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Small-Cap Market Roundup: MDA Space and Telesat Surge on Major Satellite Deal
Electronic Technology · Aerospace & Defense · globe_inside_market · 2026-08-04
MDA, TSAT, HITI, AIF, VNP, FOOD, CHR, MHC, KXS, DBM, PRL, XNDU, THNC, BOS, KITS, GLXY, PZA, ACB, SIS, DII, SII, NFI, EFX, IFP, CAS, PLZ, RSI, CRON, PRN, TSND, PBH, GSY, AD, DR, VHI, GUD, SPB, DCBO, TRUL, SGR, DHT, FSZ, CJT, SVM, ALS, NEO, PSI, MI, BTB, CGX, PET, HMMC, WPRT, CPH, OGI, MFI, WEF, HOM, ACQ, NOA, AAWH, SFC, HLS, TOT, PBL, BDT, APR, TNT, RFA, PRV, CGY, BPF, QTRH, XLY, BOIL, CSW, EQB
A roundup of small-cap market activity featuring a major satellite contract for MDA Space and Telesat, alongside earnings updates from High Tide and 5N Plus.
What Happened
Satellite Industry Expansion: MDA Space Ltd. shares climbed after securing a contract to supply additional satellites for the Telesat Lightspeed constellation. Telesat also announced a record $2.3-billion contract with the Canadian government to provide secure military satellite connectivity to the Arctic.
Cannabis Sector Performance: High Tide Inc. reported strong preliminary results for its third fiscal quarter, projecting record revenue and adjusted EBITDA. The company expects to exceed analyst forecasts, signaling robust growth and operational leverage within its global retail platform.
Corporate Divestitures and Strategy: Altus Group Ltd. reached an agreement to sell its development advisory business to an affiliate of Newmark Group, Inc. This move aligns with Altus's strategic goal to simplify its operations and transition into a more focused AI-enabled commercial real estate software company.
Semiconductor and Leadership Updates: 5N Plus Inc. shares declined following mixed quarterly results that showed revenue growth but slight misses on EBITDA and a reduction in backlog. Additionally, Goodfood Market Corp. announced a leadership transition, with Najib Maalouf stepping in as the new CEO effective August 3.