GFM Network News


Former F. Menard hog plant upgrading for second shift

Olymel announces $9 million in renovations

Reading Time: 2 minutes Pork and poultry packer Olymel plans to dial up its pork output with a new evening shift at a Quebec hog plant it now owns in the province’s Monteregie. Olymel, the meat packing arm of Sollio Co-operative Group, said Friday it will invest $9 million in renovations at its slaughter, cutting and deboning plant at […] Read more

JBS gears up for U.S. and Brazil expansions

Brazilian meat giant reiterates plans following strong Q3 results

Reading Time: < 1 minute Sao Paulo | Reuters — Food processor JBS SA reiterated plans to grow production capacity in Brazil and in the United States after posting strong third quarter results, executives said in a conference call to discuss earnings on Thursday. CEO Gilberto Tomazoni said 12 of the company’s plants in Brazil were being expanded, as JBS […] Read more


Olymel to ramp up processing at Quebec poultry plant

St-Damase expansion work to take about a year

Reading Time: 2 minutes Olymel plans to bring more of its poultry further-processing in-house with a $31.5 million expansion at one of its major slaughter and cutting plants in Quebec’s Monteregie. The meat packing arm of Quebec’s Sollio Co-operative Group announced Monday it had started work that day on a 35,200-square foot plant expansion at St-Damase, about 50 km […] Read more

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

Plant protein processor backed for expansion

Lenders arrange up to $85 million for Merit Functional Foods

Reading Time: 2 minutes The money has been lined up to fund a major expansion for a Winnipeg pea and canola protein processing plant that’s still being built. Merit Functional Foods Corp. announced May 4 it has secured a debt financing package of up to $85 million from “a syndicate of lenders” including Export Development Canada, Farm Credit Canada […] Read more


Sobeys parent to buy fresh-food grocer Farm Boy

Reading Time: 2 minutes The owner of the Sobeys and Canada Safeway chains has a deal in place to buy southern Ontario grocery retailer Farm Boy, a well known patron of the region’s producers. In a deal still subject to review by the federal Competition Bureau, Empire Co. announced Monday it will pay $800 million for the grocery chain, […] Read more

Tim Hortons to enter China

Reading Time: 3 minutes Reuters — Canadian coffee-and-donut chain Tim Hortons will open 1,500 outlets in China over the next decade, capitalizing on a growing cafe culture in the world’s second-largest economy, the chain’s parent Restaurant Brands International said on Wednesday. Restaurant Brands shares rose almost three per cent after the company announced the Tim Hortons move into China […] Read more


Ontario backs Mondelez’s Toronto bakery expansion

Reading Time: 2 minutes One of the world’s biggest snack food companies is up for an eight-figure investment from the Ontario government to boost production at its Toronto plant. The province on Monday announced the Mondelez Canada bakery in East York will get up to $22.6 million from the Jobs and Prosperity Fund, by way of that program’s Food […] Read more

Nestle to spread out at London ice cream plant

Reading Time: 2 minutes A multi-phase overhaul at Nestle Canada’s southwestern Ontario ice cream factory is moving further ahead with a plant expansion. The company’s London, Ont. ice cream plant, which has operated since 1966 and supplies brands such as Haagen-Dazs, Drumstick, Parlour and Skinny Cow for all of Canada, is in the midst of a four-phase, $51.5 million […] Read more