GFM Network News

Delta 9 gets green light for automated cannabis packing line

Other expansions to the grow facility postponed in the wake of the COVID-19 pandemic

Cannabis company Delta 9 has government clearance to begin using its on-site, automated packing and processing facility. “This approval will allow us to streamline and automate our packaging and labelling activities and improve our ability to bring consumer-packaged cannabis products to market,” said Delta 9 CEO John Arbuthnot in a news release on April 13.

Canopy Growth to close Saskatchewan pot plant

Ontario company stepping out of other international plays

A major indoor cannabis grow site at Yorkton, Sask. is the latest casualty as pot producer/retailer Canopy Growth adjusts its worldwide footprint. Smiths Falls, Ont.-based Canopy Growth, whose cannabis brands include Tweed, Tokyo Smoke, Van der Pop and Spectrum Therapeutics, announced Thursday it will shut down its Tweed Grasslands production facility at Yorkton to “further

Ontario drops weed from essentials list

Officials call for further intervention

Reuters — Ontario’s government on Friday removed cannabis from a list of essential businesses allowed to operate during the lockdown, as part of its efforts to further restrict contact amid a deepening coronavirus crisis. The move comes after health officials projected 80,000 COVID-19 coronavirus cases and about 1,600 deaths by month end under current policies,

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

Concerns about supply chain issues and a slowdown in consumer spending due to coronavirus fears are weighing heavily on the cannabis sector.

Cannabis funds inch higher after touching all-time lows

The legal weed sector faces declining market fundamentals

Reuters – Exchange-traded funds that invest in cannabis stocks rebounded March 10, one day after a global equity rout dropped them to all-time lows. The $509-million ETFMG Alternative Harvest ETF gained 2.2 per cent in afternoon trade, while the $318-million Horizon Marijuana Life Sciences ETF rose 1.8 per cent during a market rally that pushed

Cannabis plants about two weeks after transplant into their growing pod.

The gram tour: Cannabis grower Delta 9 opens its doors

Delta 9 has made recreational cannabis production high tech and highly efficient

It smells great. Not skunky or sour, but floral, citrusy — in some corridors, a little spicy. The walls are blazing white. A few employees, nearing the end of their shift, slip past in colour-coded scrubs. Delta 9 CEO John Arbuthnot swipes a key card and opens the door to a shipping container room where

Canopy Growth to shut two B.C. greenhouses, cut 500 jobs

Niagara greenhouse plans also shelved

Reuters — Pot producer Canopy Growth Corp. said on Wednesday it plans to close two of its greenhouses in Aldergrove and Delta, B.C., cutting about 500 positions. The company also said it no longer plans to open a third greenhouse in Niagara-on-the-Lake, Ont. Canopy had said last month it aims to focus on reducing costs,

Canopy Growth may face challenges offloading assets, CEO says

Reuters — Canada’s biggest cannabis producer, Canopy Growth Corp., could face challenges offloading assets as it seeks to winnow its facilities down to focus on its most lucrative markets and products, its CEO told Reuters. The company, which reported a smaller-than-expected third-quarter loss on Friday, is conducting a “thorough strategic review” of its production facilities

More pain in store for Canadian marijuana companies

Aurora Cannabis, Tilray cut jobs

Toronto | Reuters — Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed companies, Aurora Cannabis and Tilray announced cost reductions this week. Canada legalized recreational cannabis in October 2018 but profits have proven elusive for most marijuana

Tilray, in cost reduction mode, cuts 10 per cent of workforce

Toronto | Reuters — Tilray Inc. has cut 10 per cent of its 1,443-strong workforce as part of a global restructuring effort to reduce costs, the cannabis producer said Tuesday. “By reducing headcount and cost, Tilray will be better positioned to achieve profitability and be one of the clear winners in the cannabis industry,” the