Subject: Smallcap Discoveries: Weekly Update November 23rd to 27th

Smallcap Discoveries:

Weekly Update November 23rd to 27th
Smallcap Discoveries Select Portfolio

Immunoprecise Antibodies (IPA-TSX.V) Price - $10.02 Market Cap - $165M
Renoworks Software (RW-TSX.V) Price - $0.52 Market Cap - $19M
  • Renoworks Announces Record Third Quarter 2020 Financial Results
  • Revenue of $1.41M - up 33%
  • Design services of $767K - up 97%
  • Gross margins of 65%
  • Net income of 27K
  • 2nd consecutive quarter of profitability
  • Press Release https://tinyurl.com/y4zr4rgo
Lite Access Technologies (LTE-TSX.V) Price - $0.295 Market Cap - $10M
Route1 Inc (ROI-TSX.V) Price - $0.89 Market Cap - $31M
  • Route1 Announces Q3 2020 Financial Results
  • Revenue of $9.1M
  • Gross profit of $3M
  • Subscription and services of $2.59M
  • Adj. EBITDA of $778K
  • Net loss of $528K
  • Press Release https://tinyurl.com/yxdefoqs
Aurora Solar Technologies (ACU-TSX.V) Price - $0.225 Market Cap - $25.5M
  • Announced Q2 Financials
  • Revenue of $2.12M
  • Gross margin of $942K
  • Net loss of $414K
  • Cash of $1.38M
Namesilo Technologies (URL-CSE) Price - $0.24 Market Cap - $22M
  • Announced Q3 Financials
  • Revenue of $8M
  • Gross profit of $1.13M
  • Net income of $2.7M
  • Comprehensive income of $2.5M
  • EPS of $0.04


Smallcap Discoveries Select Watchlist

GrandeWest Transportation Group (BUS-TSX.V) Price - $1.86 Market Cap - $157M
  • Grande West Announces Third Quarter Results
  • Revenue of $8.92M
  • Gross margin of $565K
  • Net loss of $1.3M
  • Press Release https://tinyurl.com/y2dpcbm3
  • Grande West Unveils Vicinity Lightning(TM) Electric Vehicle Design and Begins Marketing for 2021 Deliveries
  • Press Release https://tinyurl.com/yyaaagjm
IOU Financial (IOU-TSX.V) Price - $0.145 Market Cap - $12.5M
  • IOU Financial Inc. Reports Third Quarter 2020 Financial Results
  • Gross revenue of $3.8M
  • Adjusted net revenue of $4M
  • Adjusted net earnings $1.74M
  • Press release https://tinyurl.com/y4s7y5kn
Mimi's Rock (MIMI-TSX.V) Price - $0.64 Market Cap - $33.6M
  • Mimi's Rock Corp. Reports Q3 2020 Results
  • Revenue of $9.8M
  • EBITDA of $1.2M
  • Net income of $545K
  • EPS of $0.01
  • Press Release https://tinyurl.com/y45srsm6
Organic Garage (OG-TSX.V) Price - $0.11 Market Cap - $4.3M
ADF Group (DRX-TSX) Price - $1.24 Market Cap - $23M
Avante Logixx (XX-TSX.V) Price - $1.24 Market Cap - $26M
  • Avante Logixx Inc. Announces Revenue of $23.6MM and Adjusted EBITDA of $2.2MM For the Second Quarter Ended September 30, 2020
  • Revenue of $10.2M
  • Gross profit of 3.1M
  • Gross margin of 30%
  • EBITDA of $540K
  • Adj. EBITDA of $724K
  • Net loss of $273K
  • Press Release https://tinyurl.com/y36jyum7
BIOREM (BRM-TSX.V) Price - $0.42 Market Cap - $16M
  • BIOREM Reports 2020 Third Quarter Results
  • Revenue of $3.58M
  • Gross profit of $629K
  • EBITDA of $167K
  • Net income of $155K
  • Press Release https://tinyurl.com/y6p4lf3e
BQE Water (BQE-TSX.V) Price - $19.99 Market Cap - $24M
Cematrix (CVX-TSX.V) Price - $0.42 Market Cap - $27M
GBLT Corp (GBLT-TSX.V) Price - $.013 Market Cap - $14.6M
ICEsoft Technologies (ISFT-CSE) Price - $0.10 Market Cap - $8M
  • ICEsoft Announces Q3 2020 Financial Results. Voyent Alert!, Expanded to 162 Municipalities
  • Revenue of $307K
  • Net loss of $166K
  • Press Release https://tinyurl.com/y28p4clg
Imaflex Inc (IFX-TSX.V) Price - $1.00 Market Cap - $50M
  • Imaflex Reports Strong Q3 2020 Results and Provides Business Update
  • Revenue of $22.9M
  • Gross profit of $4.38M
  • Gross margin of 19%
  • EBITDA of $2.95M
  • Net income of $1.23M
  • Press Release https://tinyurl.com/y5s5yn2o
Kraken Robotics (PNG-TSX.V) Price - $0.57 Market Cap - $95M
UGE International (UGE-TSX.V) Price - $2.01 Market Cap - $54M
  • UGE Reports Third Quarter 2020 Financial Results, Including Record Backlog of $112 Million
  • Revenue of $398K
  • Gross profit of $274K
  • Net income of 219K
  • Press Release of https://tinyurl.com/y4rwp22s
Vitalhub (VHI-TSX.V) Price - $2.60 Market Cap - $69M
  • VitalHub Reports an Increase in Revenue of 33% and an Increase of Annual Contract Value of 143% over the prior year.
  • Revenue of $3.19M
  • EBITDA loss of $419K
  • Adj. EBITDA of $502K
  • Net loss of $1.06M
  • Press Release https://tinyurl.com/y5p6mevh
WestBond (WBE-TSX.V) Price - $0.85 Market Cap - $30M
  • WestBond Realizes Profit of $538,291 for Quarter Ended September 30, 2020
  • Revenue of $3.26M
  • Gross profit of $1.08M
  • Operating profit of $692K
  • Net income of $538K 
  • EPS of $0.015
  • Press Release https://tinyurl.com/y4777sdm
Yangaroo (YOO-TSX.V) Price - $0.12 Market Cap - $7M
  • YANGAROO Reports Q3’2020 Results
  • Revenue of $1.92M
  • Gross margin of 93%
  • EBITDA of $502K
  • Net income of $384K
  • EPS of $0.01
  • Press Release https://tinyurl.com/y4vfe3z3
Boardwalktech Software Corp (BWLK-TSX.V) Price - $0.53 Market Cap - $10.7M
  • Boardwalktech Reports Second Quarter Fiscal 2021 Financial Results
  • Revenue of $1.1M
  • Gross margin of 87%
  • Adj. EBITDA loss of $394K
  • Net loss of $877K
  • Press Release https://tinyurl.com/yybmkl2b
Ceapro Inc (CZO-TSX.V) Price - $0.71 Market Cap - $55M
  • Ceapro Inc. Reports 2020 Third Quarter and Nine-Month Financial Results and Operational Highlights
  • Revenue of $3.47M
  • Gross profit of $1.66M
  • Net income of $192K
  • Press Release https://tinyurl.com/y6ne3ksq
Crescita Therapeutics (CTX-TSX) Price - $0.81 Market Cap - $16.7M
Intouch Insight (INX-TSX.V) Price - $0.53 Market Cap - $12M
  • Intouch Insight Ltd. Announces Q3 2020 Results With Over $500,000 in Net Income
  • Revenue of $2.97
  • Gross margin of 52%
  • Gross profit of $1.55M
  • Income from operations of $485K
  • Adj. EBITDA of $760K
  • Net income of $510K
  • Press Release https://tinyurl.com/y5jdd4t5
Inventronics (IVX-TSX.V) Price - $0.23 Market Cap - $1M
  • Inventronics Announces 2020 Q3 Financial Results
  • Revenue of $2.05M
  • EIBTDA of $344K
  • Net income of $284K
  • EPS of $0.065
  • Press Release https://tinyurl.com/yxzofglq
Jemtec (JTC-TSX.V) Price - $1.40 Market Cap - $3.8M
Lingo Media (LM-TSX.V) Price - $0.10 Market Cap - $3.55M
  • Lingo Media Reports Financial Results for the Third Quarter Ended September 30, 2020
  • Revenue of $68K
  • Net loss of $357K
  • Press Release https://tinyurl.com/yy7jojpp
Redishred Capital Corp (KUT-TSX.V) Price - $0.54 Market Cap - $42.5M
  • Redishred Capital Corp. (“Redishred”) Announces Q3 2020 Results Highlighting 25% Revenue Growth
  • Revenue of $6.7M
  • EBITDA of $1.9M
  • EBITDA margin of 28%
  • Net income of $477K
Total Telecom (TTZ-TSX.V) Price - $0.115 Market Cap - $2.87M
  • Reported Q1 Financials 
  • Revenue of $487K
  • Gross profit of $259K
  • Net income $107K
VIQ Solutions (VQS-TSX.V) Price - $4.17 Market Cap - $96.7M
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