GFM Network News


Canopy Growth may face challenges offloading assets, CEO says

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

More pain in store for Canadian marijuana companies

Aurora Cannabis, Tilray cut jobs

Toronto | Reuters — Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed companies, Aurora Cannabis and Tilray announced cost reductions this week. Canada legalized recreational cannabis in October 2018 but profits have proven elusive for most marijuana […] Read more





Cannabis 2.0: Could craft cannabis be southern Alberta’s newest cash crop?

A new 60-acre business incubator in Taber aims to create a complete supply chain for craft cannabis and hemp products

Cannabis 2.0 is coming soon to Canada — and one Alberta business hopes to be on the ground floor of this growing industry. “We’re trying to reduce the risk and eliminate the barriers of entry that many people are having trying to get into the cannabis business,” said Lindsay Blackett, CEO of the Grasslands Taber […] Read more

Cannabis patients boost Aurora edible sales

Toronto | Reuters — Aurora Cannabis this week became the first major Canadian company to sell edibles and vapes for medical use, a small base that nevertheless helps shore up margins and paves the way for sales in the much larger European medical market. Medical marijuana has been legal in Canada since 2001, and recreational […] Read more


Constellation tightens grip on Canopy with CEO appointment

Reuters — Constellation Brands finance head David Klein will take over in January as CEO of pot producer Canopy Growth Corp., hardening up the Corona beer maker’s control of a company into which it has sunk US$4 billion. Klein was appointed Canopy chairman in October after Constellation booked a $430 million net loss related to […] Read more

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