May 13, 2025

Canadian Small-Cap Market Highlights – May 13, 2025

Square graphic with the text “Canadian Small-Cap Market Highlights – May 13, 2025” in bold off-white and lime green on a navy blue background.

Tracking today’s biggest moves across the CSE, TSX.V, NEO, and T


🏭 Industrial & Technology

P2P Group announced that its Inturai AI-based tracking system has achieved accuracy levels rivaling premium Bluetooth trackers, all at a significantly lower cost. This breakthrough in affordable asset tracking could position the company as a disruptive force in the logistics and IoT sectors.

Investor Takeaway:
Tech-savvy investors should watch for broader market adoption or partnerships. If commercialized effectively, P2P’s tracking tech could drive rapid revenue growth and establish a strong competitive edge.


🧪 Biotech & Pharmaceuticals

Valeo Pharma reported revenue of $13.5 million for the quarter ending January 2025, signaling solid performance across its drug portfolio. The company continues to expand both retail and institutional demand for its specialty pharmaceuticals.

Investor Takeaway:
Consistent revenue growth indicates Valeo may be maturing into a stable mid-cap over time. Investors seeking exposure to Canadian healthcare innovation could find long-term value here.


💰 Financing & Capital Markets

CubicFarm Systems Corp. (TSX.V: CUB) completed a non-brokered private placement, raising approximately $2.06 million through the issuance of over 10.2 million shares at $0.20 each. Each unit includes a warrant exercisable at $0.25 over two years, enhancing potential upside for early participants.

Investor Takeaway:
This financing reflects continued investor interest in ag-tech and controlled-environment agriculture. However, dilution risk should be weighed against the company’s progress toward profitability.


DelphX Capital Markets Inc. (TSX.V: DELX) secured $160,200 through a non-brokered private placement at $0.12 per share, with warrants exercisable at $0.20 for five years. The funding is aimed at supporting continued development of its proprietary risk mitigation tools for the fixed income market.

Investor Takeaway:
Though modest in size, this raise suggests niche investor confidence in DelphX’s fintech offerings. Long-term potential hinges on adoption of its bond market solutions.


DLP Resources Inc. (TSX.V: DLP) closed a $1.36 million financing by issuing over 6.48 million shares at $0.21 each, along with two-year warrants at $0.40. Funds are expected to support exploration work, particularly in the company’s promising base metals projects.

Investor Takeaway:
Resource investors may view this as a sign of strong internal confidence and renewed activity. Upcoming drill results will likely be the next catalyst.


Honey Badger Silver Inc. (TSX.V: TUF) raised $1 million through a mixed private placement, including flow-through and non-flow-through shares. Warrants attached to the offering are exercisable at $0.18 for three years, reflecting investor interest in early-stage silver exploration.

Investor Takeaway:
Flow-through structures appeal to tax-conscious Canadian investors, and the financing suggests steady institutional support. Those bullish on silver may find speculative opportunity here.


🏗️ Corporate Developments

Decisive Dividend Corporation (TSX.V: DE) announced a normal course issuer bid (NCIB) to repurchase up to 985,552 common shares over the next 12 months. The move reflects management’s belief that the current share price does not fully reflect the company’s intrinsic value.

Investor Takeaway:
Share buybacks often signal undervaluation. Decisive’s NCIB suggests management is confident in its financial position—something that long-term investors may interpret as bullish.


MiniLuxe Holding Corp. (TSX.V: MNLX) completed a USD $5.07 million private placement at USD $0.55 per share and also settled USD $1.06 million in debt by issuing shares at USD $0.46. This dual move strengthens the balance sheet and supports operational expansion in the personal care space.

Investor Takeaway:
MiniLuxe is clearly focusing on financial health and growth scalability. For investors seeking exposure to consumer wellness brands with a clean cap structure, this could be a stock to watch.


As today’s developments show, Canada’s small-cap landscape remains rich with innovation, resilience, and opportunity. Whether it’s a niche tech breakthrough, an under-the-radar resource play, or a balance sheet reshuffle, each move presents a potential signal for savvy investors. Staying updated with these fast-moving companies can reveal hidden gems—and today brought plenty of them.