GFM Network News


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BAT looks beyond tobacco to Canadian marijuana

Lucky Strike cigarette maker buys into Moncton's Organigram

Reuters — British American Tobacco (BAT) said Thursday it will buy a nearly 20 per cent stake in New Brunswick-based cannabis producer Organigram for about 126 million pounds (C$221.3 million) as it seeks to expand beyond its main tobacco business. Organigram, headquartered at Moncton, grows cannabis and makes cannabis-derived products in the Canadian market, where



The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

Fictional nation Wakanda removed from USDA trade list

Reuters — The U.S. Department of Agriculture (USDA) said it removed the fictional country of Wakanda from an online list of nations that have free trade agreements with the United States on Thursday. The Kingdom of Wakanda is the home of Black Panther, the Marvel superhero, and is portrayed in comic books and the 2018

Vegetation growth index for the Prairie provinces compared to average as of May 26. (CCAP)

Canadian crop development behind average

MarketsFarm — Crop development is running behind average across much of Canada, with excessive moisture delaying seeding in Ontario and dryness slowing crop development across the Prairies. That’s according to the latest satellite data from the federal Crop Condition Assessment Program (CCAP), created in partnership between Statistics Canada and Agriculture and Agri-Food Canada. Crop development




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Labatt to partner with Tilray to tap cannabis drink market

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

Greenhouse facilities under construction in Ontario for Peace Naturals, a Cronos Group subsidiary. (PeaceNaturals.com)

Altria to marry Canadian pot with big tobacco

Reuters — Marlboro cigarette maker Altria Group announced a $2.4 billion investment in Cronos Group on Friday, which could give it up to 55 per cent ownership of the Canadian cannabis producer. The deal represents by far the biggest investment by a major tobacco conglomerate in a cannabis company. It comes after Canada legalized the


World crop briefs: North Carolina losing crops, livestock to Florence

CNS Canada — Record-setting rain and floods in North Carolina caused by Hurricane Florence have destroyed the state’s poultry sector with 3.4 million chickens and turkeys reported killed. Pig losses are estimated at 5,500. Widespread power outages and flooded roads are making it difficult to get help to abandoned livestock operations. The state is home