Possible options including a sale, merger or moving into the cannabis business are now on the table for “commodity streaming” canola firm Input Capital Corp. Regina-based Input, which trades publicly on the TSX Venture Exchange, announced Wednesday its board has launched a “comprehensive review of strategic alternatives to enhance shareholder value.” The review, which will […] Read more
Input Capital to consider company sale, merger, cannabis
U.S. firm launches second hostile bid for pot producer Aphria
Reuters — U.S. cannabis retailer Green Growth Brands said on Tuesday it would make a second all-stock takeover bid for Aphria, valuing the Canadian pot producer at about $2.35 billion. Several companies are looking to partner with or buy pot firms to explore opportunities in the Canadian cannabis sector after the country legalized recreational use […] Read more
Ontario marijuana producer Aphria’s CEO to step down
Reuters — Canadian pot producer Aphria’s co-founder and CEO Vic Neufeld is stepping down, at a time the company is facing questions about its deals in Latin America and a recent slump in its shares. The Leamington, Ont. company also said its marijuana sales nearly doubled in the second quarter driving overall revenue to $21.7 […] Read more
Aphria says proposed hostile bid undervalues company
Reuters — Canadian cannabis producer Aphria said on Friday Green Growth Brands’ proposed $2.8 billion all-stock hostile bid “significantly” undervalued the company. Ohio-based cannabis retailer Green Growth, which merged with Xanthic Biopharma in November, said on Thursday it would offer 1.5714 shares for each Aphria share. The company said its valuation was based on a […] Read more
U.S. hostile play launched for Ontario pot producer Aphria
Reuters — U.S. cannabis company Green Growth Brands said on Thursday it would make a takeover bid for Aphria Inc., valuing the Canadian pot producer at $2.8 billion. The all-stock offer comes at a time when several companies are looking to partner with or buy pot firms to explore opportunities in the Canadian cannabis sector […] Read more
Labatt to partner with Tilray to tap cannabis drink market
Toronto | Reuters — Anheuser-Busch InBev, the world’s largest brewer, and Canadian pot producer Tilray Inc. are partnering in a US$100 million joint venture to research cannabis-infused non-alcoholic drinks for the Canadian market, the companies said Wednesday. The alliance, the latest in a string of deals by global alcohol and tobacco giants in Canada’s cannabis […] Read more
‘Bigger pie’ seen for hemp as industry evolves
CNS Canada — Canada’s hemp industry will have an eventful year in 2019 as the industry expands with more processing facilities and legislative changes. One such legislative change was the legalization of hemp in the 2018 U.S. Farm Bill. The bill passed this week in both the U.S. Senate and House of Representatives and awaits […] Read more
Altria to marry Canadian pot with big tobacco
Reuters — Marlboro cigarette maker Altria Group announced a $2.4 billion investment in Cronos Group on Friday, which could give it up to 55 per cent ownership of the Canadian cannabis producer. The deal represents by far the biggest investment by a major tobacco conglomerate in a cannabis company. It comes after Canada legalized the […] Read more
Pot firm Canopy’s loss widens as spending surges
Reuters — Canadian cannabis producer Canopy Growth posted a bigger-than-expected quarterly net loss on Wednesday as it ramped up spending in the run up to the legalization of recreational use of pot in mid-October, sending its shares down nine per cent. Marijuana companies in Canada have been pouring cash into their businesses to both fend […] Read more
Don’t medicate your pets with pot products
Reading Time: < 1 minute Don’t “treat companion animals with cannabinoids” without first talking to your vet, says the Alberta Veterinary Medical Association. “While there is preliminary evidence to suggest cannabinoids have the potential to be beneficial for a number of medical conditions in companion animals, research into cannabinoids and their effects on pets is limited,” the association said in […] Read more
Cyber-Savvy Farmer
