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Adelaide Capital

Adelaide Capital is a full-service Investor Relations firm that brings to the table a unique and powerful perspective and a re-engineered IR business model.

Our extensive capital markets experience allows us to go deeper, strategically assessing each client company and tailoring a plan that charts the best path to success.Adelaide Capital is a full-service Investor Relations firm that brings to the table a unique and powerful perspective and a re-engineered IR business model.


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Specializing in small and mid-cap companies, our offering is enhanced by a truly formidable factor - our personal connection to a sizeable and valuable network of investors throughout North America and around the world.


Deborah Honig

Deborah Honig is a capital markets specialist with more than 15 years' experience dealing with institutional, retail, and high net worth clients. Prior to founding Adelaide Capital Markets, she worked as an institutional equity salesperson at full-service investment banks in Toronto for 9 years. She has been involved in more than $1 billion of capital raises over the course of her career, with a focus on small-cap growth companies in mining, healthcare, technology, oil and gas, industrials and special situations.

Victoria Rutherford

Victoria brings 10+ years of capital markets sell side experience and relationships to Adelaide Capital. Prior to joining Adelaide, Victoria worked in equity sales for 9 years with Marquarie Group, and National Bank Financial. During this time, Victoria sold Canadian equity ideas, company research, and new equity financing into her network of Canadian & US institutions. Victoria has helped companies formulate their message and investor presentation, routinely provided corporates with detailed investor feedback & trading colour and helped to source blocks.

Tina Byers

As a former buy-side Portfolio Manager, Tina brings more than 10 years of expertise in small-cap investing to Adelaide. Her career began at a reputable New York hedge fund, where she created financial models of resource development projects. After joining AlphaNorth Asset Management, a Canadian fund focused on small- and micro-cap Canadian equities, she broadened her investment skillset and network to the technology, biotech, and healthcare sectors. Tina’s responsibilities included generating investment ideas, conducting sector analysis, assessing the macro environment, and strategizing with issuers to create value and optimize performance.

Jayson Moss

Jayson Moss contributes more than 15 years of capital markets experience. Before joining Adelaide, for 8 years he worked with a Canadian subsidiary of a global investment manager. There his in-depth research into multiple and diverse industry sectors was key in identifying attractive investments to include in large-capitalization Canadian and U.S. equity mandates totaling $20 billion in assets. During the 7 years previous, he served as an Equity Research Analyst and Director of Equity Research for a broker dealer. Jayson holds a Bachelor of Commerce in Finance from the University of Alberta, a Diploma of Technology, Marketing Management in Commercial Real Estate from the British Columbia Institute of Technology, and the Chartered Financial Analyst designation from the CFA Institute. In 2014, 2015, 2016, 2017, 2018, and 2019, he was the recipient of the Brendan Wood International TopGun Investment Minds Canada Award.

Baaba Hughes

How we show up online matters more than ever before and Baaba brings a wealth of digital marketing knowledge to Adelaide Capital. Before joining Adelaide, Baaba worked for one of Canada’s largest multinational banks and branched into cryptocurrency working with Canadian fintech companies in that space. With 9 years of social media management experience—creating content, developing national ad campaigns, streamlining design and working closely with stakeholders to ensure brand consistency—Baaba has developed social media methodologies that enable companies to showcase their brand in the best ways possible. A graduate of the New Jersey Institute of Technology, she holds a Bachelor in Mass Communications and Marketing.


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