GFM Network News


A Meta Cannabis retail store on Yonge Street in Toronto. (CNW Group/Meta Growth)

Canadian cannabis retailers poised to merge

High Tide, Meta Growth to create biggest weed retailer

Reading Time: 2 minutes 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 stores in three provinces, announced a merger deal Friday to take up Toronto-based Meta Growth Corp., which runs the Meta Cannabis and NewLeaf Cannabis chains. […] Read more

Plants at Delta 9 Cannabis’ indoor production facility in Winnipeg. (Dave Bedard photo)

Cannabis industry readies for M+A after COVID-19 boosts weed demand

Companies betting on U.S. market growth after election

Reading Time: 2 minutes 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 buyers to a sector that has been decimated by oversupply and other issues, executives and investors say. Profitable cannabis companies want to buy their way […] Read more


(ADM.com)

ADM says to focus on organic growth after acquisitions

Reading Time: < 1 minute Geneva | Reuters — Grain trader Archer Daniels Midland does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth, a senior official said on Wednesday. “With this level of acquisitions we have had, I don’t think you will see ADM being a very […] Read more

Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Grain trade regional tie-ups seen more likely over mega-deals

Reading Time: 2 minutes Paris | Reuters — The agricultural trading industry can expect more consolidation at a regional level in an effort to improve margins, but big deals between global merchants are becoming more difficult, Louis Dreyfus’ CEO said. Merchants have been grappling with lower profits from sourcing and shipping commodities such as grain and oilseeds, prompting cutbacks […] Read more


Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)

Input Capital to consider company sale, merger, cannabis

Reading Time: 2 minutes Possible options including a sale, merger or moving into the cannabis business are now on the table for “commodity streaming” canola firm Input Capital Corp. Regina-based Input, which trades publicly on the TSX Venture Exchange, announced Wednesday its board has launched a “comprehensive review of strategic alternatives to enhance shareholder value.” The review, which will […] Read more

(Bayer.com)

Singapore firm hikes Bayer stake in share sale

Reading Time: 2 minutes Frankfurt | Reuters — German drugmaker Bayer is raising three billion euros (C$4.67 billion) toward its planned US$62.5 billion takeover of seed and chemical firm Monsanto by selling a 3.6 per cent stake to Singapore’s state investment company Temasek. Bayer said it had struck a deal with Temasek under which it would issue shares with […] Read more


(Arysta.cl)

Arysta plans market expansion in Western Canada

Reading Time: 3 minutes CNS Canada — Arysta LifeScience, a crop chemical company known in Western Canada for its line of Everest products, now wants to become a household name for Prairie farmers. Platform Specialty Products, Arysta’s parent company, last Aug. 24 announced plans to separate its agricultural solutions and performance solutions segments. Platform Specialty chairman Martin Franklin said […] Read more

(Dave Bedard photo)

Grain company hunt goes on for Glencore

Reading Time: 2 minutes Geneva | Reuters — Commodities giant Glencore has made unsuccessful moves for three or four smaller targets in the grain sector this year as it seeks acquisitions to grow upstream, the head of its agricultural arm said. “We have looked at three or four possibilities in our core area already this year but couldn’t reach […] Read more


(Dave Bedard photo)

Glencore looking to expand agriculture business, CEO says

Reading Time: 2 minutes Cham, Switzerland | Reuters –– Miner and trader Glencore is looking to expand its agriculture business via its partnership with two Canadian funds, the company’s CEO said on Wednesday, but has no plans to move into any commodities it does not already trade. CEO Ivan Glasenberg was speaking a day after U.S. grains trader Bunge […] Read more

Glencore, whose Sudbury Integrated Nickel Operations (INO) in Ontario are shown here, has shed assets to cut debt and now plans to maintain a lower net debt to earnings ratio. (Glencore.com)

Glencore ready for deals and dividends after profit boost

Reading Time: 2 minutes London | Reuters –– Commodities trader and miner Glencore reported an 18 per cent rise in full-year profit on Thursday, buoyed by a rebound in raw materials prices, and said it was well-placed financially for small acquisitions or a special dividend payout. Analysts said the results beat expectations, driving the share price nearly two per […] Read more