GMP Securities

Savaria Corporation (savaria.com) is one of North America’s leaders in the accessibility industry. It provides accessibility solutions for the elderly and physically challenged to increase their mobility and independence. The diversity of its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, as well as elevators for home and commercial use. In addition, it converts and adapts vehicles to be wheelchair accessible. It also operates a network of franchisees and corporate stores through which new and recycled accessibility equipment is sold and, in certain locations, vehicle conversions are performed. Savaria operates a plant located in Huizhou (China) which increases its competitive edge. Savaria records close to 60% of its revenue outside Canada, primarily in the United States. It operates a sales network of some 400 retailers and affiliates in North America and employs some 500 people.

Founded in 1999, Bear Creek Mining is a Vancouver-based company engaged in the exploration and development of precious and base metal properties in Peru. Its primary focus is on silver, lead, zinc, gold, and copper deposits.

Xebec Adsorption Inc specializes in gas purification and filtration solutions tailored for various markets, including natural gas, biogas, helium, and hydrogen. The company designs, engineers, and manufactures a range of innovative products aimed at transforming raw gases into marketable sources of clean energy. Its offerings encompass purification, separation, dehydration, and filtration equipment for gases and compressed air, with specific product lines including natural gas dryers for refueling stations, compressed gas filtration, and biogas purification systems. Xebec operates through several segments, including Systems and Support, and is active in geographic regions such as the United States, Canada, China, Korea, Italy, and France. Through its technology and services, Xebec plays a vital role in advancing clean energy solutions.

DynaCERT Inc., established in 2004 and headquartered in Toronto, specializes in designing, engineering, manufacturing, testing, distributing, and installing aftermarket hydrogen generator products globally. Its patented HydraGen unit injects hydrogen and oxygen into engines' air intake manifolds, enhancing fuel efficiency and reducing carbon emissions. DynaCERT serves diverse sectors including on-road vehicles, reefer trailers, mining equipment, marine vessels, locomotives, construction machinery, and power generation. The company's products have demonstrated emission reductions, improved engine performance, and significant fuel cost savings, as seen with Pepsi Beverage Company's 15% diesel fuel reduction. DynaCERT continues to expand its partnerships with industry leaders and government bodies, targeting rail, marine, oil/gas, mining applications, and stationary generators for further growth.

Troilus Gold is a Canadian development-stage resource company focused on the potential restart and mineral expansion of the former producing Troilus gold and copper mine in Quebec.

New Gold is an intermediate gold producer with a diversified portfolio of mining assets in the United States, Mexico, Australia, Canada and Chile. The company develops and operates mining properties, including the Rainy River Mine and the New Afton Mine in Canada, as well as the Cerro San Pedro Mine in Mexico. It generates revenue from the sale of gold, copper and silver.

HLS Therapeutics Inc is a specialty pharmaceutical company that focuses on the acquisition and commercialization of branded pharmaceutical products primarily in North America. The company is committed to managing the life cycles of these products after their exclusivity, ensuring that essential treatments remain accessible to patients and caregivers. HLS Therapeutics offers a range of products, including Clozaril and Vascepa, and generates revenue mainly through product sales, supplemented by royalties. Operating in Canada, the United States, and other international markets, HLS Therapeutics plays a crucial role in maintaining the availability of trusted medications.

Troilus Gold is a Canadian development-stage resource company focused on the potential restart and mineral expansion of the former producing Troilus gold and copper mine in Quebec.

Park Lawn Corporation, established in 1892 and headquartered in Toronto, Canada, specializes in deathcare products and services across Canada and the United States. The company owns and operates a total of 173 facilities, comprising 114 cemeteries, 39 crematoriums, and 109 funeral homes. Park Lawn offers a range of merchandise including cemetery lots, crypts, niches, monuments, caskets, urns, along with funeral services and post-funeral celebration services. These products and services are provided both at the time of need and on a pre-arranged basis.

NanoXplore Inc. is a graphene company that specializes in the manufacture and supply of high-volume graphene powder for industrial applications. Founded in 2011 and headquartered in Montréal, Canada, the company operates production facilities in both Canada and Switzerland. NanoXplore offers a variety of graphene-based solutions, including GrapheneBlack powder and heXo-G graphene-plastic masterbatch pellets, as well as customized graphene-enhanced plastic and composite products. These offerings cater to various sectors such as transportation, packaging, and electronics. With a strong foundation in carbon chemistry, NanoXplore aims to enhance the performance of its customers' products through innovative graphene technologies.

Doman Building Materials Group is a prominent Canadian wholesale distributor specializing in building materials, home renovation products, and hardware. The company serves various sectors, including new home construction, home renovation, and the industrial market, supplying a diverse range of products to retailers, lumberyards, and home improvement centers. Doman's extensive product line includes structural, exterior, interior, and specialty items designed to meet the needs of builders and homeowners engaged in new construction, repair, and remodeling projects. Additionally, the company is involved in timber ownership and manages private timberlands and forest licenses, offering services such as agricultural post-peeling and wood pressure treating. Doman Building Materials Group operates primarily in Canada and the United States, emphasizing quality and value across all its offerings.

Eastmain Resources Inc. is a Canadian exploration-stage company focused on the acquisition and exploration of metallic mineral resource properties, primarily targeting gold and other base metals. Established in 1982 and headquartered in Toronto, Eastmain's flagship project is the Clearwater project, situated in the James Bay region of Québec. The company is actively involved in exploring several other projects in central James Bay, including the Eastmain Mine, Eleonore South Joint Venture, and Lac Lessard, among others. Eastmain prioritizes aggressive exploration strategies to identify world-class ore deposits and has established joint-venture partnerships with prominent mining companies to leverage their financial resources and technical expertise. With a strong commitment to advancing its projects within the mineral-rich regions of Ontario and Québec, Eastmain aims to capitalize on the significant unmined mineral wealth of these areas.

Troilus Gold is a Canadian development-stage resource company focused on the potential restart and mineral expansion of the former producing Troilus gold and copper mine in Quebec.

Savaria Corporation (savaria.com) is one of North America’s leaders in the accessibility industry. It provides accessibility solutions for the elderly and physically challenged to increase their mobility and independence. The diversity of its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, as well as elevators for home and commercial use. In addition, it converts and adapts vehicles to be wheelchair accessible. It also operates a network of franchisees and corporate stores through which new and recycled accessibility equipment is sold and, in certain locations, vehicle conversions are performed. Savaria operates a plant located in Huizhou (China) which increases its competitive edge. Savaria records close to 60% of its revenue outside Canada, primarily in the United States. It operates a sales network of some 400 retailers and affiliates in North America and employs some 500 people.

NanoXplore Inc. is a graphene company that specializes in the manufacture and supply of high-volume graphene powder for industrial applications. Founded in 2011 and headquartered in Montréal, Canada, the company operates production facilities in both Canada and Switzerland. NanoXplore offers a variety of graphene-based solutions, including GrapheneBlack powder and heXo-G graphene-plastic masterbatch pellets, as well as customized graphene-enhanced plastic and composite products. These offerings cater to various sectors such as transportation, packaging, and electronics. With a strong foundation in carbon chemistry, NanoXplore aims to enhance the performance of its customers' products through innovative graphene technologies.

Fireweed Metals is a Canadian mining exploration and development company focused on the acquisition and advancement of mineral assets, primarily in northern Canada. The company is centered around the Macmillan Pass Project, which contains significant zinc-lead-silver deposits at the Tom and Jason sites. In addition to the Macmillan Pass Project, Fireweed Metals also owns the Mactung Project and the Gayna River Zinc Project. The company is led by a veteran management team with a proven track record in exploration, development, financing, and operations. Fireweed Metals aims to create value for its shareholders by developing these projects into a leading base metals company.

Orla Mining is a mineral exploration company focused on acquiring, exploring, and developing mineral properties. Its primary asset is the Camino Rojo project in Zacatecas State, Mexico, which contains estimated mineral reserves of over 1 million ounces of gold and silver. The company also holds interests in projects in Panama and Nevada, USA.

OrganiGram is a Canadian cannabis company focused on producing high-quality indoor-grown cannabis for medical and recreational consumers. They offer a range of brands including Edison, Holy Mountain, and Big Bag O' Buds, among others. OrganiGram operates facilities in Moncton, New Brunswick, Lac-Superieur, Quebec, and Winnipeg, Manitoba.

McEwen Mining is a diversified precious metals mining company focused on exploration, development, and production across North America and Argentina. It operates mines in Nevada, Canada, Mexico, and Argentina, with principal assets including the San José mine in Argentina, El Gallo complex in Mexico, Gold Bar project in Nevada, and Los Azules copper deposit in Argentina.

OrganiGram is a Canadian cannabis company focused on producing high-quality indoor-grown cannabis for medical and recreational consumers. They offer a range of brands including Edison, Holy Mountain, and Big Bag O' Buds, among others. OrganiGram operates facilities in Moncton, New Brunswick, Lac-Superieur, Quebec, and Winnipeg, Manitoba.

Troilus Gold is a Canadian development-stage resource company focused on the potential restart and mineral expansion of the former producing Troilus gold and copper mine in Quebec.

Diversified Royalty Corp is a Canadian company that acquires royalties from multi-location businesses and franchisors across North America. It owns trademarks such as Mr. Lube, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, and Oxford Learning Centres. The company focuses on acquiring predictable, growing royalty streams to boost cash flow.

Integra Resources is a development-stage company focused on acquiring, exploring, and developing mineral properties in the Americas. Its primary asset is the DeLamar project in southwestern Idaho, which includes the DeLamar and Florida Mountain gold-silver deposits.

Founded in 2001, Goldmoney is a global financial services company specializing in precious metals. It offers investment, earning, and spending options for gold, silver, platinum, and palladium through its secure online platform, the Goldmoney Holding. With nearly $2 billion in assets under safeguard and clients in over 150 countries, Goldmoney aims to democratize access to precious metals via innovative technology.

Doman Building Materials Group is a prominent Canadian wholesale distributor specializing in building materials, home renovation products, and hardware. The company serves various sectors, including new home construction, home renovation, and the industrial market, supplying a diverse range of products to retailers, lumberyards, and home improvement centers. Doman's extensive product line includes structural, exterior, interior, and specialty items designed to meet the needs of builders and homeowners engaged in new construction, repair, and remodeling projects. Additionally, the company is involved in timber ownership and manages private timberlands and forest licenses, offering services such as agricultural post-peeling and wood pressure treating. Doman Building Materials Group operates primarily in Canada and the United States, emphasizing quality and value across all its offerings.

Founded in 1984, Nanotech Security specializes in advanced security products using nanotechnology. It offers a range of solutions including security threads for banknotes, foils for brand protection, and anti-counterfeiting features inspired by the iridescent wings of the Blue Morpho butterfly.

Savaria Corporation (savaria.com) is one of North America’s leaders in the accessibility industry. It provides accessibility solutions for the elderly and physically challenged to increase their mobility and independence. The diversity of its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, as well as elevators for home and commercial use. In addition, it converts and adapts vehicles to be wheelchair accessible. It also operates a network of franchisees and corporate stores through which new and recycled accessibility equipment is sold and, in certain locations, vehicle conversions are performed. Savaria operates a plant located in Huizhou (China) which increases its competitive edge. Savaria records close to 60% of its revenue outside Canada, primarily in the United States. It operates a sales network of some 400 retailers and affiliates in North America and employs some 500 people.

Leucrotta Exploration Inc. is an oil and natural gas producer based in Canada, primarily focused on the Montney formation in the Dawson area of Northeast British Columbia. The company holds approximately 100,500 gross (90,200 net) acres, equivalent to about 157 gross (141 net) sections of Montney land in the Doe/Mica region. Leucrotta is engaged in the acquisition, development, exploration, and production of oil and natural gas reserves, currently achieving a production rate of approximately 3,000 barrels of oil equivalent per day.

Trevali Mining Corporation is a base-metals mining company focused on the acquisition, exploration, development, and production of mineral properties, primarily targeting zinc, lead, silver, gold, and copper deposits. The company operates several key assets, including the Perkoa Mine in Burkina Faso, the Rosh Pinah Mine in Namibia, and the Caribou Mine in New Brunswick, Canada, which is currently undergoing commissioning. Additionally, Trevali produces zinc and lead-silver concentrates at its Santander Mine in Peru. The company was incorporated in 1964 and is headquartered in Vancouver, Canada.

Tricon Residential is a residential real estate company focused on rental housing in the United States and Canada. It owns and operates roughly 30,000 single-family and multi-family rental homes across multiple markets, with a primary emphasis in the U.S. Sun Belt and significant presence in California and Canada. The company uses a technology-enabled operating platform and dedicated local teams to professionally manage properties, aiming to provide well-maintained homes, encourage long tenancies, and foster thriving communities. Headquartered in Toronto, Tricon maintains operations in Orange County and other major markets, reflecting a strategy to deliver a high-quality rental experience while supporting residents and local communities.

Tricon Residential is a residential real estate company focused on rental housing in the United States and Canada. It owns and operates roughly 30,000 single-family and multi-family rental homes across multiple markets, with a primary emphasis in the U.S. Sun Belt and significant presence in California and Canada. The company uses a technology-enabled operating platform and dedicated local teams to professionally manage properties, aiming to provide well-maintained homes, encourage long tenancies, and foster thriving communities. Headquartered in Toronto, Tricon maintains operations in Orange County and other major markets, reflecting a strategy to deliver a high-quality rental experience while supporting residents and local communities.

Knight Therapeutics Inc. is a specialty pharmaceutical company based in Montreal, Canada, engaged in the development, acquisition, in-licensing, out-licensing, marketing, and distribution of innovative prescription pharmaceuticals, consumer health products, and medical devices. The company offers a range of commercialized products, including Movantik for opioid-induced constipation, Mytesi for noninfectious diarrhea in adults with HIV or AIDS, NERLYNX for HER2-positive breast cancer, and Trelstar for prostate cancer. Additionally, Knight Therapeutics is involved in the development of treatments for conditions such as opioid addiction, chronic pain, diabetes-related eye diseases, and neurological disorders. Their product pipeline includes various therapies targeting acute migraine, HPV-associated cancers, and osteoarthritis-related pain, among others. Founded in 2013, Knight Therapeutics continues to expand its portfolio and invest in innovative life sciences solutions both in Canada and internationally.

Diamond Estates produces and markets wines under brands like 20 Bees, EastDell, Lakeview Cellars, and Dan Aykroyd. It also acts as a sales agent for approximately 120 beverage alcohol brands, selling products through liquor boards, licensed establishments, grocery chains, and online.

OrganiGram is a Canadian cannabis company focused on producing high-quality indoor-grown cannabis for medical and recreational consumers. They offer a range of brands including Edison, Holy Mountain, and Big Bag O' Buds, among others. OrganiGram operates facilities in Moncton, New Brunswick, Lac-Superieur, Quebec, and Winnipeg, Manitoba.

IAMGOLD is a leading mid-tier gold producer operating four mines across three continents. Its growth strategy focuses on projects in Canada, South America, and Africa. The company prioritizes safety, environmental responsibility, and community engagement.

Doman Building Materials Group is a prominent Canadian wholesale distributor specializing in building materials, home renovation products, and hardware. The company serves various sectors, including new home construction, home renovation, and the industrial market, supplying a diverse range of products to retailers, lumberyards, and home improvement centers. Doman's extensive product line includes structural, exterior, interior, and specialty items designed to meet the needs of builders and homeowners engaged in new construction, repair, and remodeling projects. Additionally, the company is involved in timber ownership and manages private timberlands and forest licenses, offering services such as agricultural post-peeling and wood pressure treating. Doman Building Materials Group operates primarily in Canada and the United States, emphasizing quality and value across all its offerings.

Dundee Precious Metals Inc. is a Canadian international gold mining company focused on the acquisition, exploration, development, mining, and processing of precious metals. The company operates key projects, including Chelopech and Ada Tepe, located in Bulgaria. Through these initiatives, Dundee Precious Metals aims to enhance its production capabilities and contribute to the global precious metals market.

Integra Gold Corp. is a Vancouver-based provider of gold exploration services. The company develops and manages exploration projects and mining operations, with a focus on the Val‑d’Or region of Québec, one of Canada’s leading mining jurisdictions. Its services include site assessment, drilling, and resource evaluation, enabling clients to identify and develop potential gold deposits.

Knight Therapeutics Inc. is a specialty pharmaceutical company based in Montreal, Canada, engaged in the development, acquisition, in-licensing, out-licensing, marketing, and distribution of innovative prescription pharmaceuticals, consumer health products, and medical devices. The company offers a range of commercialized products, including Movantik for opioid-induced constipation, Mytesi for noninfectious diarrhea in adults with HIV or AIDS, NERLYNX for HER2-positive breast cancer, and Trelstar for prostate cancer. Additionally, Knight Therapeutics is involved in the development of treatments for conditions such as opioid addiction, chronic pain, diabetes-related eye diseases, and neurological disorders. Their product pipeline includes various therapies targeting acute migraine, HPV-associated cancers, and osteoarthritis-related pain, among others. Founded in 2013, Knight Therapeutics continues to expand its portfolio and invest in innovative life sciences solutions both in Canada and internationally.

Doman Building Materials Group is a prominent Canadian wholesale distributor specializing in building materials, home renovation products, and hardware. The company serves various sectors, including new home construction, home renovation, and the industrial market, supplying a diverse range of products to retailers, lumberyards, and home improvement centers. Doman's extensive product line includes structural, exterior, interior, and specialty items designed to meet the needs of builders and homeowners engaged in new construction, repair, and remodeling projects. Additionally, the company is involved in timber ownership and manages private timberlands and forest licenses, offering services such as agricultural post-peeling and wood pressure treating. Doman Building Materials Group operates primarily in Canada and the United States, emphasizing quality and value across all its offerings.

Tamarack Valley Energy is a Calgary-based company engaged in the exploration, development, and production of crude oil and natural gas within the Western Canadian Sedimentary Basin. The company focuses on acquiring and operating repeatable, predictable resource plays, with key assets including Cardium light oil properties in Lochend, Garrington/Harmattan, and Buck Lake in Alberta, Viking light oil resources in Redwater, Foley Lake, and Westlock in Alberta, and heavy oil opportunities southeast of Lloydminster in Saskatchewan.

Trevali Mining Corporation is a base-metals mining company focused on the acquisition, exploration, development, and production of mineral properties, primarily targeting zinc, lead, silver, gold, and copper deposits. The company operates several key assets, including the Perkoa Mine in Burkina Faso, the Rosh Pinah Mine in Namibia, and the Caribou Mine in New Brunswick, Canada, which is currently undergoing commissioning. Additionally, Trevali produces zinc and lead-silver concentrates at its Santander Mine in Peru. The company was incorporated in 1964 and is headquartered in Vancouver, Canada.

Founded in 2001, Goldmoney is a global financial services company specializing in precious metals. It offers investment, earning, and spending options for gold, silver, platinum, and palladium through its secure online platform, the Goldmoney Holding. With nearly $2 billion in assets under safeguard and clients in over 150 countries, Goldmoney aims to democratize access to precious metals via innovative technology.

Raging River Exploration Inc. is an oil and gas company engaged in the exploration, development, and production of crude oil and natural gas properties in Western Canada. The firm primarily focuses on the Viking light oil fairway, particularly in the greater Dodsland area of southwest Saskatchewan and the Esther area of southeastern Alberta. Raging River holds a substantial net undeveloped land base of 591,363 acres. Established in 2011 and headquartered in Calgary, Alberta, the company has positioned itself as a key player in the regional oil and gas sector. As of August 2018, it operates as a subsidiary of Baytex Energy Corp.

Integra Gold Corp. is a Vancouver-based provider of gold exploration services. The company develops and manages exploration projects and mining operations, with a focus on the Val‑d’Or region of Québec, one of Canada’s leading mining jurisdictions. Its services include site assessment, drilling, and resource evaluation, enabling clients to identify and develop potential gold deposits.

DealNet Capital is a consumer finance company based in Toronto, with additional offices across North America. The company specializes in providing financing services, particularly within the Canadian housing sector. It focuses on the origination, securitization, and servicing of consumer loans and leases. DealNet Capital is recognized for its engagement platform, which offers process solutions that enhance efficiency and scalability in consumer finance origination and servicing. As a result, the company is positioning itself as a significant player in the market for consumer loans in select verticals.

Canopy Growth is a diversified cannabis and cannabinoid product company that develops and sells medical and recreational cannabis and hemp products. It offers a broad range of consumer formats, including dried flower, oil, softgel capsules, infused beverages, edibles, topicals, and vaporizer devices in partnership with Storz & Bickel. The company owns and markets several brands such as Doja, LivRelief, Ace Valley, and Deep Space, and operates through segments covering Canada cannabis, international markets cannabis, and hardware through Storz & Bickel. Canopy Growth focuses on leveraging consumer insights and product innovation to expand access to cannabis and cannabinoid-based products in regulated markets.

Tricon Residential is a residential real estate company focused on rental housing in the United States and Canada. It owns and operates roughly 30,000 single-family and multi-family rental homes across multiple markets, with a primary emphasis in the U.S. Sun Belt and significant presence in California and Canada. The company uses a technology-enabled operating platform and dedicated local teams to professionally manage properties, aiming to provide well-maintained homes, encourage long tenancies, and foster thriving communities. Headquartered in Toronto, Tricon maintains operations in Orange County and other major markets, reflecting a strategy to deliver a high-quality rental experience while supporting residents and local communities.

Espial Group Inc. is a software company based in Ottawa, Canada, specializing in solutions for video service providers across North America, Europe, and the Asia Pacific. The company develops various products that facilitate the delivery of video services on multiple screens, including TVs, tablets, PCs, and mobile devices. Its key offerings include Espial Elevate, a cloud-hosted platform for managing and monetizing video experiences; Espial G4, a suite of software clients for delivering personalized viewing experiences; and the Espial Media Service and MediaBase platforms, which support the provision of television and video-on-demand services. Additionally, Espial offers installation and integration services for video service providers, as well as the Espial TV Browser, enabling web experiences on connected TVs. With over seven million devices licensed for its products worldwide, Espial serves a diverse range of markets, including cable, telecommunications, and consumer electronics. The company was founded in 1997 and operates as a subsidiary of Enghouse Systems Limited.

Profound Medical Corp. is a medical technology company based in Mississauga, Canada, specializing in the development of innovative, incision-free therapeutic systems for the image-guided ablation of diseased tissue. The company’s flagship product, the TULSA-PRO system, integrates real-time magnetic resonance imaging with robotically driven thermal ultrasound to precisely ablate prostate tissue. Additionally, Profound Medical offers the Sonalleve platform, which is designed for treating uterine fibroids and managing palliative pain associated with bone metastases. By leveraging existing MRI infrastructure, the company aims to provide customizable and non-invasive treatment options that address the unmet needs of patients and clinicians. Profound Medical is committed to enhancing the standard of care through its advanced technologies and has established a co-development agreement with GE Healthcare to broaden access to its TULSA-PRO system.

Integra Gold Corp. is a Vancouver-based provider of gold exploration services. The company develops and manages exploration projects and mining operations, with a focus on the Val‑d’Or region of Québec, one of Canada’s leading mining jurisdictions. Its services include site assessment, drilling, and resource evaluation, enabling clients to identify and develop potential gold deposits.

Rock Energy Inc. is a Calgary-based company that specializes in the exploration, development, and production of crude oil and natural gas in Western Canada, particularly in the southwest Saskatchewan area. Its key producing properties include Mantario/Laporte and Onward. As of December 31, 2015, Rock Energy reported proved plus probable reserves of 17.1 million barrels of oil equivalent (BOE) and total proved reserves of 11.4 million BOE. The company emphasizes a low-cost production approach and aims for growth through drilling, enhanced recovery technologies, and targeted acquisitions. Rock Energy was incorporated in 1988 and operates as a subsidiary of Raging River Exploration Inc. since July 1, 2016.

Raging River Exploration Inc. is an oil and gas company engaged in the exploration, development, and production of crude oil and natural gas properties in Western Canada. The firm primarily focuses on the Viking light oil fairway, particularly in the greater Dodsland area of southwest Saskatchewan and the Esther area of southeastern Alberta. Raging River holds a substantial net undeveloped land base of 591,363 acres. Established in 2011 and headquartered in Calgary, Alberta, the company has positioned itself as a key player in the regional oil and gas sector. As of August 2018, it operates as a subsidiary of Baytex Energy Corp.

Knight Therapeutics Inc. is a specialty pharmaceutical company based in Montreal, Canada, engaged in the development, acquisition, in-licensing, out-licensing, marketing, and distribution of innovative prescription pharmaceuticals, consumer health products, and medical devices. The company offers a range of commercialized products, including Movantik for opioid-induced constipation, Mytesi for noninfectious diarrhea in adults with HIV or AIDS, NERLYNX for HER2-positive breast cancer, and Trelstar for prostate cancer. Additionally, Knight Therapeutics is involved in the development of treatments for conditions such as opioid addiction, chronic pain, diabetes-related eye diseases, and neurological disorders. Their product pipeline includes various therapies targeting acute migraine, HPV-associated cancers, and osteoarthritis-related pain, among others. Founded in 2013, Knight Therapeutics continues to expand its portfolio and invest in innovative life sciences solutions both in Canada and internationally.

Diversified Royalty Corp is a Canadian company that acquires royalties from multi-location businesses and franchisors across North America. It owns trademarks such as Mr. Lube, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, and Oxford Learning Centres. The company focuses on acquiring predictable, growing royalty streams to boost cash flow.

Polaris Materials Corporation is a supplier and developer of construction aggregate properties in western North America, focusing on markets in California, Hawaii, and British Columbia. The company predominantly operates the Orca Quarry, which provides sand and gravel, as well as holds interests in the Richmond and Long Beach terminals in California, the Eagle Rock Quarry in British Columbia, and the Black Bear Project. Its products support the construction industry, primarily for concrete production, road construction, and railroad ballast. Polaris has established an integrated logistical framework that includes port terminals and cost-effective shipping solutions, allowing it to address the needs for aggregate sources in areas with depleting local resources. The company maintains a strategic alliance with Cemex, Inc. to enhance its capabilities in the distribution of marine-supplied construction aggregates. Founded in 1999 and headquartered in Vancouver, Canada, Polaris Materials Corporation has evolved under the ownership of U.S. Concrete, Inc. since November 2017.

Espial Group Inc. is a software company based in Ottawa, Canada, specializing in solutions for video service providers across North America, Europe, and the Asia Pacific. The company develops various products that facilitate the delivery of video services on multiple screens, including TVs, tablets, PCs, and mobile devices. Its key offerings include Espial Elevate, a cloud-hosted platform for managing and monetizing video experiences; Espial G4, a suite of software clients for delivering personalized viewing experiences; and the Espial Media Service and MediaBase platforms, which support the provision of television and video-on-demand services. Additionally, Espial offers installation and integration services for video service providers, as well as the Espial TV Browser, enabling web experiences on connected TVs. With over seven million devices licensed for its products worldwide, Espial serves a diverse range of markets, including cable, telecommunications, and consumer electronics. The company was founded in 1997 and operates as a subsidiary of Enghouse Systems Limited.

Bellatrix Exploration Ltd is a Canada-based oil and gas company engaged in the exploration, acquisition, development, and production of oil and natural gas reserves, primarily in Alberta, British Columbia, and Saskatchewan. The company focuses on two key resource plays: the Cardium and the Notikewin/Falher intervals, both located in the Western Canada Sedimentary Basin. The Notikewin/Falher play is known for its abundant, liquids-rich natural gas, offering compelling economic advantages, while the Cardium play is recognized for its potential to significantly increase reserves and production, thereby providing long-term economic value. Through these strategic initiatives, Bellatrix aims to maximize its revenue from the sale of oil and natural gas.

Knight Therapeutics Inc. is a specialty pharmaceutical company based in Montreal, Canada, engaged in the development, acquisition, in-licensing, out-licensing, marketing, and distribution of innovative prescription pharmaceuticals, consumer health products, and medical devices. The company offers a range of commercialized products, including Movantik for opioid-induced constipation, Mytesi for noninfectious diarrhea in adults with HIV or AIDS, NERLYNX for HER2-positive breast cancer, and Trelstar for prostate cancer. Additionally, Knight Therapeutics is involved in the development of treatments for conditions such as opioid addiction, chronic pain, diabetes-related eye diseases, and neurological disorders. Their product pipeline includes various therapies targeting acute migraine, HPV-associated cancers, and osteoarthritis-related pain, among others. Founded in 2013, Knight Therapeutics continues to expand its portfolio and invest in innovative life sciences solutions both in Canada and internationally.

Gear Energy Ltd. is a junior oil and gas company based in Calgary, Canada, focused on the acquisition, exploration, development, and production of petroleum and natural gas properties. The company holds interests in oil and gas assets primarily located in east central Alberta and west central Saskatchewan. Its operations are concentrated in three key regions: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil, and Southeast Saskatchewan Light Oil.

Strategic Oil & Gas is an emerging junior oil and gas company focused on the exploration and development of petroleum and natural gas reserves, primarily in Western Canada and the Western United States. The company specializes in upstream oil and gas exploitation, leveraging advanced sub-surface technical capabilities in geology, geophysics, engineering, and petrophysics analysis. Strategic Oil & Gas is dedicated to establishing itself as a leading oil producer by developing its concentrated land and reserve base, alongside its wholly-owned and operated sales infrastructure. Additionally, the company manages interests in the Marlowe area, operating gas plants and oil batteries, while also overseeing the maintenance of associated roadways.

Element Fleet Management offers comprehensive services for commercial vehicle and equipment fleets worldwide, including acquisition, maintenance, route optimization, risk management, remarketing, decarbonization strategies, electric vehicle integration, and fleet electrification management.

Hudbay is a Canadian integrated mining company engaged in the production of copper concentrate, molybdenum concentrate, and zinc metal. The company operates three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru. Additionally, Hudbay has copper projects in Arizona and Nevada, United States. The company's primary focus is on the discovery, production, and marketing of base and precious metals, with a significant portion of its revenue derived from copper operations. Hudbay markets its copper concentrates to smelters in Asia, America, and Europe, while zinc metal represents its second largest revenue source. The company is committed to responsible mining practices and aims to create sustainable value through the development and operation of high-quality mineral deposits, benefiting the regions and communities where it operates.

Tamarack Valley Energy is a Calgary-based company engaged in the exploration, development, and production of crude oil and natural gas within the Western Canadian Sedimentary Basin. The company focuses on acquiring and operating repeatable, predictable resource plays, with key assets including Cardium light oil properties in Lochend, Garrington/Harmattan, and Buck Lake in Alberta, Viking light oil resources in Redwater, Foley Lake, and Westlock in Alberta, and heavy oil opportunities southeast of Lloydminster in Saskatchewan.

McCoy Global specializes in providing innovative equipment and technologies to enhance wellbore integrity and collect critical data for the global energy industry. Operating internationally with headquarters in Edmonton, Alberta, Canada, the company's core products include specialized hydraulic power tongs, dies, inserts, torque equipment, and computerized monitoring systems.

Tricon Residential is a residential real estate company focused on rental housing in the United States and Canada. It owns and operates roughly 30,000 single-family and multi-family rental homes across multiple markets, with a primary emphasis in the U.S. Sun Belt and significant presence in California and Canada. The company uses a technology-enabled operating platform and dedicated local teams to professionally manage properties, aiming to provide well-maintained homes, encourage long tenancies, and foster thriving communities. Headquartered in Toronto, Tricon maintains operations in Orange County and other major markets, reflecting a strategy to deliver a high-quality rental experience while supporting residents and local communities.

Blue Ant Media is a Canadian integrated media company specializing in creating and distributing engaging content across lifestyle, travel, documentary, music, and entertainment categories. It owns specialty channels such as Travel, Escape, BITE TV, AUX TV, and premium channels like Oasis HD, HIFI, eqHD, radX, along with their companion websites. The company supports new talent, produces its own content, and leverages technology to engage audiences globally.

Blue Ant Media is a Canadian integrated media company specializing in creating and distributing engaging content across lifestyle, travel, documentary, music, and entertainment categories. It owns specialty channels such as Travel, Escape, BITE TV, AUX TV, and premium channels like Oasis HD, HIFI, eqHD, radX, along with their companion websites. The company supports new talent, produces its own content, and leverages technology to engage audiences globally.

Blue Ant Media is a Canadian integrated media company specializing in creating and distributing engaging content across lifestyle, travel, documentary, music, and entertainment categories. It owns specialty channels such as Travel, Escape, BITE TV, AUX TV, and premium channels like Oasis HD, HIFI, eqHD, radX, along with their companion websites. The company supports new talent, produces its own content, and leverages technology to engage audiences globally.

Ryan Gold Corp. is a gold exploration company headquartered in Toronto, Canada. It was established through the merger of Valdez Gold Inc. and a private entity, Ryan Gold Inc. The company focuses on the exploration of mineral resources and the development of mineral deposits, primarily within Canada but also in other geological regions. Through its operations, Ryan Gold Corp. aims to identify and advance valuable gold resources, contributing to the broader mining industry.

Stonegate Agricom Ltd. is a mineral exploration company based in Toronto, Canada, specializing in the acquisition, exploration, and development of agricultural nutrient projects across the Americas. The company is primarily focused on advancing the Paris Hills Phosphate Project, which includes three patented lode mining claims and 21 contiguous fee parcels, totaling approximately 1,010 hectares in Bear Lake County, Idaho. Additionally, Stonegate Agricom holds interests in the Mantaro phosphate project, which spans 26,000 hectares near Huancayo in the Junin District of Peru. Through these initiatives, Stonegate Agricom aims to contribute to the agricultural nutrient sector by developing key phosphate resources.

Green Shift Commodities is a Canadian-based exploration company focused on the exploration of uranium and related minerals in South America. The company is establishing the Berlin Deposit in Colombia, which contains not only uranium for clean nuclear energy but also essential battery materials such as nickel, phosphate, and vanadium. Phosphate, in particular, plays a critical role in lithium-ion ferro-phosphate batteries, which are increasingly utilized by electric vehicle manufacturers. With operations in Canada, Colombia, and Argentina, Green Shift Commodities is positioned to contribute to the growing demand for sustainable energy solutions.

Yangarra Resources is a junior oil and gas company focused on the exploration, development, and production of natural gas and oil. Its operations are primarily located in Western Canada, specifically in Central Alberta, where the company has significant infrastructure and extensive landholdings. Yangarra's activities are concentrated in the Western Canadian Sedimentary Basin, encompassing areas such as O'Chiese, Willesden Green, Ferrier, Cow Lake, Chambers, and Chedderville.

Victoria Gold Corp. is a Canadian mining company focused on the acquisition, exploration, and development of gold mineral properties. The company is primarily engaged in the exploration of gold deposits and operates its flagship Dublin Gulch property in central Yukon, which encompasses the Eagle and Olive-Shamrock Gold deposits over an area of approximately 555 square kilometers. The Eagle Gold Mine Project, part of this property, is an open-pit, heap leach operation situated about 375 kilometers north of Whitehorse, the capital of Yukon. Incorporated in 1981 and headquartered in Toronto, Victoria Gold Corp. aims to mine and export gold to various industries.

Blue Ant Media is a Canadian integrated media company specializing in creating and distributing engaging content across lifestyle, travel, documentary, music, and entertainment categories. It owns specialty channels such as Travel, Escape, BITE TV, AUX TV, and premium channels like Oasis HD, HIFI, eqHD, radX, along with their companion websites. The company supports new talent, produces its own content, and leverages technology to engage audiences globally.

Cyberplex is a North American leader in online publishing and customer acquisition strategies. Through its subsidiaries, Cyberplex leverages over 300 proprietary web properties and its vast publisher network to connect advertisers to their most relevant online customers. By combining high quality publishing initiatives with efficient technology solutions and online marketing expertise, Cyberplex is able to deliver the optimal targeted audience to online advertisers. Cyberplex delivers measurable results that improve advertiser ROI, monetize the value of online properties, and build targeted, loyal online audiences. Cyberplex has over 14 years of experience serving Fortune 1000 clients including FTD, Xerox, Sony Canada, IAC, Atlantic Lottery Corporation, Vista Print, Aecon, Ontario Power Generation, Scotia Bank and the Royal Bank of Canada. Cyberplex is frequently the firm of choice for business leaders looking for reliable solutions.

Romarco Minerals Inc. is an exploration and development stage mining company focused on acquiring, exploring, and developing precious metals mineral properties in the United States. The company's flagship project is the Haile Gold Mine, located northeast of Kershaw in southern Lancaster County, South Carolina, where it is currently engaged in exploration drilling, conducting a bankable feasibility study, and obtaining necessary permits. In addition to the Haile Gold Mine, Romarco also has interests in the Pinos Gold District in Mexico, a high-grade epithermal vein district that is in the advanced exploration stage. Headquartered in Toronto, Canada, Romarco Minerals operates as a subsidiary of OceanaGold Corporation.

QuickPlay Media provides cloud-based managed service solutions for distributing premium video to IP-connected devices. It offers an over-the-top video platform and a path to deploy to managed IPTV set-top boxes and unmanaged OTT devices for live and on-demand content, with monetization features such as dynamic ad insertion, personalization, and subscription-based access. The company supports pay TV and cloud architectures that enable legacy Cable QAM and IPTV to multiscreen NGTV solutions on managed and unmanaged networks, as well as TV Everywhere, managed broadcast operations, and LTE broadcast support services. QuickPlay serves customers worldwide and operates a platform designed to deliver scalable, secure multiscreen entertainment experiences. It was founded in 2004 and is headquartered in Toronto.

iWeb Technologies is a prominent Canadian provider of internet hosting infrastructure services, headquartered in Montreal. The company specializes in advanced hosting solutions, including shared hosting, unmanaged and managed dedicated servers, and colocation services. Operating three data centers, iWeb offers high-speed global connectivity through ISP peering and partnerships with tier one providers. Its services cater to businesses of all sizes and types, delivering support in English, French, and Spanish to customers in over 135 countries worldwide. In addition to hosting, iWeb also provides private cloud and security services to enhance its clients' online presence and operational efficiency.

Hudbay is a Canadian integrated mining company engaged in the production of copper concentrate, molybdenum concentrate, and zinc metal. The company operates three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru. Additionally, Hudbay has copper projects in Arizona and Nevada, United States. The company's primary focus is on the discovery, production, and marketing of base and precious metals, with a significant portion of its revenue derived from copper operations. Hudbay markets its copper concentrates to smelters in Asia, America, and Europe, while zinc metal represents its second largest revenue source. The company is committed to responsible mining practices and aims to create sustainable value through the development and operation of high-quality mineral deposits, benefiting the regions and communities where it operates.

FNX Mining Company, Inc. was acquired by Quadra FNX Mining Ltd. FNX Mining Company Inc. engages in the exploration, development, and production of copper, nickel, cobalt, platinum, palladium, and gold at its mining properties located in the prolific Sudbury mining camp in Canada. The company primarily owns 100% interests in Sudbury Basin properties, which include McCreedy West, Levack, Podolsky, Kirkwood, and Victoria properties; and Aurora Properties that comprise Falconbridge Footwall, Foy Bowell and Canhorn, North Range and Rand, and Nickel Lake properties in Ontario. It also provides contract mining, mine shaft sinking, lateral mine development, mine construction, civil underground construction, raise boring, and Alimak raising services primarily in Canada and the United States