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Hemp

(Pierre-Olivier Valiquette/iStock/Getty Images)
General

Four Quebec farm programs’ payments to roll early

FADQ to pay out $9.1 million on four programs on Nov. 1

By ,
Four provincial farm development programs in Quebec are to pay out to over 5,000 farm businesses a month ahead of schedule. La Financiere agricole du Quebec (FADQ), the provincial ag lending agency, announced Wednesday it will pay out about $9.1 million to businesses participating in the four programs effective Nov. 1. FADQ noted it made […] Read more
BMO in May 2020 announced an agreement to sell its 107-year-old downtown Winnipeg building to the Manitoba Metis Federation for use as a new Metis Nation Heritage Centre. (File photo by Dave Bedard)
General, Markets

BMO regroups ag banking business

Ag-focused national banking team put in place

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With COVID-19 serving to “accelerate” changes in the industry, BMO Bank of Montreal says it has reset its farm banking work under the oversight of an expanded national agriculture and agribusiness banking team. BMO announced the new team approach Oct. 14, describing it as “a national team of agriculture banking specialists — team members with […] Read more
(iStock/Getty Images Plus)
Crops

Second Seeds Canada merger vote to proceed sans CSGA

Seed Growers membership had voted against amalgamation deal

By ,
A proposal to combine Canada’s seed industry groups into a single organization, to be dubbed Seeds Canada, will be subject to a new vote, this time with one less group on board. The Canadian Seed Trade Association (CSTA), Canadian Plant Technology Agency (CPTA); Commercial Seed Analysts Association of Canada (CSAAC) and Canadian Seed Institute announced […] Read more
File photo of a quality control check on fresh peppers in a Canadian vegetable packing plant. (Jeffbergen/E+Getty Images)
General, Machinery

Federal program to protect farms, workers from COVID-19 underway

'Highest-risk' farming operations to get priority, Bibeau says

By
Applications are now open for a federally-administered $35 million emergency on-farm support fund to help limit the impacts of COVID-19 on farms and on-farm workers. Aimed at farm workplaces and employee living quarters, the fund is being managed by Agriculture and Agri-Food Canada (AAFC), but cost-shared with participating producers at a 50-50 level. Money is […] Read more
(Jenifoto/iStock/Getty Images)
General, Markets

Feds pondering more self-reliance in Canada’s food

'Even if we are already in a good position, we can always do better,' Bibeau says

By
Agriculture Minister Marie-Claude Bibeau is looking for ways to make Canada’s food supply more autonomous. In an interview Thursday, Bibeau pointed to her minority Liberal government’s pledge in the throne speech to further support the food value chain. That could mean a review of food infrastructure across the country, according to Bibeau. Specifics aren’t yet […] Read more
A Meta Cannabis retail store on Yonge Street in Toronto. (CNW Group/Meta Growth)
Crops

Canadian cannabis retailers poised to merge

High Tide, Meta Growth to create biggest weed retailer

By ,
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
Plants at Delta 9 Cannabis’ indoor production facility in Winnipeg. (Dave Bedard photo)
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
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
Canada/U.S. border signage in downtown Detroit. (RiverNorthPhotography/Getty Images)
General, Machinery, Markets, Reuters

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

Deal appears to assure continuity of trade for agriculture

By
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
Aurora Cannabis in November 2019 opened a flagship retail store at the West Edmonton Mall, describing the 11,000-square foot shop as “both a retail cannabis store and an immersive experiential space.” (CNW Group/Aurora Cannabis Inc.)
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
(Jack Dykinga photo courtesy ARS/USDA)
Crops

National seeds sector groups put merger plan to vote

New organization, if approved, would be called Seeds Canada

By ,
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

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