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 […] Read more
Tag Archives cannabis
Canadian pot producer Aphria to buy U.S. craft brewer
SweetWater's '420' beer would come to Canada
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. […] Read more
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 […] Read more
Cannabis boom squeezes farmland across North America
Legalization and decriminalization have led to greater demand for places to produce the drug
Thomson Reuters Foundation – While the coronavirus pandemic has caused the collapse of retail businesses across the globe, there is one thing people have been buying more of during months […] Read more
Canadian cannabis retailers poised to merge
High Tide, Meta Growth to create biggest weed retailer
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 […] Read more
Cannabis industry readies for M+A after COVID-19 boosts weed demand
Companies betting on U.S. market growth after election
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 […] Read more
Aurora Cannabis to shut five Canadian grows
Closures mean layoffs for 30 per cent of firm's production staff
Edmonton marijuana producer Aurora Cannabis is poised to close five of its grow sites across Canada and lay off almost a third of its production workforce. The company on Tuesday […] Read more
Cannabis carries farm growth in otherwise average year
Crop receipts declined 1.1 per cent without cannabis numbers included
Glacier FarmMedia – New data from Statistics Canada shows farm cash receipts continue to trend upward, increasing in 2019 by 5.7 per cent or $66.1 billion to mark the ninth […] Read more
Legalization lifts Canada’s net farm income in 2019
Livestock receipts up, unsmokeable crop receipts lower
A significant year-over-year increase Canada booked last year in realized net farm income rests mainly on 2019’s status as the country’s first full year in the recreational cannabis market. Statistics […] 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 […] Read more