Canadian Potentially Undervalued Companies

4Front Ventures

Market Cap: CA$4.6m

Engages in cultivating, processing, manufacturing, and sale of cannabis products in the United States.

ATCO

Market Cap: CA$5.7b

Engages in the energy, logistics and transportation, shelter, and real estate services in Canada, Australia, and internationally.

AKITA Drilling

Market Cap: CA$87.3m

Operates as an oil and gas drilling contractor in Canada and the United States.

Banco Bilbao Vizcaya Argentaria

Market Cap: CA$94.5b

Provides retail banking, wholesale banking, and asset management services primarily in Spain, Mexico, Turkey, South America, rest of Europe, the United States, and Asia.

TILT Holdings

Market Cap: CA$2.0m

Provides various cannabis products and services in the United States, Canada, and internationally.

Salesforce

Market Cap: CA$228.8b

Provides customer relationship management (CRM) technology that connects companies and customers together worldwide.

Amaroq

Market Cap: CA$667.5m

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

Vox Royalty

Market Cap: CA$381.4m

Operates as a mining royalty company.

Berkshire Hathaway

Market Cap: CA$1.1t

Through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses.

BTB Real Estate Investment Trust

Market Cap: CA$348.7m

BTB is a real estate investment trust listed on the Toronto Stock Exchange.

Orbit Garant Drilling

Market Cap: CA$66.4m

Provides mineral drilling services in Canada, the United States, Central and South America, and West Africa.

West Fraser Timber

Market Cap: CA$7.5b

A diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy.

Taiga Building Products

Market Cap: CA$381.0m

Operates as a wholesale distributor of building products in Canada and the United States.

Bank of America

Market Cap: CA$375.1b

Through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.

Mercedes-Benz Group

Market Cap: CA$53.3b

Operates as an automotive company in Germany and internationally.

True North Commercial Real Estate Investment Trust

Market Cap: CA$133.8m

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario.

IGM Financial

Market Cap: CA$12.1b

Engages in the asset management business in Canada.

AKITA Drilling

Market Cap: CA$87.3m

Operates as an oil and gas drilling contractor in Canada and the United States.

Dream Industrial Real Estate Investment Trust

Market Cap: CA$3.7b

Dream Industrial REIT is an owner, manager and operator of a global portfolio of well-located, diversified industrial properties.

Trulieve Cannabis

Market Cap: CA$2.3b

Operates as a cannabis retailer.

Ravelin Properties REIT

Market Cap: CA$34.8m

An unincorporated, open-ended real estate investment trust governed by the laws of the Province of Ontario pursuant to an amended and restated Declaration of Trust dated as of December 31, 2024, as it may be further amended, supplemented or amended and restated from time to time (the "Declaration of Trust").

DATA Communications Management

Market Cap: CA$76.1m

Provides print and digital solution to simplify complex marketing communication and operations workflows in the United States and Canada.

Olympia Financial Group

Market Cap: CA$291.2m

Through its subsidiary, Olympia Trust Company, operates as a non-deposit taking trust company in Canada.

Plaza Retail REIT

Market Cap: CA$467.6m

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada.

Plata Latina Minerals

Market Cap: CA$10.3m

Engages in the exploration and evaluation of mineral resources properties in Mexico.

Medical Facilities

Market Cap: CA$267.5m

Through its subsidiaries, owns and operates specialty surgical hospitals and ambulatory surgery center in the United States.

Brookfield Infrastructure

Market Cap: CA$5.1b

Owns and operates utility investments in Brazil, the United Kingdom, and internationally.

SmartCentres Real Estate Investment Trust

Market Cap: CA$4.6b

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 197 strategically located properties in communities across the country.

Firm Capital Property Trust

Market Cap: CA$221.9m

Firm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing to achieve stable distributable income.

Majestic Gold

Market Cap: CA$182.5m

A mining company, focuses on exploration, development, and operation of mining properties in China.

Green Rise Foods

Market Cap: CA$18.1m

Green Rise Foods Inc. grows and sells greenhouse grown fresh produce in North America.

FireFly Metals

Market Cap: CA$870.4m

Engages in the exploration and evaluation of mineral deposits in Australia and Canada.

Kodiak Copper

Market Cap: CA$71.3m

Engages in the exploration and development of base metals properties in North America.

Intouch Insight

Market Cap: CA$8.7m

Provides customer experience management products and software solutions in Canada, the United States, and internationally.

Voltage Metals

Market Cap: CA$1.7m

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

Quizam Media

Market Cap: CA$2.6m

Engages in the cannabis retail business in Canada.