marijuana Archives - Page 5 of 9

Aphria says proposed hostile bid undervalues company

By Reuters, GFM Network News December 29, 2018

Reuters — Canadian cannabis producer Aphria said on Friday Green Growth Brands’ proposed $2.8 billion all-stock hostile bid “significantly” undervalued the company. Ohio-based cannabis retailer Green Growth, which merged with Xanthic Biopharma in November, said on Thursday it would offer 1.5714 shares for each Aphria share. The company said its valuation was based on a […] Read more

Crops, Reuters

U.S. hostile play launched for Ontario pot producer Aphria

By Reuters, GFM Network News December 27, 2018

Reuters — U.S. cannabis company Green Growth Brands said on Thursday it would make a takeover bid for Aphria Inc., valuing the Canadian pot producer at $2.8 billion. The all-stock offer comes at a time when several companies are looking to partner with or buy pot firms to explore opportunities in the Canadian cannabis sector […] 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

By GFM Network News December 7, 2018

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

Crops, Reuters

Pot firm Canopy’s loss widens as spending surges

By GFM Network News November 14, 2018

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

Canopy Growth CEO Bruce Linton applauds after handing Ian Power and Nikki Rose, who were first in line to purchase the first legal recreational marijuana after midnight, their purchases at a Tweed retail store in St John’s, N.L. on Oct. 17, 2018. (Photo: Reuters/Chris Wattie)

Crops, Reuters

Sober start as recreational marijuana becomes legal in Canada

By GFM Network News October 18, 2018

Toronto/Vancouver | Reuters — Canada became the first industrialized nation to legalize recreational cannabis on Wednesday, but a lawful buzz will be hard to come by in its biggest cities like Toronto and Vancouver, where stores are not yet open. The day was historic for the country as Canadian adults can now legally smoke recreational […] Read more

A hemp plant in Alberta. (Jennifer Blair photo)

Crops

Cannabis’ cousin hemp entering new age too

By GFM Network News October 18, 2018

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

Crops, Reuters

Altria reported seeking stake in cannabis firm Aphria

By Reuters, GFM Network News October 11, 2018

Reuters — Marlboro maker Altria Group is in talks for a stake in Canadian cannabis producer Aphria Inc., the Globe and Mail reported on Wednesday, citing multiple sources. The details of Richmond, Virginia-based Altria’s investment are still being finalized, though it has expressed interest in buying a minority stake in Aphria with the intention of […] Read more

Crops, Reuters

Walmart Canada exploring possible sale of cannabis-based products

By Reuters, GFM Network News October 10, 2018

Reuters — Walmart’s Canadian unit said Tuesday it is exploring the possibility of selling cannabis-based products, but has no immediate plans to get into the business. Walmart is the first major retailer to show an interest in being a part of Canada’s burgeoning marijuana industry, as other big U.S. companies, mainly in the alcohol and […] 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 GFM Network News October 8, 2018

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

The legalization of cannabis is expected to create thousands of new jobs — from production workers to office staff. Shown here is an Ontario marijuana facility. (Photo: Reuters/Blair Gable)

Crops, Markets, Reuters

Aurora Cannabis plans U.S. stock listing in October

By Reuters, GFM Network News September 20, 2018

Reuters — Canada’s Aurora Cannabis said Thursday it plans a U.S. listing of its shares in October, as it looks to cash in on strong investor appetite for marijuana producers. Interest has boomed in Canada’s marijuana companies ahead of legalization of recreational cannabis in the country next month. Several U.S. states have also legalized marijuana […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

Tag Archives marijuana

Aphria says proposed hostile bid undervalues company

U.S. hostile play launched for Ontario pot producer Aphria

Altria to marry Canadian pot with big tobacco

Pot firm Canopy’s loss widens as spending surges

Sober start as recreational marijuana becomes legal in Canada

Cannabis’ cousin hemp entering new age too

Altria reported seeking stake in cannabis firm Aphria

Walmart Canada exploring possible sale of cannabis-based products

Vegetable seedling grower, cannabis grower to merge

Aurora Cannabis plans U.S. stock listing in October

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