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
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Cash-strapped pot producers raise billions in market rally
Cannabis firms seen as down in the weeds until recent surge
AGRIS Co-operative announces patronage dividend
AGRIS Co-operative has announced a patronage dividend of $1.5 million to be returned to its farmer-owners and investors. Total enterprise revenues in 2020 for AGRIS Co-operative were more than $259 million, with $2.4 million added to retained earnings to support its operations. Patronage rebates will be issued as 33 per cent cash and 67 per […] Read more
Startups compete for Canadian Thrive challenge
Seafood traceability software takes top spot
A seafood traceability company took top spot in a recent challenge organized by Thrive, a Silicon Valley agricultural technology investor. Nine Canadian agriculture and food startups competed as finalists, with British Columbia seafood traceability company ThisFish taking the top spot. Why it matters: As the agriculture and food sectors shift towards digitization and precision tools, […] Read more
Pot producer Canopy Growth sees profit in 2022
Costs cut, revenue increasing
Reuters — Canopy Growth Corp., the world’s largest pot producer, said on Tuesday it expects to turn a profit in the second half of 2022 after aggressive cost-cutting and higher demand for cannabis products helped narrow third-quarter losses. Canadian pot producers have been under pressure from investors seeking returns as profits remain elusive due to […] Read more
Genetic technologies rooted and ready to sprout
How RNAi and gene editing could impact farms
Biotechnology advancements are promising to reshape agriculture as the full potential of tools such as RNAi and gene editing gain acceptance. The full potential of mRNA to speed up vaccine development leapt to the forefront during the fight to contain the pandemic, but it’s biotechnological cousin RNAi has been quietly gaining momentum in food and […] Read more
Canada, Indonesia explore trade deal
Broader Southeast Asian pact could have potential
Glacier FarmMedia – Canada is exploring a potential trade pact with Indonesia as it continues to seek out deals in the Asia-Pacific region. International Trade Minister Mary Ng made the announcement Jan. 11. Why it matters: Asian-Pacific nations make up one of the largest potential growth markets for Canadian agricultural commodities, especially given the increased […] Read more
Trucks roll forward into the digital age
New regulations, but also drive for data create new options for trucks
As new federal driving-log policies for commercial vehicles are poised to take effect in June, some say there is an opportunity for digital monitoring tools to be expanded to the rest of the truck. Why it matters: Rigorous, readily accessible digital records can be more efficient and reliable than paper records. They can also be […] Read more
Editorial: A willingness to be better
There’s value in the move by farm groups to include diversity and inclusion as parts of their driving principles. There was significant online debate about Beef Farmers of Ontario’s new diversity and inclusion statement. Beef Farmers of Ontario lists seven points in its commitment to diversity, but this paragraph in its statement on the subject […] Read more
Ford cuts output of F-150s due to semiconductor shortage
U.S. firm among manufacturers caught off guard
Washington | Reuters — Ford Motor Co. said Thursday it is cutting shifts at two U.S. plants that build its highly profitable flagship F-150 pickup trucks starting next week due to a global shortage of semiconductor chips, raising fears the problem could be worsening. The No. 2 U.S. automaker said it will run one of […] Read more
New class of antibiotics found to fight antimicrobial resistance
Science Notes: WHO has declared AMR as one of the top 10 global public health threats
Wistar Institute scientists have discovered a new class of compounds that uniquely combine direct antibiotic killing of pan drug-resistant bacterial pathogens with a simultaneous rapid immune response for combatting antimicrobial resistance (AMR). These findings were published in December in Nature. The World Health Organization (WHO) has declared AMR as one of the top 10 global […] Read more
Cyber-Savvy Farmer
