Canadian Undervalued Small Caps

ADENTRA

Market Cap: CA$739.0m

Engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States.

Alithya Group

Market Cap: CA$226.4m

Provides information technology services and solutions through digital technologies in Canada, the United States, and internationally.

Dexterra Group

Market Cap: CA$575.1m

Engages in the provision of support services for the creation, management, and operation of infrastructure in Canada.

Firan Technology Group

Market Cap: CA$288.7m

Manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, and China.

Trican Well Service

Market Cap: CA$964.9m

An equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.

Alvopetro Energy

Market Cap: CA$214.8m

Engages in the acquisition, exploration, development, and production of hydrocarbons in Brazil and Canada.

Orezone Gold

Market Cap: CA$612.8m

Engages in the mining, exploration, and development of gold properties.

Lassonde Industries

Market Cap: CA$1.5b

Develops, manufactures, and markets a range of ready-to-drink beverages, fruit-based snacks, frozen juice concentrates, and specialty food products in Canada, the United States, and internationally.

Bird Construction

Market Cap: CA$1.6b

Provides construction services in Canada.

Magellan Aerospace

Market Cap: CA$1.1b

Through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe.

Magna Mining

Market Cap: CA$367.4m

Engages in the acquisition, exploration, and development of mineral properties in Canada.

Pollard Banknote

Market Cap: CA$595.5m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Kolibri Global Energy

Market Cap: CA$319.0m

Engages in the exploration and exploitation of oil, gas, and clean and sustainable energy reserves in the United States.

Alphamin Resources

Market Cap: CA$1.1b

Engages in the production and sale of tin concentrate.

Spin Master

Market Cap: CA$2.4b

A children’s entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally.

Aurora Cannabis

Market Cap: CA$349.2m

Engages in the production, distribution, and sale of cannabis and cannabis-derivative products in Canada and internationally.

Savaria

Market Cap: CA$1.4b

Provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally.

First National Financial

Market Cap: CA$2.5b

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada.

Aris Mining

Market Cap: CA$1.7b

Engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana.

Green Thumb Industries

Market Cap: CA$1.7b

Manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States.

Badger Infrastructure Solutions

Market Cap: CA$1.7b

Provides non-destructive excavating and related services in Canada and the United States.