GFM Network News


Wana Brands’ lines of edibles available in the Canadian market include Indiva and Wana gummies, Bhang chocolate and Slow Ride baked goods, among others. The company is also developing cannabis-infused sugar and salt. (Screengrab from Indiva.com)

Canopy eyes U.S. expansion via weed gummies maker

Ontario firm to pay US$297.5 million for Wana Brands

Reuters — Canada’s Canopy Growth Corp. said on Thursday it would buy weed gummies maker Wana Brands for US$297.5 million, as the world’s biggest pot producer looks to expand in the U.S. cannabis market. Demand for pot edibles such as gummies has risen during the pandemic, as people stuck at home turn to cannabis-related products […] Read more

Sergio Rocha, executive director of a cannabis cultivation research project, works in a greenhouse at Brazil’s Federal University of Vicosa on Aug. 18, 2021. (Photo: Reuters/Washington Alves)

Cannabis firms catch whiff of opportunity in Brazil

Canadian producers among those now supplying Brazilian market

Sao Paulo | Reuters — International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop. Major producers such as Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated […] Read more


(CNW Group/Sugarleaf photo)

Canopy Growth to buy rival Supreme Cannabis

Deal comes as pot demand lights up

Reuters — Canopy Growth Corp. said Thursday it will buy rival Supreme Cannabis for $323.3 million, as the world’s biggest cannabis producer bolsters its portfolio to tap surging demand. Shares of Canopy, up 15 per cent this year, fell around 4.6 per cent to $36 after it announced the cash-and-stock deal for Supreme, which owns […] Read more

Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)

Pot producer Canopy Growth sees profit in 2022

Costs cut, revenue increasing

Reuters — Canopy Growth Corp., the world’s largest pot producer, said on Tuesday it expects to turn a profit in the second half of 2022 after aggressive cost-cutting and higher demand for cannabis products helped narrow third-quarter losses. Canadian pot producers have been under pressure from investors seeking returns as profits remain elusive due to […] Read more


U.S. rapper B-Real (Cypress Hill, Prophets of Rage) has collaborated with Atlanta-based SweetWater Brewing on a variety of its ‘420’ brand of cannabis-scented beer. (Video screengrab from Sweetwaterbrew.com via YouTube)

Canadian pot producer Aphria to buy U.S. craft brewer

SweetWater's '420' beer would come to Canada

Reuters — Canadian cannabis company Aphria Inc. said on Wednesday it plans to buy craft brewer SweetWater Brewing for US$300 million as it looks to expand into the U.S. while becoming the first major pot producer to enter the alcoholic beverages market. The deal gives Leamington, Ont.-based Aphria a U.S. distribution point at a time […] Read more

Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)

Canopy Growth to move U.S. listing to Nasdaq

Canadian cannabis company minding expenses

Reuters — Canadian pot producer Canopy Growth said on Tuesday it would move its U.S. stock listing to the Nasdaq, following rival Aphria in favouring the exchange’s “cost-effectiveness.” Canopy’s U.S. shares, currently listed on the New York Stock Exchange, rose over four per cent in extended trading. Years of high expenses and a lack of […] Read more


(Creative-Family/iStock/Getty Images)

Cannabis-infused drinks fizzle on production, distribution challenges

'Actually executing the idea is much more difficult'

Reuters — Investors pinning hopes on cannabis-infused drinks to propel growth of the legal marijuana industry may have to wait a bit longer, as companies struggle to produce and distribute the highly-sought beverages in a profitable way. Nearly 11 months after regulators allowed their sales, very few brands have been able to reach shelves. Canada […] Read more

Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)

Canopy Growth to close Saskatchewan pot plant

Ontario company stepping out of other international plays

A major indoor cannabis grow site at Yorkton, Sask. is the latest casualty as pot producer/retailer Canopy Growth adjusts its worldwide footprint. Smiths Falls, Ont.-based Canopy Growth, whose cannabis brands include Tweed, Tokyo Smoke, Van der Pop and Spectrum Therapeutics, announced Thursday it will shut down its Tweed Grasslands production facility at Yorkton to “further […] Read more



(CanopyGrowth.com)

Canopy Growth may face challenges offloading assets, CEO says

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