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Cannabis plants at Delta 9’s Winnipeg production facility.
News

Delta 9 has intent to distribute

Company charts course to be involved in all aspects of industry, starting with distribution license

By
Winnipeg-based Delta 9 has become the first licensed cannabis distributor in Manitoba. This authorizes the firm to act as a middleman in the pot trade, authorized to acquire, store, sell and deliver cannabis in accordance with the Liquor, Gaming and Cannabis Control Act (Manitoba). [RELATED] Pot producer Canopy Growth to shed retail stores The firm
Photo: iStock/Getty Images Plus
Markets

Nutrien cuts 2022 profit forecast again on lower potash prices

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Reuters – Nutrien Ltd NTR.TO on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer maker down nearly 5 per cent in extended trading. The company also missed third-quarter profit estimates, hurt by cooling prices of crop nutrients as farmers cut fertilizer application
While some will appreciate Loblaw’s empathetic gesture, the grocer’s latest campaign will likely bring some cynicism.
Comment, Op/Ed

Comment: On Loblaw’s decision to freeze food prices

Some may be cynical about this effort, but it is unprecedented

By
For weeks now, many have called for Canadian grocers to voluntarily freeze prices for some grocery staples as we weather the current food inflation storm. Many Western economies have seen price freezes from grocers. The first grocer in the world to do this was more than six months ago. Canada has had no grocer pursuing
Province launches food business online resource
News

Province launches food business online resource

The site aggregates resources on business services, marketing, regulation

By
A new online resource is designed to help food business owners navigate regulatory, business and market requirements and challenges. “Whether you have a new food product idea, you see an unmet demand for local food, or you want to grow a food business, the Business Pathways website can help you build your future in food,”
Markets, News

Argentina grain inspectors threaten to walk out over company conflict

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Argentina’s union for grain inspectors has threatened to walk out over disagreements with an agro-export company in protests that could disrupt the country’s critical grains exports sector. The union, whose members include port workers and technicians who review grains loaded on boats, is in conflict with food exporting company Desdelsur SA over what it says
Syngenta’s headquarters in Basel, Switzerland, August 2019. Photo: Reuters/Arnd Wiegmann
Markets

Syngenta sales growth eases but still quite robust

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Reuters – Swiss agrichemicals and seeds group Syngenta on Thursday logged slightly slower – albeit still robust – growth in sales and core earnings for the third quarter. The Chinese-owned company, which plans to list within the next few months, said sales jumped 20 per cent to $7.9 billion in the three months to the
Bunge’s refined and specialty oils segment turned in stronger quarterly earnings in the Americas and Europe. Photo: Thinkstock

Crop merchant Bunge raises full-year profit outlook

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Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen
News

U.S. plans rule to protect livestock farmers from company retaliation

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Reuters – The U.S. Department of Agriculture is proposing regulations to prevent meat companies from retaliating against livestock and poultry farmers who speak out on practices such as price-fixing. The USDA also said it would work with state attorneys general to investigate anticompetitive practices in the agricultural sector that contribute to inflation. The moves aim
Editorial, Op/Ed

Guest Editorial: Big food investments growing in agriculture

By
Earlier this year McCain Foods Ltd. quietly purchased a little-known firm called Resson. Ten years ago, the news that a food company such as McCain purchased a predictive crop technology company would have raised a few eyebrows. Many may have wondered what a company known for its frozen French fries would want with a company

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