GFM Network News


Cannabis-infused drinks fizzle on production, distribution challenges

'Actually executing the idea is much more difficult'

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

B.C. ag minister, critic expected to win re-election

NDP projected to form majority government

British Columbia’s incumbent agriculture minister and opposition ag critic both appear set to head back to the provincial legislature as the New Democrats are projected to end three years of tentative minority governing. John Horgan’s NDP, which in 2017 overturned a minority Liberal government with the help of the Green Party, was projected Saturday evening


Federal fund, Alberta government back irrigation upgrades

Infrastructure Bank lends cash for system improvements

Eight irrigation districts in Alberta are set to tap into the Canada Infrastructure Bank’s new $1.5 billion pool of funding earmarked for irrigation, to receive loans worth about $407.5 million. The Alberta and federal governments on Friday announced a total investment of $815 million — including repayable CIB funds, provincial support and irrigation district contributions


Cannabis grower Steve Dillon tends to his plants on his farm in Humboldt County, California, Aug. 28, 2016.

‘Green rush’: Cannabis boom squeezing farmland in North America

Legalization and decriminalization have led to greater demand for places to produce the drug

Thomson Reuters Foundation – While the coronavirus pandemic has caused the collapse of retail businesses across the globe, there is one thing people have been buying more of during months of lockdown: marijuana. The legal cannabis industry set sales records across the United States and Canada over the past six months, according to cannabis analytics


Throne speech commits to rural broadband improvement

Rural health care, water management also on deck

The federal minority Liberal government is promising job creation, better rural internet access and a commitment to combating climate change in its newly revealed legislative plans. In an ambitious throne speech delivered Wednesday, Prime Minister Justin Trudeau’s party committed itself to implementing universal child care and extending or enhancing many of the economic measures put

New Brunswick returns ag minister, ag critic in election

Liberals' former ag minister among casualties

New Brunswick’s incumbent agriculture minister and opposition ag critic are among those returning to the legislative assembly as the provincial Tories locked in a governing majority. As of 9 p.m. CT Monday, incumbent Premier Blaine Higgs’ Progressive Conservatives, who went into the vote with a 22-seat minority government, were elected in 27 of 49 ridings.

La Nina present, 75 per cent chance seen through 2020 winter

Reuters — La Nina conditions were present in August, and have a 75 per cent chance of continuing through the Northern Hemisphere winter of 2020-21, a U.S. government weather forecaster said on Thursday. The La Nina pattern is characterized by unusually cold temperatures in the equatorial Pacific Ocean. A borderline moderate La Nina event is


Canadian cannabis retailers poised to merge

High Tide, Meta Growth to create biggest weed retailer

Two major Canadian cannabis sellers are poised to create the largest pot retailer in the country by revenue. Calgary retailer High Tide Inc., which operates the Canna Cabana chain of stores in three provinces, announced a merger deal Friday to take up Toronto-based Meta Growth Corp., which runs the Meta Cannabis and NewLeaf Cannabis chains.

Cannabis industry readies for M+A after COVID-19 boosts weed demand

Companies betting on U.S. market growth after election

Reuters — After nearly a year of next-to-no dealmaking, cannabis companies are gearing up for mergers and acquisitions (M+A) as realistic stock valuations and the prospect of U.S. legalization attract buyers to a sector that has been decimated by oversupply and other issues, executives and investors say. Profitable cannabis companies want to buy their way