Cannabis Archives - Page 9 of 13

A worker pushes a cart of marijuana plants at the Canopy Growth facility at Smiths Falls, Ont. on Jan. 4, 2018. (File photo: Reuters/Chris Wattie)

More pain in store for Canadian marijuana companies

Aurora Cannabis, Tilray cut jobs

By Nichola Saminather February 8, 2020

Toronto | Reuters — Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed companies, Aurora Cannabis and Tilray announced cost reductions this week. Canada legalized recreational cannabis in October 2018 but profits have proven elusive for most marijuana […] Read more

File photo of a worker checking cannabis plants at a Tilray factory hothouse at Cantanhede, about 220 km north of Lisbon, on April 24, 2019. (Photo: Reuters/Rafael Marchante)

Crops, Reuters

Tilray, in cost reduction mode, cuts 10 per cent of workforce

By Nichola Saminather, GFM Network News February 5, 2020

Toronto | Reuters — Tilray Inc. has cut 10 per cent of its 1,443-strong workforce as part of a global restructuring effort to reduce costs, the cannabis producer said Tuesday. “By reducing headcount and cost, Tilray will be better positioned to achieve profitability and be one of the clear winners in the cannabis industry,” the […] Read more

A guest looks at their corn cob-themed tie signed by U.S. President Donald Trump during a signing ceremony for the Canada-U.S.-Mexico Agreement (CUSMA) on the South Lawn of the White House in Washington on Jan. 29, 2020. (Photo: Reuters/Leah Millis)

General, Markets, Reuters

Trump signs CUSMA pact

Canada's ratification still to come

By Andrea Shalal, Jeff Mason January 29, 2020

Washington | Reuters — President Donald Trump on Wednesday signed a new North American trade agreement during an outdoor ceremony at the White House attended by about 400 guests — but not the key Democrats who helped secure congressional passage of the deal. Trump, on trial in the U.S. Senate on charges of abusing power […] Read more

Crops, Markets, Reuters

Bargain hunters fire up rally in cannabis stocks

By David Randall January 25, 2020

New York | Reuters — Some cannabis stocks are seeing their prices surge as investors hunt for winners in the ashes of an industry shakeout that hammered share prices last year. Shares of Tilray Inc. and Canopy Growth Corp. have climbed more than 20 per cent since the start of the year, while Cronos Group […] Read more

Canada/U.S. border signage in downtown Detroit. (RiverNorthPhotography/Getty Images)

General, Markets, Reuters

Trudeau wants CUSMA deal ratified quickly

By Kelsey Johnson, Steve Scherer January 21, 2020

Winnipeg | Reuters — Canadian Prime Minister Justin Trudeau on Tuesday urged legislators to quickly approve a new continental trade pact but the main opposition party said it wanted to study the deal, indicating the ratification process could drag on. Canada is the only one of the three signatories not to have formally blessed the […] Read more

General, Markets, Reuters

U.S. Senate passes CUSMA trade deal

By Reuters January 16, 2020

Washington | Reuters — The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labour and automotive content but leaves US$1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged. The legislation for the U.S.-Mexico-Canada Agreement (CUSMA) passed on an 89-10 bipartisan vote, sending the […] Read more

Manitoba’s Liquor, Gaming and Cannabis Authority (LGCA) has been running billboards such as this one in Winnipeg to educate the public ahead of edibles’ entry to the recreational market. (Dave Bedard photo)

Crops, Reuters

Cannabis patients boost Aurora edible sales

By Nichola Saminather December 19, 2019

Toronto | Reuters — Aurora Cannabis this week became the first major Canadian company to sell edibles and vapes for medical use, a small base that nevertheless helps shore up margins and paves the way for sales in the much larger European medical market. Medical marijuana has been legal in Canada since 2001, and recreational […] Read more

Prime Minister Justin Trudeau speaks during Question Period in the House of Commons on Parliament Hill in Ottawa on Dec. 11, 2019. (Photo: Reuters/Blair Gable)

General, Markets, Reuters

Canada could be last to ratify CUSMA deal, Trudeau says

By Reuters December 17, 2019

Ottawa | Reuters — Canada could be the last of the three North American countries to ratify a new trade deal, Prime Minister Justin Trudeau said on Tuesday, indicating that his plan to match the U.S. timetable was set to fail. Trudeau’s Liberal government said from the start it wanted to work in tandem with […] Read more

Crops, Reuters

Constellation tightens grip on Canopy with CEO appointment

By Reuters, GFM Network News December 9, 2019

Reuters — Constellation Brands finance head David Klein will take over in January as CEO of pot producer Canopy Growth Corp., hardening up the Corona beer maker’s control of a company into which it has sunk US$4 billion. Klein was appointed Canopy chairman in October after Constellation booked a $430 million net loss related to […] Read more

General, Markets, Weather

Canadians to spend more on food in 2020, report predicts

By MarketsFarm Team, GFM Network News December 4, 2019

MarketsFarm — Canadians will spend two to four per cent more on food in 2020, according to the latest Canada Food Price Report from researchers at Dalhousie University’s Agri-Food Analytics Lab and the University of Guelph. The average family in the country will see its total food bill for groceries and restaurant meals rise by […] Read more

New Quebec ag minister named in shuffle

U.S. livestock: Cattle futures fall on expectations of US agriculture secretary announcement

Agrichemicals firm Corteva explores splitting seed and pesticide units, WSJ reports

Daily Network News

New Quebec ag minister named in shuffle

U.S. livestock: Cattle futures fall on expectations of US agriculture secretary announcement

Agrichemicals firm Corteva explores splitting seed and pesticide units, WSJ reports

Cannabis

More pain in store for Canadian marijuana companies

Tilray, in cost reduction mode, cuts 10 per cent of workforce

Trump signs CUSMA pact

Bargain hunters fire up rally in cannabis stocks

Trudeau wants CUSMA deal ratified quickly

U.S. Senate passes CUSMA trade deal

Cannabis patients boost Aurora edible sales

Canada could be last to ratify CUSMA deal, Trudeau says

Constellation tightens grip on Canopy with CEO appointment

Canadians to spend more on food in 2020, report predicts

Canadian Cattlemen Presents: Depth of Field

Blogs

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