GFM Network News

More News →

Author Archives John Tilak

A small marijuana plant grows in a lab at the new Commercial Cannabis Production Program at Niagara College in Niagara-on-the-Lake, Ontario, Canada, October 9, 2018. Photo: Reuters/Carlos Osorio/File
Reuters

U.S. pot firm Curaleaf to triple planned equity offering

By ,
Reading Time: 2 minutes Toronto | Reuters – U.S. cannabis retailer Curaleaf Holdings Inc is raising about $400 million, almost three times its original target, in Toronto, in a deal that would value the company at close to $4 billion, people familiar with the situation told Reuters. The move by the Wakefield, Massachusetts-based company, which also owns cannabis cultivation […] Read more
(UrosPoteko/iStock/Getty Images)
Crops, Reuters

Regulator finds cannabis company disclosures inadequate

By
Reading Time: < 1 minute Toronto | Reuters — A Canadian regulatory group said on Wednesday that it had found that the level and quality of disclosure by cannabis companies was insufficient. The Canadian Securities Administrators (CSA), which conducted a review of disclosure practices of 70 Canadian and U.S. cannabis producers, said some companies were inconsistent in complying with Canadian […] Read more
(Newstrike.ca)
Crops, Reuters

Cannabis firm Aurora in talks to buy both CanniMed, Newstrike

By ,
Reading Time: 2 minutes Toronto | Reuters — Canadian marijuana producer Aurora Cannabis is in talks with rivals CanniMed Therapeutics and Newstrike Resources to buy both businesses in a friendly deal that would create the nation’s top weed company, people familiar with the matter told Reuters on Friday. The deal signals an easing of tensions following an offer in […] Read more
BHP Billiton, whose Jansen, Sask. mine shaft is shown here, describes the mine as its “most advanced” project but still in its feasibility study stage. (BHPBilliton.com)
Crops, Reuters

BHP said exploring stake sale in Saskatchewan potash mine

By ,
Reading Time: 3 minutes Toronto/New York | Reuters — Anglo-Australian mining giant BHP Billiton is considering selling a 25 per cent interest in its Saskatchewan potash mine project, a stake that could be worth close to US$2 billion, people familiar with the matter told Reuters. The move comes as activist investor Elliott Management Corp. has been pushing the company […] Read more
(Dave Bedard photo)
Crops, Reuters

Agrium/PotashCorp merger set for shareholder approval

By ,
Reading Time: 2 minutes Toronto/Winnipeg | Reuters — The shareholders of Agrium and PotashCorp are set to overwhelmingly approve a merger of the two Canadian fertilizer producers, according to a source familiar with the situation, despite initial skepticism from Agrium investors. About 99 per cent of the votes from both groups of shareholders are in favour of the transaction, […] Read more
(Photo courtesy Agrium)
Crops, Reuters

Fertilizer merger faces easier approval at home than in U.S.

By ,
Reading Time: 2 minutes Toronto/Washington | Reuters — Canada’s PotashCorp and Agrium are more likely to win approval for a potential merger in Canada than in the U.S., but U.S. rejection of the deal would scuttle it globally, competition lawyers said. Saskatoon-based PotashCorp and Calgary’s Agrium confirmed Tuesday they were in preliminary merger talks, toward a deal that would […] Read more
(Corner-Store.ca)
Crops, Reuters

Couche-Tard reported in lead to buy Corner Store chain

By ,
Reading Time: < 1 minute New York | Reuters –– Convenience store operator Alimentation Couche-Tard is in the lead to acquire U.S.-based convenience store retailer CST Brands, according to two sources familiar with the matter. San Antonio-based CST owns and operates convenience stores and gas stations in Canada and the U.S., and it controls the general partner of gas station […] Read more
Cereals, Fruit/Vegetables, Pulses, Reuters

SunOpta pressured by shareholders after sluggish sales

By ,
Reading Time: 2 minutes Reuters – Canadian organic food company SunOpta Inc, already under pressure from U.S. hedge fund Tourbillon Capital Partners LP, is being prodded by a second activist shareholder to explore the sale of all or part of the company, according to sources familiar with the matter. Canadian hedge fund West Face Capital, which pushed SNC-Lavalin to sell […] Read more
Crops, Markets, Reuters

Canadian medical marijuana firm PharmaCan going public

By
Reading Time: 2 minutes Toronto | Reuters –– PharmaCan Capital, a holding company focusing on the Canadian medical marijuana market, is set to go public next week, opening up for investors a basket of licensed producers and signaling the appetite for a growing industry. The Toronto-based company has significant stakes of eight medical marijuana producers, including five licensed by […] Read more

Special Podcast

AgCanadaTV

AGCanadaTV Special Feature: Wheat harvest preparations

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.