Canadian Potentially Undervalued Small Caps

ROK Resources

Market Cap: CA$56.6m

Operates as an independent oil and gas company in Canada.

NTG Clarity Networks

Market Cap: CA$47.4m

Provides network, telecom, IT, and infrastructure solutions to medium and large network service providers in Canada, North America, Iraq, Saudi Arabia, Egypt, and Oman.

illumin Holdings

Market Cap: CA$40.4m

A technology company, provides digital media solutions in Canada, the United States, Europe, Latin America, and internationally.

Decibel Cannabis

Market Cap: CA$72.1m

An integrated cannabis company, engages in the cannabis cultivation in Canada.

BQE Water

Market Cap: CA$83.1m

A water treatment company, provides wastewater management services and treatment solutions to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally.

Tribe Property Technologies

Market Cap: CA$12.0m

Provides technology-enabled property management services.

Diamond Estates Wines & Spirits

Market Cap: CA$11.2m

Produces, markets, distributes, and sells wines in Canada.

Delivra Health Brands

Market Cap: CA$4.7m

Through its subsidiaries, engages in the health and wellness consumer packaged goods business worldwide.

Zoomd Technologies

Market Cap: CA$88.7m

Operates as a marketing technology user-acquisition and engagement platform worldwide.

Medicure

Market Cap: CA$11.7m

A biopharmaceutical company, engages in the research, development, and commercialization of human therapies in the United States.

Delota

Market Cap: CA$1.9m

Engages in the retail of various cannabis products in Canada.

Herbal Dispatch

Market Cap: CA$5.6m

Owns and operates cannabis e-commerce platforms in Canada and the United States.

Rocky Mountain Liquor

Market Cap: CA$4.5m

Through its subsidiary, Andersons Liquor Inc., owns and operates liquor stores in Canada.

Dynasty Gold

Market Cap: CA$11.5m

An exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the United States and Canada.

Coloured Ties Capital

Market Cap: CA$6.1m

A venture capital firm specializing in startups and early stage investments.

FP Newspapers

Market Cap: CA$4.7m

FP Newspapers Inc. publishes, prints, and distributes daily and weekly newspapers, and specialty publications in Manitoba.

SOL Global Investments

Market Cap: CA$1.3m

A private equity firm specializing in emerging growth.

Corsa Coal

Market Cap: CA$22.8m

Corsa Coal Corp. mines, processes, and sells metallurgical coal in the Asia, North America, South America, and Europe.

Pathfinder Ventures

Market Cap: CA$2.0m

Provides short- and long-term accommodation services in Canada.

Canso Select Opportunities

Market Cap: CA$23.2m

A publicly owned hedge fund manager.

Bri-Chem

Market Cap: CA$6.6m

Engages in the wholesale distribution of oilfield chemicals for the oil and gas industry in North America.

Matachewan Consolidated Mines

Market Cap: CA$4.2m

Invests in mineral properties in Canada.

NeuPath Health

Market Cap: CA$27.6m

Provides chronic pain management services in Canada.

Avant Brands

Market Cap: CA$10.1m

Avant Brands Inc. cultivates, produces, markets, and sells cannabis products in Canada.

Montero Mining and Exploration

Market Cap: CA$5.2m

Engages in the identification, evaluation, acquisition, exploration, and development of mineral properties in Chile.

NamSys

Market Cap: CA$31.7m

Provides software solutions for currency management and processing for the banking and merchant industries in North America.

Pivotree

Market Cap: CA$43.7m

Designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers worldwide.

VerticalScope Holdings

Market Cap: CA$62.9m

A technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, Australia, and internationally.

Vitreous Glass

Market Cap: CA$40.4m

Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Canada.

Jura Energy

Market Cap: CA$2.4m

Engages in the exploration, extraction, and production of oil and natural gas properties in Pakistan and Canada.

DATA Communications Management

Market Cap: CA$89.6m

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

Transition Metals

Market Cap: CA$6.6m

Engages in the acquisition and exploration of mineral properties in Canada and the United States.

Metalore Resources

Market Cap: CA$4.3m

A junior resource company, engages in the natural gas production and gold exploration in Canada.

IC Group Holdings

Market Cap: CA$22.7m

A marketing services technology company, provides promotional marketing services for Fortune 500 brands.

Mackenzie Master Limited Partnership

Market Cap: CA$3.0m

Mackenzie Master Limited Partnership pays selling commissions to financial advisors who sell redemption charge securities of Mackenzie mutual funds for specific periods.

Canaf Investments

Market Cap: CA$15.7m

Owns and operates a coal processing business in South Africa.