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Canadian cannabis retailers poised to merge

High Tide, Meta Growth to create biggest weed retailer

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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

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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, Machinery, Markets, Reuters

CUSMA pact takes effect under cloud of disputes, COVID-19

Deal appears to assure continuity of trade for agriculture

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Washington/Mexico City/Ottawa | Reuters — A modernized U.S.-Mexico-Canada trade pact took effect on Wednesday, ensuring continuity for manufacturers and agriculture, but the threat of disputes is exposing cracks in what was meant to be a stronger North American fortress of competitiveness. As the deal kicks in, the Trump administration is threatening Canada with new aluminum […] Read more
Crops, Markets

Aurora Cannabis to shut five Canadian grows

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

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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
Crops

National seeds sector groups put merger plan to vote

New organization, if approved, would be called Seeds Canada

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Members of five national seed sector organizations are set to vote this summer on their proposed amalgamation under a single banner, Seeds Canada. A “detailed ratification package” has gone out to members of the Canadian Seed Growers’ Association (CSGA), Canadian Seed Institute (CSI), Canadian Seed Trade Association (CSTA), Canadian Plant Technology Agency (CPTA) and Commercial […] Read more
General, Markets, Reuters

U.K. aims to join Trans-Pacific Partnership

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London | Reuters –– The United Kingdom announced on Wednesday it would pursue accession to a revamped version of the Trans-Pacific Partnership. “Today we’re announcing our intent to pursue accession to CPTPP, one of the world’s largest free trading areas,” Trade Secretary Liz Truss said. The British government said joining CPTPP would help the U.K. […] Read more
General, Markets, Weather

No timeline yet set for BRM reforms

Changes put on hold along with ministers' meeting

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Ottawa — Federal Agriculture Minister Marie-Claude Bibeau has confirmed any reforms to business risk management (BRM) programs are being delayed. That confirmation came during a wide-ranging media availability Bibeau held Tuesday. In March, Tom Rosser, an assistant deputy minister at Agriculture and Agri-Food Canada (AAFC), said the government is looking at a number of options […] Read more
General, Machinery, Markets

Sollio outlines pandemic recovery plan for food sector

Support sought for automation, digitization, telecommunications

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Ottawa — One of Canada’s largest agri-food companies has laid out a five-point industry recovery plan for federal politicians to consider. During a meeting Tuesday of the Commons standing committee on finance, the president of Quebec-based Sollio Co-operative Group shared plans to limit consequences of the COVID-19 pandemic on the agrifood supply chain. Sollio employs […] Read more
General

Two national campaigns launched for food supply chains

It's good, one campaign says, but could the sector have done better, another asks

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Ottawa — The Canadian Centre for Food Integrity is launching a new campaign to inform consumers on how the food system works. “It’s Good, Canada” will share personal stories of Canadians working across the food supply chain and provide information about farming, transportation, processing, retail and production on its website. “It’s natural for Canadians to […] Read more

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