Reading Time: 2 minutes Reuters — Canopy Growth Corp. said Thursday it will buy rival Supreme Cannabis for $323.3 million, as the world’s biggest cannabis producer bolsters its portfolio to tap surging demand. Shares of Canopy, up 15 per cent this year, fell around 4.6 per cent to $36 after it announced the cash-and-stock deal for Supreme, which owns […] Read more
Tag Archives investors
Canopy Growth to buy rival Supreme Cannabis
Deal comes as pot demand lights up
Cash-strapped pot producers raise billions in market rally
Cannabis firms seen as down in the weeds until recent surge
Reading Time: 2 minutes Reuters — A political shift in the United States has unlocked an estimated US$1.38 billion jackpot for struggling pot producers who have cashed in on a surge in their shares since President Joe Biden’s election in November. Cannabis producers have issued stock worth this amount in the first five weeks of 2021, investment firm Viridian […] Read more
Cannabis-infused drinks fizzle on production, distribution challenges
'Actually executing the idea is much more difficult'
Reading Time: 3 minutes 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 the highly-sought beverages in a profitable way. Nearly 11 months after regulators allowed their sales, very few brands have been able to reach shelves. Canada […] Read more
JBS vows to monitor whole cattle supply chain’s impact on Amazon
Packer plans to move against cattle 'laundering'
Reading Time: 2 minutes Sao Paulo | Reuters — JBS SA, the world’s top meatpacker, said Wednesday it plans to combat destruction in the Amazon by monitoring its entire supply chain for deforestation by 2025, as pressure mounts from environmentalists and investors. Brazilian meatpackers are facing increasing criticism that beef production is fueling deforestation in the Amazon, where cleared […] Read more
Dreyfus reportedly in talks to sell stake to Abu Dhabi’s ADQ
Reading Time: < 1 minute Reuters — Commodity trader Louis Dreyfus Corp. is in talks to sell a stake to Abu Dhabi sovereign wealth fund ADQ, Bloomberg News reported on Friday, citing people familiar with the matter. For the privately held company, which has been facing a challenging business environment, bringing external investors would be a first in its 169-year […] Read more
Pressure on for Bayer CEO to fix legal problems as chairman quits
Reading Time: 2 minutes Frankfurt | Reuters — The departure of Bayer chairman Werner Wenning will turn up the heat on CEO Werner Baumann to resolve the healthcare to agriculture group’s legal problems, two of the firm’s biggest German shareholders said on Wednesday. Bayer’s shares have plunged about a quarter in value since August 2018, when the company lost […] Read more
Bargain hunters fire up rally in cannabis stocks
Reading Time: 2 minutes New York | Reuters — Some cannabis stocks are seeing their prices surge as investors hunt for winners in the ashes of an industry shakeout that hammered share prices last year. Shares of Tilray Inc. and Canopy Growth Corp. have climbed more than 20 per cent since the start of the year, while Cronos Group […] Read more
As ‘Cannabis 2.0’ kicks off, industry strangled by limited retail outlets
Reading Time: 3 minutes Reuters — A year after Canada legalized use of recreational marijuana, cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride. So-called cannabis 2.0 — legalization of marijuana derivatives including edibles, beverages, extracts […] Read more
Funds’ canola short position up, for now
Reading Time: < 1 minute MarketsFarm — Fund traders added to their large net short position in canola during the week ended Tuesday (Sept. 10), according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in canola came in Tuesday at 73,025, an increase of about 7,000 […] Read more
Investors call for reprieve for Bayer bosses after AGM rebuke
Reading Time: 2 minutes Frankfurt | Reuters — Three of Bayer’s largest German investors said the drugmaker’s embattled management needed to stay at the helm to avoid further upheaval, despite their unease over a share price slump in the wake of the US$63 billion Monsanto takeover. The backing for CEO Werner Baumann comes after an unprecedented rebuke at the […] Read more
GFM Podcasts
Special Podcast
Farmtario is committed to providing information that matters to farmers in Ontario. Backed by leading and experienced farm journalists and content creators, Farmtario is a new source of insights for farming in Ontario including news, crop and livestock production, markets and ag tech. Receive your free eNewsletter today!