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Crops, Markets, Reuters

Cannabis-infused drinks fizzle on production, distribution challenges

'Actually executing the idea is much more difficult'

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Reuters — Investors pinning hopes on cannabis-infused drinks to propel growth of the legal marijuana industry may have to wait a bit longer, as companies struggle to produce and distribute the highly-sought beverages in a profitable way. Nearly 11 months after regulators allowed their sales, very few brands have been able to reach shelves. Canada […] Read more
Crops, Reuters

Canopy Growth may face challenges offloading assets, CEO says

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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
Crops, Reuters

Vape product concerns weigh on cannabis companies

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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
Crops

Cannabis edibles clear for legal launch before year-end

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Food products containing cannabis are expected to be on the retail market by mid-December at the earliest under new federal regulations announced Friday. Health Canada on Friday announced amendments to the Cannabis Regulations will be published June 26 to come into force Oct. 17, laying out rules for legal production and sale of edible cannabis, […] Read more
Crops

Aurora Cannabis to buy up all of processor Hempco

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Edmonton cannabis company Aurora Cannabis is set to buy up the balance it doesn’t already own in hemp processing firm Hempco Food and Fiber. Aurora announced Tuesday it will pay $1.04 a share for the remaining shares of Vancouver-based Hempco, which makes and sells Planet Hemp hemp-based foods and Praise hemp-based supplements for dogs and […] Read more
Crops, Reuters

Tilray to buy hemp food maker Manitoba Harvest

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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
Crops, Reuters

Labatt to partner with Tilray to tap cannabis drink market

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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
Crops

Cannabis’ cousin hemp entering new age too

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CNS Canada — As cannabis basks in the glow of the first day of its legalized recreational sale, its close cousin hemp is coming through its own year of change. Ted Haney, executive director of the Canadian Hemp Trade Alliance, said hemp growers are going through a year in which they are learning how to […] Read more

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