Canada Daily Briefing

HPS (TSX: HPS.A) completed the acquisition of AEG Power Solutions for approximately CAD $365 million after receiving all required regulatory approvals. The combined entity now covers the full AC-to-DC power conversion stack — HPS transformers plus AEG inverters, UPS, and rectifiers — creating a stronger competitor in data centre and grid modernisation procurement. Integration costs and AEG revenue contribution in the next quarterly disclosure are the key metrics to watch for the M&A thesis validation.

Tilray Brands (NASDAQ/TSX: TLRY) acquired HelloMD Corporation to strengthen its medical cannabis patient access and digital healthcare capabilities in Canada. HelloMD's physician-to-patient consultation platform reduces Tilray's patient acquisition costs versus traditional referral channels, and the combined entity creates a fully vertically integrated framework from cultivation to dispensing to patient management. Germany's growing medical cannabis market is the key international lever — watch whether Tilray adapts HelloMD's digital model for the European regulatory environment.

BlackBerry surged 9.47% to $12.48 with above-average volume and no single announced catalyst in the live news feed, suggesting the move reflects an institutional re-rating of its cybersecurity (QNX / Cylance) division as government AI-security contract flow continues. For TSX tech investors, BB's move is the most interesting single-session signal: the pure-play cybersecurity thesis, distinct from the hardware history, appears to be gaining traction with a new investor cohort.