Drake launches cannabis brand More Life Growth in partnership with Canopy Growth

Drake launches cannabis brand More Life Growth in partnership with Canopy Growth
TORONTO — Drake rapped about starting from the bottom, but his new venture in the cannabis industry is certainly a higher business. The Toronto-raised performer has signed an investment partnership to launch More Life Growth Co., a licensed cannabis producer that’ll be based in his hometown. The deal, struck with Canopy Growth Corp., gives Drake a 60-per-cent stake in the More Life... Read More

Quebec, swimming in cash, plans $850 million in new spending aimed at families

Quebec, swimming in cash, plans $850 million in new spending aimed at families
Quebec’s economy is humming, allowing the government to shower Quebecers with more than $850 million in extra spending this fiscal year — mostly on families with children — and pay down billions of dollars of debt. The province should finish the 2019-2020 fiscal year with a $1.4-billion surplus, fuelled by a 2.4 per cent increase in GDP in 2019 — 0.6 per cent higher than the growth... Read More

Saudis recruited Twitter workers to spy on critics, US says

Saudis recruited Twitter workers to spy on critics, US says
SAN FRANCISCO — Saudi Arabia, frustrated by growing criticism of its leaders and policies on social media, recruited two Twitter employees to spy on thousands of accounts that included prominent opponents, U.S. prosecutors have alleged. A complaint unsealed Wednesday in U.S. District Court in San Francisco detailed a co-ordinated effort by Saudi government officials to recruit employees at the social... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,805.75 , up 60.11 points.) Kinross Gold Corp. (TSX:K). Materials. Down 80 cents, or 12.6 per cent, to $5.55 on 10.7 million shares Manulife Financial Corp. (TSX:MFC). Financials. Up 31 cents, or 1.22 per cent, to $25.78 on 8.9 million shares. Katanga Mining Ltd. (TSX:KAT). Materials.... Read More

Bruce Linton named executive chairman at U.S. cannabis firm Vireo

Bruce Linton named executive chairman at U.S. cannabis firm Vireo
MINNEAPOLIS — Canopy Growth Corp. founder Bruce Linton has been named executive chairman of U.S. cannabis company Vireo Health International Inc. The company says he will serve on the board of directors and work closely with Vireo chief executive and founder Kyle Kingsley. Vireo produces and sells cannabis and pharmaceutical-grade cannabis extracts. The company is licensed in 11 markets. Linton is... Read More

Early Gen-Xers are coming of age to begin collecting seniors discounts

Early Gen-Xers are coming of age to begin collecting seniors discounts
TORONTO — Early Gen-Xers may find it uncomfortable to admit, but they have joined their parents in being old enough to claim senior discounts. The eldest members of the cohort born between 1965 and 1979 can save money by targeting their spending. While most retailers only offer discounts to Canadians that reach the traditional age of retirement, some give customers a... Read More

Maple Leaf Foods to reduce environmental footprint and become carbon neutral

Maple Leaf Foods to reduce environmental footprint and become carbon neutral
MISSISSAUGA, Ont. — Maple Leaf Foods Inc. says it plans to reduce its environmental footprint and become carbon neutral. The company says its plan is based on reducing emissions and investing in environmental projects in Canada and the United States. It says the projects will support wind energy, forest protection and re-forestry, as well as the recovery of methane to reduce emissions... Read More

Canopy Growth teaming up with Drake on new cannabis venture More Life Growth Co.

Canopy Growth teaming up with Drake on new cannabis venture More Life Growth Co.
TORONTO — Canopy Growth Corp. is teaming up with Drake to launch More Life Growth Co., a licensed cannabis producer based in Toronto. Under the agreement, Drake will hold a 60-per-cent stake in More Life and Canopy Growth will own the remaining 40 per cent. Canopy Growth will provide all of the day-to-day operations and maintenance of the More Life facility... Read More

Canadian Tire raises quarterly dividend, reports Q3 revenue up from year ago

Canadian Tire raises quarterly dividend, reports Q3 revenue up from year ago
TORONTO — Canadian Tire Corp. raised its dividend as it reported its third-quarter revenue edged higher. The retailer says it will now pay a quarterly dividend of $1.1375 per share, an increase of 10 cents. The increased payment to shareholders came as Canadian Tire reported a profit attributable to shareholders of $197.2 million or $3.20 per diluted share for its... Read More