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Cannabis grower Steve Dillon tends to his plants on his farm in Humboldt County, California, Aug. 28, 2016.
News

‘Green rush’: Cannabis boom squeezing farmland in North America

Legalization and decriminalization have led to greater demand for places to produce the drug

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Thomson Reuters Foundation – While the coronavirus pandemic has caused the collapse of retail businesses across the globe, there is one thing people have been buying more of during months of lockdown: marijuana. The legal cannabis industry set sales records across the United States and Canada over the past six months, according to cannabis analytics
A Meta Cannabis retail store on Yonge Street in Toronto. (CNW Group/Meta Growth)
Crops, Other

Canadian cannabis retailers poised to merge

High Tide, Meta Growth to create biggest weed retailer

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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)
Crops, Markets, Other

Cannabis industry readies for M+A after COVID-19 boosts weed demand

Companies betting on U.S. market growth after election

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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
Aurora Cannabis in November 2019 opened a flagship retail store at the West Edmonton Mall, describing the 11,000-square foot shop as “both a retail cannabis store and an immersive experiential space.” (CNW Group/Aurora Cannabis Inc.)
Crops, Markets

Aurora Cannabis to shut five Canadian grows

Closures mean layoffs for 30 per cent of firm's production staff

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Edmonton marijuana producer Aurora Cannabis is poised to close five of its grow sites across Canada and lay off almost a third of its production workforce. The company on Tuesday announced next steps in the “business transformation plan” it launched in February to “better align the business financially with the current realities of the cannabis
cannabis background
News

Pot crop receipts obscure farm income figures

Measured by cash receipts cannabis ranks fourth behind canola, wheat and soybeans

By
It didn’t take long for cannabis to become a major crop in Canada. It was legalized for recreational use in October 2018. In 2019 cannabis cash receipts of $2.3 billion put it fourth behind canola ($8.6 billion), wheat, excluding durum ($5.4 billion), and soybeans ($2.5 billion). Cannabis narrowly beat grain corn which in 2019 generated
Plants at Delta 9 Cannabis’ indoor production facility in Winnipeg. (Dave Bedard photo)
Markets

Legalization lifts Canada’s net farm income in 2019

Livestock receipts up, unsmokeable crop receipts lower

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A significant year-over-year increase Canada booked last year in realized net farm income rests mainly on 2019’s status as the country’s first full year in the recreational cannabis market. Statistics Canada on Tuesday released full-year data on farm income, pegging Canada’s realized net farm income for 2019 at $4.9 billion — a 10.4 per cent
Delta 9 gets green light for automated cannabis packing line
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

By
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.
Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)
Crops

Canopy Growth to close Saskatchewan pot plant

Ontario company stepping out of other international plays

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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
Cannabis plants at a licensed indoor production facility in Winnipeg. (Dave Bedard photo)
Crops

Ontario drops weed from essentials list

Officials call for further intervention

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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,

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