GFM Network News

Court approval sought for Morris Industries sale

Rite Way deal the 'highest and best offer received'

The court overseeing creditor protection for seeding equipment maker Morris Industries is being asked to approve a deal for the company’s sale to another Saskatchewan manufacturer. Calgary consultancy Alvarez and Marsal, the court-appointed monitor for Morris, said Tuesday in its latest report to Court of Queen’s Bench in Saskatoon it recommends approval of a sale […] Read more

New Holland ultra-dealer expands Saskatchewan reach

Mazergroup takes up Dave Marshall's three operations

Manitoba New Holland ultra-dealership Mazergroup is expanding its reach further into eastern Saskatchewan with a deal to buy three dealerships there. Brandon-based Mazergroup announced Tuesday it has assumed ownership of Yorkton New Holland, Raymore New Holland and Watrous New Holland, effective Sept. 1. The three operations’ dealer principal, David Marshall, had bought the former Bolt […] Read more

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

Richardson cranking up canola crush, throughput at Lethbridge

Agrifood firm Richardson International plans to put up $120 million to dial up the processing capacity of its canola crushing plant in southern Alberta by over 55 per cent. Privately-held, Winnipeg-based Richardson said Wednesday the new upgrades at its Lethbridge plant are expected to boost its peak annual crush to over 700,000 tonnes of canola per year, […] Read more

Dreyfus’ commodities business posts higher 2014 profit

Paris | Reuters — Global trading group Louis Dreyfus Commodities reported a rise in full-year profit on Thursday as increased volumes and healthy processing margins helped offset lower market prices. Louis Dreyfus is one of the “ABCD” quartet of companies, alongside Archer Daniels Midland, Bunge and Cargill, that dominates agricultural commodity trading. The 164-year-old family-owned […] Read more

Dreyfus unsure when Sask. canola plant will reopen

CNS Canada –– A month after an explosion crippled the Louis Dreyfus Commodities canola crushing plant at Yorkton, Sask., it’s still unclear when operations will resume. LDC Canada’s vice-president Brian Conn issued a statement Tuesday outlining its “preliminary assessment” of the situation. While the investigation is ongoing, Dreyfus’ assessment so far indicates the Oct. 24 […] Read more

Louis Dreyfus plant may resume canola crushing in 3-7 weeks

Winnipeg / Reuters – Louis Dreyfus Corp’s Canadian canola plant may resume receiving and crushing the oilseed in three to seven weeks, following last week’s explosion and fire, the president of the company’s Canadian unit said on Friday. Brant Randles, president of Louis Dreyfus Commodities Canada Ltd, said the company is working with contractors and engineers on a […] Read more