Reuters — Medical marijuana company CanniMed Therapeutics has asked federal regulators to intervene as it seeks to prevent a hostile takeover by bigger rival Aurora Cannabis Inc. Saskatoon-based CanniMed said Monday it asked the Financial and Consumer Affairs Authority of Saskatchewan and the Ontario Securities Commission to declare that Aurora’s move to take its buyout […] Read more
CanniMed asks regulators to step in on hostile bid
Feds, provinces end dispute on how to split pot tax revenues
Ottawa | Reuters –– The Canadian government and the 10 provinces on Monday settled a disagreement on how to split the revenues from a proposed federal tax on the sale of marijuana once the drug is legalized, Finance Minister Bill Morneau said. Morneau told reporters that for an initial two years, 75 per cent of […] Read more
Study finds canola oil unhelpful against Alzheimer’s in mice
A U.S. study of mice genetically engineered to model Alzheimer’s disease has found those on a diet rich in canola oil were more prone to certain markers of the disease than the same type of mice on regular chow. The Canola Council of Canada, the value-chain industry group for the world’s top canola-exporting country, said […] Read more
Maple Leaf buys further into ‘meat’ market
One of Canada’s biggest packaged meat companies is further expanding its space on the non-animal protein shelf with a deal for U.S. processor Field Roast Grain Meat. Maple Leaf Foods announced Nov. 30 it will pay US$120 million (C$153.9 million) for the Seattle-based company, which makes and markets premium grain-based “meat” and vegan cheese products. […] Read more
Saskatchewan to offer discount option on Crown land
Facing another rent hike in 2018, some Saskatchewan farmers leasing cultivated and “formerly cultivated” Crown land from the province are getting an option to buy the land instead at a 10 per cent discount. Provincial Agriculture Minister Lyle Stewart on Tuesday announced a “targeted incentive” program aimed at about 1,100 eligible leaseholders, offering the 10 […] Read more
Nestle to buy Canadian nutrition firm Atrium
London | Reuters — Nestle is buying Canadian vitamin and nutritional supplement maker Atrium Innovations for US$2.3 billion, expanding its presence in consumer healthcare as it seeks to offset weakness in packaged foods. The world’s largest packaged food company said on Tuesday it will buy the maker of vitamins, probiotics and meal replacements from a […] Read more
Baltic Dry Index nears four-year highs
CNS Canada –– The Baltic Dry Index has climbed sharply over the past two weeks, rising to its highest levels in nearly four years. The BDI settled at 1,662 points on Friday, having gained 300 points since the middle of November. The index was last above 1,600 in January 2014. The BDI is compiled daily […] Read more
Ontario general farm organization fee increasing
Ontario farmers will be paying more for their representation by their general farm organizations in 2018 after the government approved a $30 increase. The annual fee will be $225 plus HST for membership in the Ontario Federation of Agriculture, Christian Farmers Federation of Ontario or National Farmers Union-Ontario. All registered farmers have to pay the […] Read more
Climate Corp. to partner with Canadian drone data firm
In a bid to bring its eye-in-the-sky views of clients’ fields closer to Earth, Monsanto’s Climate Corp. has struck up a partnership with a Canadian drone data provider. Climate on Nov. 15 announced an “official” partnership with Toronto-based Deveron UAS, which operates a fleet of drones serving farm clients across North America, to deliver “advanced” […] Read more
China to subsidize grain transportation, storage
Beijing | Reuters — China plans to subsidize grain transportation and storage facilities in the latest push by Beijing to modernize the world’s largest agriculture sector. Beijing will subsidize projects upgrading or building facilities to load and receive grains along main railways and ports for major waterways including the Yangtze and Pearl rivers, a document […] Read more
Cyber-Savvy Farmer
