cannabis Archives | Canadian Cattlemen

Ontario drops weed from essentials list

Officials call for further intervention

Reuters — Ontario’s government on Friday removed cannabis from a list of essential businesses allowed to operate during the lockdown, as part of its efforts to further restrict contact amid a deepening coronavirus crisis. The move comes after health officials projected 80,000 COVID-19 coronavirus cases and about 1,600 deaths by month end under current policies, […] Read more

Crops, Reuters

As customers hoard pot brownies, weed firms see lockdown boost

By Shariq Khan, GFM Network News March 24, 2020

Reuters — Cannabis sales are touching new highs as customers across the U.S. and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic. Between March 16 and 22, sales of recreational cannabis across California, Colorado, Oregon and Alaska — some of the key U.S. markets — were up 50 […] Read more

Crops, Reuters

Canopy Growth to shut two B.C. greenhouses, cut 500 jobs

Niagara greenhouse plans also shelved

By Reuters, GFM Network News March 5, 2020

Reuters — Pot producer Canopy Growth Corp. said on Wednesday it plans to close two of its greenhouses in Aldergrove and Delta, B.C., cutting about 500 positions. The company also said it no longer plans to open a third greenhouse in Niagara-on-the-Lake, Ont. Canopy had said last month it aims to focus on reducing costs, […] Read more

Crops, Reuters

Canopy Growth may face challenges offloading assets, CEO says

By Shariq Khan, Nichola Saminather, GFM Network News February 15, 2020

Reuters — Canada’s biggest cannabis producer, Canopy Growth Corp., could face challenges offloading assets as it seeks to winnow its facilities down to focus on its most lucrative markets and products, its CEO told Reuters. The company, which reported a smaller-than-expected third-quarter loss on Friday, is conducting a “thorough strategic review” of its production facilities […] Read more

Crops, Markets, Reuters

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

Crops, Reuters

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

By Nichola Saminather 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

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

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

Crops, Reuters

Constellation tightens grip on Canopy with CEO appointment

By Reuters 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

Crops, Reuters

Pot producer Canopy Growth to stop expanding in Canada

By Reuters November 14, 2019

Reuters — Canopy Growth Corp. on Thursday reported a wider-than-expected quarterly loss on soaring expenses and said it would not make any large investments to expand in Canada amid surplus supply and tepid demand for weed and weed products. The decision to hold expansion plans follows a wave of enthusiastic spending by marijuana companies to […] Read more

On-farm tests wrap up in bovine TB probe

Pulse weekly outlook: Prices mostly steady ahead of seeding

U.S. grains: Corn rally sputters, wheat slides on growing conditions

GFM Network News

On-farm tests wrap up in bovine TB probe

Pulse weekly outlook: Prices mostly steady ahead of seeding

U.S. grains: Corn rally sputters, wheat slides on growing conditions

Tag Archives cannabis

Ontario drops weed from essentials list

As customers hoard pot brownies, weed firms see lockdown boost

Canopy Growth to shut two B.C. greenhouses, cut 500 jobs

Canopy Growth may face challenges offloading assets, CEO says

More pain in store for Canadian marijuana companies

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

Bargain hunters fire up rally in cannabis stocks

Cannabis patients boost Aurora edible sales

Constellation tightens grip on Canopy with CEO appointment

Pot producer Canopy Growth to stop expanding in Canada

GFM Podcasts

A trip to the POV, the impacts of COVID-19 on ag-research and hog biosecurity, China and canola in the news

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending April 3, 2020.

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