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A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)
Crops, Reuters

Kansas City Southern accepts new CN bid over CP’s

CN offers to cover KCS's breakup fee with CP

By
Reuters — U.S. railway operator Kansas City Southern said Thursday it had accepted Canadian National Railway’s $33.6 billion acquisition offer, upending a $29 billion deal with its competitor Canadian Pacific Railway. The development, first reported by Reuters, gives CP five business days to make a new offer for Kansas City Southern. Were CP to table […] Read more
(Kansas City Southern video screengrab via YouTube)
Crops, Reuters

Rail shippers pick sides as CP, CN bid for Kansas City Southern

Richardson, Conagra among firms supporting both bids

By ,
Winnipeg | Reuters — North America’s freight rail customers, from grain shippers to logistics companies, are choosing sides as Canadian Pacific Railway and Canadian National Railway fight to buy Kansas City Southern. A takeout of KCS would be the first major North American railroad combination in more than 20 years and create the first network […] Read more
(iStock/Getty Images Plus)
Crops

Four-way Seeds Canada merger approved

Four organizations to amalgamate in February without CSGA on board

By ,
A merger of four Canadian seed industry organizations has been cleared to proceed without its fifth partner. Members of the Canadian Plant Technology Agency (CPTA), Commercial Seed Analysts Association of Canada (CSAAC), Canadian Seed Institute (CSI) and Canadian Seed Trade Association (CSTA) have voted in favour of amalgamation, the groups announced Wednesday. An inaugural board […] Read more
(Jack Dykinga photo courtesy ARS/USDA)
Crops

Seed groups weigh options as CSGA rejects merger

Grower group's membership calls nay on Seeds Canada amalgamation

By ,
The boards of five national seed sector groups planning a major merger are considering their next move after a less-than-unanimous vote on the proposal. Members of the Canadian Plant Technology Agency (CPTA), Commercial Seed Analysts Association of Canada (CSAAC), Canadian Seed Growers’ Association (CSGA), Canadian Seed Institute (CSI) and Canadian Seed Trade Association (CSTA) had […] 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
Cigi staff evaluate wheat flour for use in oriental noodles. (Cigi photo)
Cereals, Crops

‘New’ Cereals Canada names board, chair

The merged Cereals Canada/Cigi unit held its first annual meeting

By ,
Alberta farmer Todd Hames was elected Monday as the chair of the board for the recently reconstituted Cereals Canada, at its first-ever annual meeting. The ‘new’ Cereals Canada was created June 1 when it and the Canadian International Grains Institute (Cigi) amalgamated after two years of discussions and the approval of their respective boards April […] Read more
Cigi staff evaluate wheat flour for use in oriental noodles. (Cigi photo)
Cereals, Crops

Cigi, Cereals Canada vote to close merger deal

Merged body to take latter group's name; next step, naming a CEO

By ,
The proposed merger between Cigi and Cereals Canada has taken one of its final steps forward, with votes of approval from both organizations’ memberships. The two Winnipeg-based not-for-profit organizations announced Tuesday their memberships have approved “the amalgamation of both organizations under a unified governance and management structure.” Terms of the merger call for the consolidated […] Read more
Members of the Manitoba Wheat and Barley Growers Association voted 66-16 at CropConnect on Feb. 13, 2020 in favour of their group’s merger into the Manitoba Crop Alliance. (Manitoba Co-operator photo by Geralyn Wichers)
Crops

Manitoba growers approve five-way commodity group merger

By ,
Manitoba grain growers represented by five separate commodity organizations have voted to greenlight a merger they now expect to make official by August. A total of 165 ballots were cast Wednesday and Thursday during the groups’ annual general and special meetings at the CropConnect conference in Winnipeg, with members at the various events voting between […] Read more

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