Subject: Smallcap Discoveries: Weekly Update November 9th to 13th

Smallcap Discoveries:

Weekly Update November 9th to 13th
Smallcap Discoveries Select Portfolio

Immunoprecise Antibodies (IPA-TSX.V) Price - $1.80 Market Cap - $150M
BeWhere Holdings (BEW-TSX.V) Price - $.235 Market Cap - $20M
  • BeWhere Holdings Inc. Reports Third Quarter Financial Results of Fiscal 2020
  • Revenue of $2.17M
  • Gross profit of $438K
  • Recurring revenue of $809K - up 35% Y/Y
  • Adjusted EBITDA of $130K
  • Net profit of $25K - First quarter of net profit in history
  • Working capital of $3.76M
  • Cash of $2.59M
  • Press Release https://tinyurl.com/y26nbx95
RIWI Corp (RIWI-TSX.V) Price - $3.10 Market Cap - $56M
  • RIWI Reports Record Revenue over Three Quarters (Reported in $USD)
  • Revenue of $940K
  • EBIT of $71K
  • Net income of $74K
  • Cash of $3.2M
    Press Release 
    https://tinyurl.com/y5or9oh
Atlas Engineered Products (AEP-TSX.V) Price - $0.32 Market Cap - $18.5M
  • Atlas Engineered Products Delivers Another Profitable Quarter with Q3 2020 Financial and Operating Results
  • Revenue of $9.67M
  • Gross margins of 22%
  • Operating profit of $482K
  • Adjusted EBITDA of $1.17M
  • Net income of $419K
  • Press Release https://tinyurl.com/y44nznuz



Smallcap Discoveries Select Watchlist

Boardwalktech Software Corp (BWLK-TSX.V) Price - $0.52 Market Cap - $9M
Gatekeeper Systems (GSI-TSX.V) Price - $0.73 Market Cap - $65M
Data Communications Management (DCM-TSX) Price - $0.275 Market Cap - $12M
  • DATA Communications Management Corp. Announces Third Quarter 2020 Results
  • Revenue of $57.4M
  • Gross margin of 29%
  • Adjusted EBITDA of 10.2M
  • Net income of $2.1M
  • Press Release https://tinyurl.com/yys3ba8r
Spark Power Group (SPG-TSX) Price - $1.46 Market Cap - $78M
  • Spark Power’s Revenue Returning to Pre-Pandemic Levels with Renewables and Sustainability Leading the Charge
  • Revenue of $61.4M
  • Adjusted EBITDA of $9M
  • Net income of $2.05M
  • Press Release https://tinyurl.com/y43qrvsy
SustainCo (SMS-TSX.V) Price - $0.28 Market Cap - $4.4M
Acceleware (AXE-TSX.V) Price - $0.15 Market Cap - $16M
Adcore (ADCO-TSX.V) Price - $0.54 Market Cap - $30M
  • Adcore Reports Record Third Quarter 2020 Results Revenue More Than Doubles Since Last Quarter
  • Revenue of $4.1M
  • Adjusted EBITDA of $925K
  • Net income of $400K
  • Working capital of $7M 
  • Cash of $6.1M
  • Press Release https://tinyurl.com/yxw6q8ks
Caldwell Partners International (CWL-TSX) Price - $0.85 Market Cap - $17M
  • Caldwell Issues Fiscal 2020 Fourth Quarter and Full Year Financial Results
  • Revenue of $11.3M
  • Gross profit of $4.6M
  • Operating profit $2.3M
  • Net income of $2.5M
  • Press Release https://tinyurl.com/y4zgn68d
Cipher Pharmaceuticals (CPH-TSX.V) Price - $0.92 Market Cap - $25M
  • Cipher Pharmaceuticals Reports Third Quarter 2020 Financial Results
  • Revenue of $4.9M
  • EBITDA of $2.7M
  • Net income of $1.6M
  • EPS of $0.06 
  • Press Release https://tinyurl.com/y6fm5o5b
Crescita Therapeutics (CTX-TSX.V) Price - $0.80 Market Cap - $16.5M
  • Crescita Reports Third Quarter 2020 Results
  • Revenue of $7.3M
  • Gross profit of $6.2M
  • Adjusted EBITDA of $4.3M
  • Net income of $4.2M 
  • EPS of $0.20
  • Cash of $13.85M
  • Press Release https://tinyurl.com/y26wa4r7
GINSMS (GOK-TSX.V) Price - $0.05 Market Cap - $7.5M
  • GINSMS Announces Financial Results for the Three Months Ended September 30, 2020
  • Revenue of $766K
  • Gross profit of $281K
  • Net profit of $3K
  • Press Release https://tinyurl.com/y5r8jnu8
Grande West Transportation (BUS-TSX.V) Price - $1.09 Market Cap - $84M
Innovotech (IOT-TSX.V) Price - $0.19 Market Cap - $7M
  • Innovotech Reports Improved Three and Nine-Month Results to September 30th, 2020
  • Revenue of $351K
  • Net income of $93K
  • Working capital of $642K
  • Press Release https://tinyurl.com/y543tds6
Kontrol Energy (KNR-TSX.V) Price - $3.40 Market Cap - $118M
Urbanimmersive (UI-TSX.V) Price - $0.075 Market Cap - $6.6M
Ackroo (AKR-TSX.V) Price - $0.145 Market Cap - $11.5M
Yangaroo (YOO-TSX.V) Price - $0.115 Market Cap - $7M
BPLI Holdings (BPLI-TSX.V) Price - $0.145 Market Cap - $15.5M
  • Bluedrop Amongst Firsts for Technology Leadership Accelerated Ocean Solutions Project With Its State-of-the-Art Hoist Mission Training System
Legend Power Systems (LPS-TSX.V) Price - $0.35 Market Cap - $36M
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