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The Red River in southern Winnipeg. (File photo by Dave Bedard)
Weather

U.S. agency sees high spring flood risk for Red River

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As most of Western Canada continues to brace for frigid temperatures, some in southern Manitoba are already preparing for a messy spring. The U.S. National Weather Service on Thursday reported the Red River is in danger of significant flooding due to rapid snowmelt in March. Its report stated the risk for significant snowmelt flooding is
(Screengrab from Manitoba Harvest corporate video via YouTube)
Crops

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
(Aphria.ca)
Crops

U.S. firm launches second hostile bid for pot producer Aphria

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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
(Aphria.ca)
Crops

Ontario marijuana producer Aphria’s CEO to step down

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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
(Video screengrab from Enlist.com)
Crops

Assure herbicide’s active ingredient under new ownership

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Now being put to work in Enlist corn, the active ingredient in Assure II herbicide has a new owner. California-based American Vanguard Corp., the owner of ag chemical producer Amvac Chemical, announced Thursday it has bought the quizalofop-p-ethyl (QPE) product line of herbicides from DowDuPont’s ag division, Corteva Agriscience, for an undisclosed sum. A Group
(Video screengrab via Aphria.ca)
Crops

Aphria says proposed hostile bid undervalues company

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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
(Video screengrab via Aphria.ca)
Crops

U.S. hostile play launched for Ontario pot producer Aphria

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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
(Chictype/iStock/Getty Images)
Crops

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

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