Reading Time: 3 minutes MarketsFarm — Accounting for 60 per cent of Canada’s 1,100 cultivation licenses as of 2020, according to Health Canada, Western Canada is the country’s most important region when it comes to hemp production. But while there are more products on store shelves, more cultivars than ever before and high prices for the crop, demand for […] Read more
Regulations, versatility pull hemp in different directions in West
Crop 'still struggling with reaching its full potential'
Hemp industry looking forward despite hurdles
Industry 'on the edge of turning'
Reading Time: 2 minutes MarketsFarm — The number of hemp acres grown in Canada, of which more than 80 per cent are on the Prairies, have ebbed and flowed over the past few years. In 2018, 41,200 acres were planted, according to Statistics Canada, but the total more than doubled the next year to 91,100. In 2020, that number […] Read more
Pea, canola protein processing plant planned for outside Winnipeg
Reading Time: 2 minutes MarketsFarm — Somewhere outside Winnipeg, a new pea and canola processing plant is scheduled to be in production by August 2020. The $65 million facility is expected to process up to 20,000 tonnes of yellow field peas annually and will be the world’s only commercial-scale food-grade canola protein production facility. No figure for the plant’s […] Read more
Hemp acres expected to double due to crop versatility
Reading Time: 2 minutes MarketsFarm — Canada’s hemp acres are set to double in 2019, according to the most recent principal field crop acreage report from Statistics Canada. The hemp industry is experiencing somewhat of a boom as hemp products of all stripes enter mainstream consumer markets. “Health Canada is running at least double the number of hemp license […] Read more
Tilray to buy hemp food maker Manitoba Harvest
Reading Time: < 1 minute Reuters — Shares of cannabis firm Tilray Inc. rose as much as seven per cent on Wednesday after announcing a deal to buy hemp food maker Manitoba Harvest for up to $419 million as it seeks to gain a foothold in the lucrative business. The deal comes after the U.S. farm bill, which legalized commercial […] Read more
Red tape seen costing hemp growers market share
Reading Time: 2 minutes CNS Canada — Canadian hemp producers are missing out on a potential billion-dollar market opportunity due to government regulations, an industry group warns. Canadian hemp farmers are only permitted to use certain parts, the stalk and seeds, of the plants they grow. As a result, the growers are missing out in the market, said Kim […] Read more
Market demand for Canadian hemp exceeding supply
Reading Time: 2 minutes CNS Canada — As hemp users develop more uses for the plant and its seed, so too grow the demands on the crop. It’s a demand becoming tougher to fill, according to an industry expert, as the general public becomes increasingly interested in the plant. “You talk about canola being the miracle crop? Well, hemp […] Read more
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