Cormark Securities
200 Bay Street, Suite 1800, Toronto, Ontario, M5J 2J2, Canada
Overview
Established in 1981 as Sprott Securities, Cormark has evolved into an industry leader recognized for its knowledge and commitment to the mid-cap and emerging growth market. They have been rated Canada’s #1 small/mid cap brokerage firm by institutional investors for five of the last seven years, as compiled by Brendan Wood International. While the origins of the firm date back over 25 years, the current firm began to take shape when the employees purchased the business in two tranches during 2000 and 2002. While a number of the 12 principal members of the original buyout group have since gone on to do other things, they are proud to have a total of 36 partners and 102 shareholders in the business today. The employees of Cormark recognize that it is a privilege to work in the capital markets. They are dedicated to enhancing the reputation of our firm and the industry within which it works through our interactions with their clients, competitors and the investing public. This is accomplished through the strict adherence to their business principles, as well as both the spirit and letter of all applicable securities regulations. As a private employee-owned firm, they guard their unique culture carefully as they continue to grow their business. They instill and foster a discipline of teamwork to provide their clients with original ideas along with seamless execution. They are dedicated to their core values and their core beliefs and to delivering their strategic imperatives. This will enable them to achieve their vision - To partner with their clients to achieve their capital market objectives.
- Total investments
- 6
- Lead investments
- 3
- Investments · 12mo
- 1
- Active investors
- 5
Investment portfolio
- Kodiak Copper
Participated · Equity · Sep 2025
Kodiak Copper is a Vancouver-headquartered explorer focused on discovering and developing large-scale copper-gold porphyry deposits in North America. Its flagship MPD project in British Columbia is the primary beneficiary of current exploration spending, with a maiden resource estimate slated as the next major milestone. Additional funds are earmarked for follow-up work at projects in Arizona, underscoring the company’s broader continental footprint. Kodiak does not yet produce revenue; its valuation hinges on successful drilling, resource delineation and eventual project development. Management recently strengthened the balance sheet with an US$8 million private placement to support these objectives. The raise used charity flow-through and common equity structures to maximize tax efficiency for Canadian exploration expenditures. CEO Claudia Tornquist notes that the financing provides the runway to accelerate drilling, metallurgical studies and other technical programs while acknowledging the inherent risks of early-stage mineral exploration.
- Meridian Mining
Participated · Equity · Aug 2025
Meridian Mining UK Societas focuses on advancing the Cabaçal Au–Cu project, Santa Helena and exploration across the Cabaçal VMS belt in Minas Gerais, Brazil. The company completed a private placement that generated gross proceeds of CAD 50 million by selling over 64 million common shares at CAD 0.78 per share. The financing was co‑led by Stifel Canada, BMO Capital Markets and Beacon Securities, with support from SCP Resource Finance, Cormark Securities and Raymond James. An insider purchased over 7 million shares in the offering; that related‑party transaction was exempt from certain regulatory requirements as it fell below prescribed thresholds. Proceeds will fund the ongoing feasibility study for the Cabaçal Au–Cu project, advance development of Santa Helena and support exploration programs in the VMS belt. Planned actions remain subject to final approval by the Toronto Stock Exchange; CEO Gilbert Clark said shareholder support leaves the company well positioned to reach key milestones.
- Rivalry
Led · Equity · Jun 2021
Rivalry is a Canadian esports and sports betting operator that recently expanded into online casino with its Casino.exe product. The platform lets customers wager on esports matches, traditional sports events, and now casino content, a move management believes will diversify revenue and lessen seasonality tied to esports. In its most recent Q1 results, the company reported rising revenue while trimming operating expenses by 58% following an extensive cost-cutting program. Rivalry’s share price, however, slid from C$1.76 in September 2023 to just over C$0.03 since May, increasing pressure on the balance sheet. To improve its financial position, the firm negotiated a conversion of C$12.5 million in debt into 250.5 million new shares. Management describes the current financing and debt restructuring as the beginning of “Rivalry’s next chapter,” and plans to direct new capital toward corporate development initiatives and working capital.
- QYOU Media
Led · Equity · Sep 2015
The QYOU curates and programs short-form, made-for-web internet video for subscription service operators across linear, mobile, broadband and video-on-demand. Its product is a multiscreen channel and content offering distributed to operators from traditional cable and satellite to IPTV, OTT and mobile. The company is available in more than 30 countries across Europe, the Middle East and Africa and reaches almost 5 million subscribers. The QYOU completed a new equity financing of CDN$10.4M and has raised CDN$14.7M (US$11M) since its founding in 2013. Management says the new capital will support expansion of its multiscreen product ecosystem, distribution alliances and international marketing. The company is headquartered in Dublin, Ireland and was founded by industry veterans Scott Ehrlich, Curt Marvis, Les Garland and G. Scott Paterson.
- vogogo
Led · Equity · Aug 2014
Vogogo operates a custom payments platform that combines cryptocurrency acceptance (notably Bitcoin) with credit-card and other currency processing for large web-based businesses. The company leverages cross-border payments expertise to simplify multi-currency and crypto settlement for customers. Over the past 10 months Vogogo processed about $75 million in payments and is currently handling $6–10 million in crypto payments per month. The team has been operating for roughly 13 years from its Calgary headquarters. Vogogo plans to scale its platform internationally, beginning with a U.S. rollout and subsequent expansion into the EU. Management says the product will be adjusted to scale services and to improve interoperability with banks to help legitimize bitcoin in payments.