GFM Network News


Beef is on display at a Walmart in Beijing on Sept. 23, 2019. (File photo: Reuters/Tingshu Wang)

China applies to join CPTPP

Second-biggest economy seeks to add to economic clout

Beijing | Reuters — China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the country’s commerce ministry said on Thursday, as the world’s second-biggest economy looks to bolster its clout in trade. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in a letter […] Read more

(Jushico.com)

Pot producer Jushi acquires U.S. retailer in cheaper deal

Lack of movement on legalization drops valuations

Reuters — Cannabis producer Jushi Holdings acquired Massachusetts-based retailer Nature’s Remedy at a cheaper price than initially offered, as valuation of weed companies across North America has dramatically dropped lately. The decline in valuations over the last few months has been largely due to a lack of progress on anticipated federal marijuana reforms in the […] Read more


(File photo by Dave Bedard)

Kansas City Southern plans to accept CP’s bid

Deal would create new lanes for Prairie freight, CP says

Reuters — U.S. railway Kansas City Southern said on Sunday it planned to accept Canadian Pacific Railway’s US$27.2 billion cash-and-stock acquisition offer as superior to its US$29.6 billion deal to sell itself to Canadian National Railway. CN now has until the end of Friday to submit a better offer or lose its deal with KCS. […] Read more

Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Louis Dreyfus completes stake sale to ADQ

Deal includes long-term supply line to UAE

Paris | Reuters — Louis Dreyfus Co. (LDC) said on Friday it had completed the sale of a 45 per cent indirect stake to Abu Dhabi holding firm ADQ, marking the arrival of the first non-family shareholder in the agricultural commodity group’s 170-year history. The overall value of the deal was not disclosed but LDC […] Read more


A Western blot analysis, used to detect specific proteins in tissue samples, is used to confirm BSE in cattle. (Peggy Greb photo courtesy ARS/USDA)

Brazil’s ag ministry investigating suspected BSE case

Evidence suggests 'atypical' BSE, source says

Sao Paulo | Reuters — Brazil’s agriculture ministry said Wednesday it was investigating a suspected case of bovine spongiform encephalopathy (BSE) in the country, according to a statement. An industry source told Reuters, on condition of anonymity, that the suspected case occurred in the southeastern state of Minas Gerais. The ministry said such investigations are […] Read more

(Juanmonino/iStock/Getty Images)

Pot producer TerrAscend to buy U.S. rival Gage Growth

Company to pay US$545 million

Reuters — Cannabis producer and processor TerrAscend will buy Michigan-based rival Gage Growth Corp., backed by prominent cannabis investor Jason Wild, for around US$545 million, the pot producer said on Wednesday. Dealmaking in the U.S. cannabis industry has heated up this year as companies bank on Democrats’ promises to reform marijuana laws and potentially legalize […] Read more



An Asian giant hornet, trapped at Birch Bay, Wash. on July 14, 2020 by Washington State Department of Agriculture (WSDA) researchers, is seen at Olympia, Wash. on July 29, 2020. (Photo: WSDA/Chris Looney/handout via Reuters)

Washington state eradicates first ‘murder hornet’ nest of the year

Nest found in northwestern county near B.C. border

Reuters — Washington state eradicated its first Asian giant hornet nest of the year by vacuuming out 113 worker hornets and removing bark and decayed wood near the nest, Washington State Department of Agriculture (WSDA) officials said Thursday. The so-called stinging “murder hornets,” the world’s largest hornets, can grow to five centimetres in length and […] Read more


File photo of hogs in an outdoor pen on St. Croix in the U.S. Virgin Islands. (EAGiven/iStock/Getty Images)

U.S. seeks to protect pork exports if swine fever hits territories

Policy would distinguish Puerto Rico, Virgin Islands from mainland

Chicago | Reuters — The United States said on Thursday it is seeking to avoid disruptions to pork exports if the territories of Puerto Rico or the U.S. Virgin Islands detect the fatal pig disease African swine fever. The risk for infections in the territories is higher after the Dominican Republic last month confirmed the […] Read more