Aphria raising $225 million for expansions, facilities, possible acquisitions

Aphria raising $225 million for expansions, facilities, possible acquisitions
LEAMINGTON, Ont. — Aphria Inc. says it’s raising $225 million to pay for new and expanded cannabis facilities in Canada, as well as potential global expansion and acquisitions. The Leamington, Ont.-based cannabis producer says some of the funds will go towards a new $55 million extraction facility that will use a variety of methods to produce concentrated cannabis products like oils. The company says... Read More

Strain relations: Cannabis companies tread carefully at music festivals

Strain relations: Cannabis companies tread carefully at music festivals
TORONTO — Beyond the beer tents and poutine trucks at last weekend’s Field Trip music festival in Toronto, concertgoers got a taste of what many cannabis brands hope is a step towards the future of live music sponsorship. A fair distance from the event’s two stages, representatives for licensed producer Tweed Inc. were prepared to talk everything pot and pending legalization in Canada. They handed out free swag... Read More

Trans Mountain deal fails to change Suncor position on Canadian competitiveness

Trans Mountain deal fails to change Suncor position on Canadian competitiveness
CALGARY — The CEO of Suncor Energy Inc. says it will continue to avoid spending on large growth projects in Canada despite the federal government’s move last week to purchase the Trans Mountain pipeline system and its stalled expansion from Kinder Morgan Canada Ltd. The $4.5-billion sale to ensure the project is built doesn’t change his view that Canada is falling behind other nations, notably... Read More

Can’t ‘sugar coat’ the ‘offside’ actions of U.S., investor uncertainty: Morneau

Can’t ‘sugar coat’ the ‘offside’ actions of U.S., investor uncertainty: Morneau
TORONTO — Federal Finance Minister Bill Morneau says he can’t “sugar coat” the “offside” actions of the U.S. government and the resulting uncertainty for investors in G7 countries, but he expects cooler heads will prevail. Morneau says its a “challenging time” but the government hopes to provide certainty as it works to improve Canada’s relationship with the U.S. The minister was speaking at a... Read More

China’s Huawei says it hasn’t collected Facebook user data

China’s Huawei says it hasn’t collected Facebook user data
BEIJING — Chinese mobile phone maker Huawei said Wednesday it has never collected or stored Facebook user data, after the social media giant acknowledged it shared such data with Huawei and other manufacturers. Huawei, a company flagged by U.S. intelligence officials as a national security threat, was the latest device maker at the centre of a fresh wave of allegations over Facebook’s... Read More

Air Canada and Air China sign joint venture agreement to increase co-operation

Air Canada and Air China sign joint venture agreement to increase co-operation
MONTREAL — Air Canada and Air China have signed a joint venture agreement that will increase co-operation on flights between Canada and China and on key connecting domestic flights in both countries. The airlines say it is the first joint venture agreement between a Chinese and North American airline. The joint venture is expected to be phased in over the next... Read More