Cannabis Archives | Canadian Cattlemen

New Brunswick returns ag minister, ag critic in election

Liberals' former ag minister among casualties

New Brunswick’s incumbent agriculture minister and opposition ag critic are among those returning to the legislative assembly as the provincial Tories locked in a governing majority. As of 9 p.m. CT Monday, incumbent Premier Blaine Higgs’ Progressive Conservatives, who went into the vote with a 22-seat minority government, were elected in 27 of 49 ridings. […] Read more

General, Reuters, Weather

La Nina present, 75 per cent chance seen through 2020 winter

By Reuters, GFM Network News September 10, 2020

Reuters — La Nina conditions were present in August, and have a 75 per cent chance of continuing through the Northern Hemisphere winter of 2020-21, a U.S. government weather forecaster said on Thursday. The La Nina pattern is characterized by unusually cold temperatures in the equatorial Pacific Ocean. A borderline moderate La Nina event is […] Read more

Crops

Canadian cannabis retailers poised to merge

High Tide, Meta Growth to create biggest weed retailer

By Dave Bedard, GFM Network News August 22, 2020

Two major Canadian cannabis sellers are poised to create the largest pot retailer in the country by revenue. Calgary retailer High Tide Inc., which operates the Canna Cabana chain of stores in three provinces, announced a merger deal Friday to take up Toronto-based Meta Growth Corp., which runs the Meta Cannabis and NewLeaf Cannabis chains. […] Read more

Crops, Markets, Reuters

Cannabis industry readies for M+A after COVID-19 boosts weed demand

Companies betting on U.S. market growth after election

By Shariq Khan, GFM Network News August 11, 2020

Reuters — After nearly a year of next-to-no dealmaking, cannabis companies are gearing up for mergers and acquisitions (M+A) as realistic stock valuations and the prospect of U.S. legalization attract buyers to a sector that has been decimated by oversupply and other issues, executives and investors say. Profitable cannabis companies want to buy their way […] Read more

General, Reuters

Feds proposing to expand wage subsidy program

By Reuters, GFM Network News July 18, 2020

Ottawa | Reuters — The Canadian government wants to expand an emergency wage subsidy program so that all businesses suffering losses from the COVID-19 outbreak will benefit, Finance Minister Bill Morneau said on Friday. Morneau told a news conference that Ottawa would drop an earlier requirement stipulating that businesses needed to show a 30 per […] Read more

General, Markets, Reuters

Non-essential travel limits extended at U.S. borders with Canada, Mexico

By David Shepardson, Steve Scherer, GFM Network News July 16, 2020

Washington/Ottawa | Reuters — Restrictions on non-essential travel at U.S. land borders with Canada and Mexico will be extended through Aug. 21, Canada and the United States announced Thursday. “Canada and the United States have agreed to extend the current border measures by one month until Aug. 21, and we’re going to keep working closely […] Read more

Crops, Markets

Aurora Cannabis to shut five Canadian grows

Closures mean layoffs for 30 per cent of firm's production staff

By Dave Bedard, GFM Network News June 23, 2020

Edmonton marijuana producer Aurora Cannabis is poised to close five of its grow sites across Canada and lay off almost a third of its production workforce. The company on Tuesday announced next steps in the “business transformation plan” it launched in February to “better align the business financially with the current realities of the cannabis […] Read more

General, Markets, Reuters

Tam concerned over alcohol, junk food use during pandemic

By David Ljunggren, GFM Network News June 8, 2020

Ottawa | Reuters — Canada’s top health officer on Sunday expressed concern over higher consumption of alcohol and junk food during the coronavirus epidemic, suggesting this could be a sign of worsening mental health. The total number of Canadians killed by the coronavirus edged up by 0.9 per cent to 7,773 from 7,703 on Saturday, […] Read more

General, Markets

Legalization lifts Canada’s net farm income in 2019

Livestock receipts up, unsmokeable crop receipts lower

By Dave Bedard, GFM Network News May 27, 2020

A significant year-over-year increase Canada booked last year in realized net farm income rests mainly on 2019’s status as the country’s first full year in the recreational cannabis market. Statistics Canada on Tuesday released full-year data on farm income, pegging Canada’s realized net farm income for 2019 at $4.9 billion — a 10.4 per cent […] Read more

General, Markets, Reuters, Weather

EU plans to halve pesticide use, expand organic farming

By Marine Strauss, Kate Abnett, GFM Network News May 23, 2020

Brussels | Reuters — The European Commission said on Wednesday it planned to increase organic farming and cut agricultural chemical use to protect the environment, proposals welcomed by green groups but which farmers said would make them less flexible. Agriculture is a contributor to climate change – producing around 10 per cent of EU greenhouse […] Read more

Prairies can expect far better harvest weather this fall

Funds’ net long keeps growing in canola

U.S. grains: Soy extends climb, wheat jumps

GFM Network News