Small caps to watch: MTY Food Group earnings and Organigram's German acquisition

Canada's S&P/TSX Small Cap Index is up about 64% over the past 52 weeks, and MTY Food Group reported Q4 revenue of $305.4 million and returned to profit.

Canada's small-cap market has drawn attention after an extended run and a wave of company reports and deals. The S&P/TSX Small Cap Index has risen notably over the past year, and several smaller issuers released quarterly results or announced transactions that affect their market profiles. MTY Food Group reported higher revenue and moved back to profitability in its latest quarter. Organigram announced it will buy the remaining stake in Germany's Sanity Group as part of its European expansion. Key developments: - The S&P/TSX Small Cap Index is up about 64 per cent over the past 52 weeks and hit a record of 1,413.69 on Jan. 29, while the U.S. Russell 2000 is up about 16 per cent over the same span. - MTY Food Group reported Q4 revenue of $305.4 million, adjusted EBITDA of $87.7 million, and net income of $32.1 million after a prior-year loss; same-store sales were down 1.7 per cent for the quarter and the company had 7,080 locations at quarter end. - Organigram said it will buy the remaining stake in Germany's Sanity Group for €113.4 million upfront plus up to €113.8 million in earnouts, with financing to include cash, a new credit facility and a €65.2-million equity investment by British American Tobacco; upfront Organigram shares are expected to be priced at $3 (Canadian) each. - Northern Dynasty Minerals saw its stock fall after the U.S. Department of Justice filed a brief related to a veto on the proposed Pebble mine in Alaska; the company said it is reviewing the filing with legal counsel. - Sherritt International said it will scale back operations at its Moa nickel mine in Cuba and expects to halt mining and put its processing plant on standby within the next week because of an oil blockade; the company said it has enough inventory to supply its Fort Saskatchewan refinery until mid-April. Summary: These developments reflect mixed results across small-cap issuers, with some companies reporting stronger profitability and others facing operational or legal challenges. Several transactions and reviews remain in progress, and companies reported specific next steps such as financing plans, legal reviews, or operational adjustments as noted above.