GFM Network News


Couche-Tard takes stake in cannabis retailer

One of Canada’s biggest convenience store operators is moving ahead on its stated goal of getting into the retail cannabis business. Edmonton-based cannabis retailer Fire + Flower announced Wednesday it has issued a $25.99 million debenture, convertible to a 9.9 per cent ownership stake, to Quebec’s Alimentation Couche-Tard. The Laval-based firm said its planned investment […] Read more

Metro plans automated distribution for Ontario

One of Canada’s biggest grocery chains plans to build new hubs to distribute both fresh and frozen foods to its Ontario stores. Quebec-based Metro Inc. said Wednesday it expects to put up $400 million to modernize and automate its Toronto operations between 2018 and 2023, building two new facilities for fresh and frozen food distribution […] Read more


Metro in ‘advanced’ talks to buy Jean Coutu chain

One of Eastern Canada’s major players in the grocery sector is in “advanced discussions” to take up one of the region’s major drugstore chains. Montreal-based Metro Inc. announced Tuesday it’s in “exclusive” talks with the Jean Coutu Group on the possibilities of a cash-and-stock takeover valued in some reports at around $4.5 billion. A non-binding […] Read more

U.S. clears Couche-Tard to buy CST, with conditions

Washington | Reuters — Alimentation Couche-Tard has won U.S. antitrust approval to buy rival CST Brands on condition that it sell up to 71 stores in eight states, the Federal Trade Commission said on Monday. Alimentation Couche-Tard, a major Canada-based chain of convenience stores and gas stations, said in August that it would buy the […] Read more


Couche-Tard to buy Corner Store owner in US$4.4B deal

Reuters — Canadian convenience store operator Alimentation Couche-Tard said on Monday it would buy U.S. convenience store chain CST Brands in a deal valued at about US$4.4 billion, boosting its presence in the southeastern U.S. and Eastern Canada. San Antonio, Texas-based CST is one of the largest publicly traded fuel retailers in North America and […] Read more