GFM Network News


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

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


Cannabidiol (CDB) is considered the “therapeutic” option as it does not cause intoxication and euphoria as does cannabis which contains tetrahydrocannabinol (THC).

Guide Health: The scoop on cannabis

Check with your health care providers before using cannabis for any medical condition

Reading Time: 2 minutes We all know by now that cannabis is legal for recreational use in Canada. We also know there are still a number of restrictions and limitations on its use, and we know how to find out exactly what these are. However, we also hear claims about therapeutic uses for cannabis and about its effectiveness and […] Read more

Aurora Cannabis to shut five Canadian grows

Closures mean layoffs for 30 per cent of firm's production staff

Reading Time: 3 minutes Edmonton marijuana producer Aurora Cannabis is poised to close five of its grow sites across Canada and lay off almost a third of its production workforce. The company on Tuesday announced next steps in the “business transformation plan” it launched in February to “better align the business financially with the current realities of the cannabis […] Read more


Legalization lifts Canada’s net farm income in 2019

Livestock receipts up, unsmokeable crop receipts lower

Reading Time: 3 minutes A significant year-over-year increase Canada booked last year in realized net farm income rests mainly on 2019’s status as the country’s first full year in the recreational cannabis market. Statistics Canada on Tuesday released full-year data on farm income, pegging Canada’s realized net farm income for 2019 at $4.9 billion — a 10.4 per cent […] Read more

Canopy Growth to close Saskatchewan pot plant

Ontario company stepping out of other international plays

Reading Time: 2 minutes A major indoor cannabis grow site at Yorkton, Sask. is the latest casualty as pot producer/retailer Canopy Growth adjusts its worldwide footprint. Smiths Falls, Ont.-based Canopy Growth, whose cannabis brands include Tweed, Tokyo Smoke, Van der Pop and Spectrum Therapeutics, announced Thursday it will shut down its Tweed Grasslands production facility at Yorkton to “further […] Read more


Ontario drops weed from essentials list

Officials call for further intervention

Reading Time: < 1 minute Reuters — Ontario’s government on Friday removed cannabis from a list of essential businesses allowed to operate during the lockdown, as part of its efforts to further restrict contact amid a deepening coronavirus crisis. The move comes after health officials projected 80,000 COVID-19 coronavirus cases and about 1,600 deaths by month end under current policies, […] Read more

As customers hoard pot brownies, weed firms see lockdown boost

Reading Time: 2 minutes Reuters — Cannabis sales are touching new highs as customers across the U.S. and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic. Between March 16 and 22, sales of recreational cannabis across California, Colorado, Oregon and Alaska — some of the key U.S. markets — were up 50 […] Read more


Canopy Growth to shut two B.C. greenhouses, cut 500 jobs

Niagara greenhouse plans also shelved

Reading Time: < 1 minute Reuters — Pot producer Canopy Growth Corp. said on Wednesday it plans to close two of its greenhouses in Aldergrove and Delta, B.C., cutting about 500 positions. The company also said it no longer plans to open a third greenhouse in Niagara-on-the-Lake, Ont. Canopy had said last month it aims to focus on reducing costs, […] Read more

Canopy Growth may face challenges offloading assets, CEO says

Reading Time: 2 minutes Reuters — Canada’s biggest cannabis producer, Canopy Growth Corp., could face challenges offloading assets as it seeks to winnow its facilities down to focus on its most lucrative markets and products, its CEO told Reuters. The company, which reported a smaller-than-expected third-quarter loss on Friday, is conducting a “thorough strategic review” of its production facilities […] Read more