Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,273.97, up 4.70 points)
Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 69 cents, or 8.58 per cent, to $8.73 on 17.5 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 53 cents, or 3.60 per cent, to $15.25 on 9.2 million shares.
Aphria Inc. (TSX:APH). Healthcare. Up $1.48, or 14.92 per cent, to $11.40 on 7.8 million shares.
Canopy Growth Corp. (TSX:WEED). Healthcare. Up $2.17, or 7.84 per cent, to $29.84 on 6.8 million shares.
Neovasc Inc. (TSX:NVC). Medical devices. Unchanged at 6.5 cents on 6.3 million shares.
Cenovus Energy Inc. (TSX:CVE). Oil and gas. Up 28 cents, or 2.25 per cent, to $12.72 on 5.2 million shares.
Companies reporting major news:
Aimia Inc. (TSX:AIM). Loyalty programs. Up one cent, or 0.59 per cent, to $1.70 on 490,264 shares. The operator of the Aeroplan loyalty rewards program still faces the prospect of a shareholder revolt after a U.S. investor vowed to vote against the existing board of director nominees at this month’s annual meeting. 22NW Fund LP of Seattle blames Aimia Inc.’s poor performance and plummeting share price directly on the board’s actions including the “botched” Air Canada renegotiation and the sale of the British program Nector to retailer Sainsbury.
Crescent Point Energy (TSX:CPG). Oil and gas. Up three cents, or 0.30 per cent, to $10.02 on 3.5 million shares. Crescent Point is doubling down in its battle with activist investor Cation Capital Inc., criticizing the company, its leader and even the ages of two of the four directors it has nominated for election at the annual general meeting next month. A lengthy letter to shareholders asking them to reject the dissident slate repeats criticism Crescent Point levelled Monday of Cation Capital’s “unreasonable” bid to have four new directors elected, saying it will disrupt the oil and gas producer’s five-year business plan.
Hydro One Ltd. (TSX:H). Utilities. Down seven cents, or 0.33 per cent, to $20.88 on 257,013 shares. Ontario’s energy regulator rejected Hydro One’s application to purchase the Orillia Power Distribution Corp. Hydro One had announced a deal to acquire the utility company for $41.3 million in 2016. The figure included the assumption of about $14.9 million in OPDC debt.
Premium Brands Holdings Corp. (TSX:PBH). Consumer packaged goods. Up $2.31, or 1.95 per cent, to $120.85 on 180,071 shares. The B.C.-based company will expand its portfolio of specialty meats products with the acquisition of Seattle-based Oberto Sausage Company, a 100-year-old family-run business. Premium didn’t disclose the price of Oberto alone but did say it’s spending a total of $237 million for it and an increased stake in Vancouver-based McLean Meats Inc., which makes preservative-free and organic processed meats.
The Canadian Press