U.S. renewable diesel producers utilized 77 per cent of their total operable capacity in October, the highest since July 2024, the data showed. Biodiesel plant utilization rose to 89 per cent, the highest since June 2023.
US biofuel producers ramped up in Oct as profitability improved, data shows
Canada’s renewable diesel projects hit by US import surge
Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia's low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of exports from the United States.
U.S. Senate Democrats roll out draft bill to legalize weed
Reuters — Three top U.S. Democratic senators on Wednesday unveiled a discussion draft of a bill that aims to legalize cannabis, a move that would allow adult Americans to buy and possess up to 10 ounces of marijuana without facing criminal penalties. The Cannabis Administration and Opportunity Act floated by Senate majority leader Chuck Schumer,
Canopy Growth to buy rival Supreme Cannabis
Deal comes as pot demand lights up
Reuters — Canopy Growth Corp. said Thursday it will buy rival Supreme Cannabis for $323.3 million, as the world’s biggest cannabis producer bolsters its portfolio to tap surging demand. Shares of Canopy, up 15 per cent this year, fell around 4.6 per cent to $36 after it announced the cash-and-stock deal for Supreme, which owns
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
As customers hoard pot brownies, weed firms see lockdown boost
Reuters — Cannabis sales are touching new highs as customers across the U.S. and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic. Between March 16 and 22, sales of recreational cannabis across California, Colorado, Oregon and Alaska — some of the key U.S. markets — were up 50
Cyber-Savvy Farmer
