GFM Network News


Video screengrab of Michael Palin (l) and John Cleese in the Cheese Shop sketch on Monty Python’s Flying Circus in 1972.

Saputo to buy British cheesemaker Wensleydale

Canadian dairy firm expands U.K. assets

One of the world’s largest dairy processors is set to expand its reach further into the U.K. with a deal for the maker of Yorkshire Wensleydale cheese. Montreal-based Saputo announced Monday it has an all-cash deal in place to buy Wensleydale Dairy Products Ltd. for 23 million pounds (about C$39.7 million). Pending U.K. regulatory approvals,

Syngenta’s headquarters in Basel, Switzerland. (Photo courtesy Syngenta)

Syngenta’s Shanghai IPO to fund growth, acquisitions

Hong Kong/Zurich | Reuters — Syngenta Group will use the proceeds from its US$10 billion initial public offering (IPO) to fund internal growth and an acquisition spree to snare more of the $100 billion market for seeds and sprays, the agrichemical giant said on Friday. The company’s prospectus to list on Shanghai’s Nasdaq-style STAR Market


(RecipeFranchising.com)

Second Cup owner to buy Milestones dining chain

Foodtastic plans to expand brand to Quebec

Future growth of the Milestones chain of grill-and-bar restaurants across Canada will take place under different ownership. Vaughan, Ont.-based Recipe Unlimited, owner of fast-casual and dining chains such as Swiss Chalet, The Keg, Harvey’s, St-Hubert and Montana’s, announced Monday it will sell the Milestones chain to Foodtastic, owner of the Second Cup and Nickels Deli

A Meta Cannabis retail store on Yonge Street in Toronto. (CNW Group/Meta Growth)

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.

Plants at Delta 9 Cannabis’ indoor production facility in Winnipeg. (Dave Bedard photo)

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



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

Grain trade regional tie-ups seen more likely over mega-deals

Paris | Reuters — The agricultural trading industry can expect more consolidation at a regional level in an effort to improve margins, but big deals between global merchants are becoming more difficult, Louis Dreyfus’ CEO said. Merchants have been grappling with lower profits from sourcing and shipping commodities such as grain and oilseeds, prompting cutbacks

Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)

Input Capital to consider company sale, merger, cannabis

Possible options including a sale, merger or moving into the cannabis business are now on the table for “commodity streaming” canola firm Input Capital Corp. Regina-based Input, which trades publicly on the TSX Venture Exchange, announced Wednesday its board has launched a “comprehensive review of strategic alternatives to enhance shareholder value.” The review, which will


(Bayer.com)

Singapore firm hikes Bayer stake in share sale

Frankfurt | Reuters — German drugmaker Bayer is raising three billion euros (C$4.67 billion) toward its planned US$62.5 billion takeover of seed and chemical firm Monsanto by selling a 3.6 per cent stake to Singapore’s state investment company Temasek. Bayer said it had struck a deal with Temasek under which it would issue shares with

(Arysta.cl)

Arysta plans market expansion in Western Canada

CNS Canada — Arysta LifeScience, a crop chemical company known in Western Canada for its line of Everest products, now wants to become a household name for Prairie farmers. Platform Specialty Products, Arysta’s parent company, last Aug. 24 announced plans to separate its agricultural solutions and performance solutions segments. Platform Specialty chairman Martin Franklin said