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A hemp plant in Alberta. (Jennifer Blair photo)
Crops

‘Bigger pie’ seen for hemp as industry evolves

By
CNS Canada — Canada’s hemp industry will have an eventful year in 2019 as the industry expands with more processing facilities and legislative changes. One such legislative change was the legalization of hemp in the 2018 U.S. Farm Bill. The bill passed this week in both the U.S. Senate and House of Representatives and awaits […] Read more
Greenhouse facilities under construction in Ontario for Peace Naturals, a Cronos Group subsidiary. (PeaceNaturals.com)
Crops, Reuters

Altria to marry Canadian pot with big tobacco

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Reuters — Marlboro cigarette maker Altria Group announced a $2.4 billion investment in Cronos Group on Friday, which could give it up to 55 per cent ownership of the Canadian cannabis producer. The deal represents by far the biggest investment by a major tobacco conglomerate in a cannabis company. It comes after Canada legalized the […] Read more
(CanopyGrowth.com)
Crops, Reuters

Pot firm Canopy’s loss widens as spending surges

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Reuters — Canadian cannabis producer Canopy Growth posted a bigger-than-expected quarterly net loss on Wednesday as it ramped up spending in the run up to the legalization of recreational use of pot in mid-October, sending its shares down nine per cent. Marijuana companies in Canada have been pouring cash into their businesses to both fend […] Read more
A small marijuana plant grows in a lab at the new Commercial Cannabis Production Program at Niagara College in Niagara-on-the-Lake, Ontario, Canada, October 9, 2018. Photo: Reuters/Carlos Osorio/File
Reuters

U.S. pot firm Curaleaf to triple planned equity offering

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Toronto | Reuters – U.S. cannabis retailer Curaleaf Holdings Inc is raising about $400 million, almost three times its original target, in Toronto, in a deal that would value the company at close to $4 billion, people familiar with the situation told Reuters. The move by the Wakefield, Massachusetts-based company, which also owns cannabis cultivation […] Read more
A hemp plant in Alberta. (Jennifer Blair photo)
Crops

Cannabis’ cousin hemp entering new age too

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CNS Canada — As cannabis basks in the glow of the first day of its legalized recreational sale, its close cousin hemp is coming through its own year of change. Ted Haney, executive director of the Canadian Hemp Trade Alliance, said hemp growers are going through a year in which they are learning how to […] Read more
(UrosPoteko/iStock/Getty Images)
Crops, Reuters

Regulator finds cannabis company disclosures inadequate

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Toronto | Reuters — A Canadian regulatory group said on Wednesday that it had found that the level and quality of disclosure by cannabis companies was insufficient. The Canadian Securities Administrators (CSA), which conducted a review of disclosure practices of 70 Canadian and U.S. cannabis producers, said some companies were inconsistent in complying with Canadian […] Read more
Zenabis’ CEO Rick Brar and chief growing officer Leo Benne in a Bevo facility at Langley, B.C. (CNW Group/Bevo Agro)
Crops, Fruit/Vegetables

Vegetable seedling grower, cannabis grower to merge

By
A B.C. company that raises seedlings for greenhouse vegetable growers is set to devote its existing square footage to weed, following a takeover by a B.C. cannabis grower and processor. Langley-based, publicly-traded Bevo Agro on Thursday announced a reverse takeover deal with Surrey-based, privately-held cannabis firm Sun Pharm Investments, which will see Sun Pharm shareholders […] Read more

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