Reuters — Cannabis producer and processor TerrAscend will buy Michigan-based rival Gage Growth Corp., backed by prominent cannabis investor Jason Wild, for around US$545 million, the pot producer said on Wednesday. Dealmaking in the U.S. cannabis industry has heated up this year as companies bank on Democrats’ promises to reform marijuana laws and potentially legalize […] Read more
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Pot producer TerrAscend to buy U.S. rival Gage Growth
Company to pay US$545 million
Cannabis firms catch whiff of opportunity in Brazil
Canadian producers among those now supplying Brazilian market
Sao Paulo | Reuters — International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop. Major producers such as Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated […] Read more
Hemp poised for year of gains
Nationwide increase in acres expected
MarketsFarm — The hemp industry in Canada is set for a good year in 2021, according to Canadian Hemp Trade Association (CHTA) CEO Ted Haney. “It looks like we are looking at another 15 to 20 per cent increase in seeded acres nationally, which should take us over the 100,000-acre level for sure,” he said. […] Read more
Pot producer CannTrust’s federal license suspended
Reuters — Troubled Canadian pot grower CannTrust Holdings said Tuesday its license to produce and sell cannabis has been suspended by Health Canada. CannTrust had delayed its second-quarter results last month awaiting a decision from Canada’s health regulator on a large amount of inventory put on hold after discovery of illegal cultivation by the company. […] Read more
World’s oldest bread found at prehistoric site in Jordan
Washington | Reuters — Charred remains of a flatbread baked about 14,500 years ago in a stone fireplace at a site in northeastern Jordan have given researchers a delectable surprise: people began making bread, a vital staple food, millennia before they developed agriculture. No matter how you slice it, the discovery detailed on Monday shows […] Read more
New Brunswick college to launch marijuana cultivation course
Reuters — A college in New Brunswick plans to institute a program on marijuana cultivation so that students can be trained to work at local companies that produce the drug, a school official said on Tuesday. College Communautaire du Nouveau-Brunswick will launch the course sometime next year, said Michel Doucet, executive director of continuing education […] Read more
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