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(Aphria.ca)
Crops

Ontario marijuana producer Aphria’s CEO to step down

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Reuters — Canadian pot producer Aphria’s co-founder and CEO Vic Neufeld is stepping down, at a time the company is facing questions about its deals in Latin America and a recent slump in its shares. The Leamington, Ont. company also said its marijuana sales nearly doubled in the second quarter driving overall revenue to $21.7
(Video screengrab via Aphria.ca)
Crops

Aphria says proposed hostile bid undervalues company

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Reuters — Canadian cannabis producer Aphria said on Friday Green Growth Brands’ proposed $2.8 billion all-stock hostile bid “significantly” undervalued the company. Ohio-based cannabis retailer Green Growth, which merged with Xanthic Biopharma in November, said on Thursday it would offer 1.5714 shares for each Aphria share. The company said its valuation was based on a
(Video screengrab via Aphria.ca)
Crops

U.S. hostile play launched for Ontario pot producer Aphria

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Reuters — U.S. cannabis company Green Growth Brands said on Thursday it would make a takeover bid for Aphria Inc., valuing the Canadian pot producer at $2.8 billion. The all-stock offer comes at a time when several companies are looking to partner with or buy pot firms to explore opportunities in the Canadian cannabis sector
Greenhouse facilities under construction in Ontario for Peace Naturals, a Cronos Group subsidiary. (PeaceNaturals.com)
Crops

Altria to marry Canadian pot with big tobacco

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Reuters — Marlboro cigarette maker Altria Group announced a $2.4 billion investment in Cronos Group on Friday, which could give it up to 55 per cent ownership of the Canadian cannabis producer. The deal represents by far the biggest investment by a major tobacco conglomerate in a cannabis company. It comes after Canada legalized the
(CanopyGrowth.com)
Crops

Pot firm Canopy’s loss widens as spending surges

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Reuters — Canadian cannabis producer Canopy Growth posted a bigger-than-expected quarterly net loss on Wednesday as it ramped up spending in the run up to the legalization of recreational use of pot in mid-October, sending its shares down nine per cent. Marijuana companies in Canada have been pouring cash into their businesses to both fend
Close up of a pile of marijuana bud
Opinion, Other

Opinion: The cannabis connection

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With the legalization of recreational marijuana upon us, have we fully considered the influence this new commodity will have on agriculture? For instance, food production may be affected through competition for farmland and farming expertise. Also, international trade partners may take greater caution when importing Canadian food products. Under the federal legislation to legalize the
A hemp plant in Alberta. (Jennifer Blair photo)
Crops

Cannabis’ cousin hemp entering new age too

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CNS Canada — As cannabis basks in the glow of the first day of its legalized recreational sale, its close cousin hemp is coming through its own year of change. Ted Haney, executive director of the Canadian Hemp Trade Alliance, said hemp growers are going through a year in which they are learning how to
(Aphria.ca)
Crops

Altria reported seeking stake in cannabis firm Aphria

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Reuters — Marlboro maker Altria Group is in talks for a stake in Canadian cannabis producer Aphria Inc., the Globe and Mail reported on Wednesday, citing multiple sources. The details of Richmond, Virginia-based Altria’s investment are still being finalized, though it has expressed interest in buying a minority stake in Aphria with the intention of

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