Organic Growth

VIQ Solutions (VQSSF) closed the second tranche of an upsized private placement on November 5, 2025, raising approximately C$585,000. The company issued 3,146,063 units at C$0.186 per unit, each including a share and a warrant exercisable at C$0.190 until 2030. Total proceeds from the placement exceed C$3.0 million. Proceeds will fund technology innovations, organic growth, acquisitions, and restructuring. The issuance of new units will cause some share dilution.

Auxly Cannabis Group Inc. has fully repaid its $5 million inventory loan to GrassHopper Capital Inc. using existing cash reserves. This move is projected to save approximately $900,000 in annual interest expenses and reflects a strategic focus on financial discipline. The repayment allows for greater capital allocation flexibility, potentially freeing up resources for future organic growth investments. CEO Hugo Alves cited growing profitability and a stable cost base driving free cash flow as reasons for prioritizing debt reduction.

Ermenegildo Zegna N.V. reported a 2.3% YoY decrease in revenue for 9M 2025, totaling €1,325.9 million. Q3 2025 revenues, however, grew slightly by 0.2% YoY to €398.2 million, with a 3.6% organic increase. DTC channel sales rose 4.5% YoY (9.1% organic), while wholesale declined. Zegna brand led the growth, with Thom Browne experiencing a decline. The Americas region showed strong organic growth. The company anticipates a challenging environment due to consumer demand and currency fluctuations.