GFM Network News





Pot producer Canopy Growth to stop expanding in Canada

Reuters — Canopy Growth Corp. on Thursday reported a wider-than-expected quarterly loss on soaring expenses and said it would not make any large investments to expand in Canada amid surplus supply and tepid demand for weed and weed products. The decision to hold expansion plans follows a wave of enthusiastic spending by marijuana companies to […] Read more



As ‘Cannabis 2.0’ kicks off, industry strangled by limited retail outlets

Reuters — A year after Canada legalized use of recreational marijuana, cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride. So-called cannabis 2.0 — legalization of marijuana derivatives including edibles, beverages, extracts […] Read more

The hempcrete blocks can be sawn, have a high insulation value, and wiring and plumbing lines can be run through them.

Airdrie company employs hemp to go green

Just BioFiber’s modular construction blocks look like oversized Lego — but they’re made from hemp

[UPDATED: Nov. 5, 2019] The legalization of marijuana has — oddly enough — been good for business for one Alberta producer of construction materials. That’s because Airdrie-based Just BioFiber makes modular building blocks out of hemp fibre. Prior to pot’s legalization a year ago, people in the construction industry used to jokingly ask if their […] Read more



Liberals pledge revamp of federal farm lender

The federal Liberals’ platform heading into the Oct. 21 election calls for an “expanded and enhanced” role for Farm Credit Canada in supporting the country’s agriculture and agrifood sectors. Platform documents released Sunday last week (Sept. 29) call for the merger of several existing federal financial and advisory services — which the Liberals said are […] Read more



Vape product concerns weigh on cannabis companies

Toronto | Reuters — A U.S. recommendation that consumers avoid vaping products containing the active ingredient in marijuana ahead of their legalization in Canada next month could be a blow to Canadian cannabis companies’ hopes that the higher-margin products will help propel them to profitability. The U.S. Centers for Disease Control and Prevention (CDC) said […] Read more