Weekly Update #18 - Week Ending 06/07/26
$RMCF, $IFA.TO, $NURS.V, $BOSC, $PYYX
Highlights
IFA.TO (Share Offering): Just closed a C$28M share offering. Strong net cash balance sheet positions Ifabric for growth.
RMCF (Quarterly Results): Disappointing Quarterly Results, this is the second managment team that attempts to turn around the business.
The following will cover stocks that are either in our microcap quality indexes (MSMqi) or in our research journal (stocks that don’t quite qualify to be in the MSMqi, but might be close).
Studs (Positive News)
No Studs this week
Duds (Negative News)
1)RMCF | Producer & Franchiser of Premium Chocolates
Quarterly Results
RMCF posted Q4 2025 revenue of $6.8M vs $8.9M in the prior year and a loss per share of $(0.38) vs $(0.37) in the prior year.
We have been following RMCF for some time, and although it seemed like they were making progress in turning around the business in the last few quarters, it appears that they hit a bump in this quarter.
According to RMCF
“The decrease in revenue primarily reflects the underperformance of the Company’s packaged boxed assortment business, the deliberate reduction of certain low- or negative-margin Specialty Markets business, and select temporary items during the quarter.”
As a reminder, two previous management teams attempted to turn around RMCF, but ultimately failed.
Note: Stock is in our Microcap Quality Index
On Our Radar (Mixed News)
1) IFA.TO | Textile Technology Products Developer
Share Offering
We’ve already highlighted Ifabric multiple times, and now we’re highlighting them again because they just closed a C$28M bought deal at C$3.70 per share, comprised of a C$23 million treasury portion of 6,216,900 new shares (overallotment fully exercised) for working capital, plus a C$5 million secondary sale of 1,352,000 existing shares by insiders Hylton and Susan Karon. That lifts the share count from about 30.3M to roughly 37.0M shares.