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Welcome to your monthly recap of the Canadian microcap market.
Last month was quite busy on my end. I travelled for three weeks, spending two weeks on vacation (French Riviera) and one week in Vancouver for the Planet MicroCap Showcase / Smallcap Discoveries conference.
I will have some great content coming your way in the coming weeks. I plan to recap some of the most interesting meetings I had in Vancouver. I will also share some more insights on Canadian microcap M&A activity, a topic I covered during my keynote speech at the conference. Stay tuned for that!
Let's now look at some of the main highlights from last month!
For those who signed up for this newsletter recently, the concept is simple. I feature the news that caught my attention during the previous month after skimming through all the press releases on the Canadian market. Every press release, every single day!
(Shoutout to Philippe Lapointe, my analyst at Rivemont, for keeping me up to date during my vacation!)
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Haivision (TSX: HAI), a global networking and visual collaboration solutions provider, announced a massive $82 million 5-year contract from the US Navy. The stock had already run up 46% in the month leading up to the news, so investors were anticipating positive developments out of Haivision. The stock gained another 19% in the days following the news before giving back most of the gains (presumably due to underwhelming financial results later in September).