GFM Network News


File photo of a rye field in Kazakhstan. (Stsmhn/iStock/Getty Images)

Kazakhstan’s president orders ban on foreign ownership of farmland

Almaty | Reuters — Kazakhstan will permanently ban foreigners from owning or renting farmland in the vast central Asian nation, President Kassym-Jomart Tokayev said on Thursday, ending a lengthy dispute that once prompted anti-government protests. Kazakhstan is a major producer of grains, oilseeds and meat in the former Soviet region sandwiched between China and Russia […] Read more

(FireAndFlower.com)

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


Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Margarita Louis-Dreyfus seals share buyout

Paris | Reuters –– Margarita Louis-Dreyfus has completed a purchase of minority shares in agricultural commodity trader Louis Dreyfus Company, ending a long-running tussle with other family members. The buyout was completed on Jan. 25 and increased the stake of Margarita Louis-Dreyfus’ Akira trust to 96.2 per cent of Louis Dreyfus Company Holdings B.V., she […] Read more

(GDTerminal.com)

Viterra closes deal for Gardiner Dam Terminal

Central Saskatchewan’s Gardiner Dam Terminal is expected to go full Viterra within months, now that the Regina grain firm has completed its deal for full control of the facility. Shareholders in GDT voted Dec. 13 in favour of the deal announced last month in which Viterra buys the half of GDT it doesn’t already own […] Read more


A worker pushes a cart of marijuana plants at the Canopy Growth facility at Smiths Falls, Ont. on Jan. 4. (File photo: Reuters/Chris Wattie)

Corona owner pours more funds into weed producer

Reuters — Corona beer maker Constellation Brands will invest a further $5 billion in Canada’s top cannabis producer Canopy Growth, doubling down on one of a growing number of bets by the alcohol industry in legal pot. Constellation was among the first major alcohol producers to invest in marijuana production when it pumped about $245 […] Read more