Author: CanadianInvestor

Fontaine Sante Foods buys Campbell Soup’s Garden Fresh Gourmet subsidiary

CanadianInvestor
Fontaine Sante Foods buys Campbell Soup’s Garden Fresh Gourmet subsidiary
MONTREAL — Fontaine Sante Foods is expanding in the United States with the acquisition of the Garden Fresh Gourmet, a subsidiary of Campbell Soup Co. Financial terms of the deal were not immediately available. The agreement includes Garden Fresh Gourmet’s two plants in Ferndale and Grand Rapids, Mich., where it employs more than 600 people. Garden Fresh Gourmet produces refrigerated salsa... Read More

Fast food players take tentative steps towards sustainable packaging

CanadianInvestor
Fast food players take tentative steps towards sustainable packaging
Two McDonald’s Canada restaurants will soon be testbeds for the company’s greener packaging initiatives, serving wooden cutlery, paper straws and other recycling-friendly packaging. The fast-food giant’s move is the latest in a wave of announcements from major chains pledging to reduce their reliance on plastic, but experts say the steps are small, often take a long time to expand nationally and, if not properly... Read More

Markets Right Now: Stocks gain, approaching another record

CanadianInvestor
Markets Right Now: Stocks gain, approaching another record
NEW YORK — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening broadly higher on Wall Street, erasing the market’s losses from May and setting the S&P 500 on course to reach another record high. Technology, health care and industrial companies led the way higher in early trading on Thursday. Every sector rose. The... Read More

Canada could hit pot oversupply as early as 2019, depending on edibles: BDS

CanadianInvestor
Canada could hit pot oversupply as early as 2019, depending on edibles: BDS
TORONTO — Canada could reach an oversupply of legal pot as soon as the end of this year, depending on how the rollout of edibles and other next-generation products impacts supply, a U.S. cannabis research analyst says. BDS Analytics’ managing director and principal analyst Tom Adams given the pattern in other markets, as well as the ability of Canada’s well-funded licensed producers... Read More

U2 guitarist won’t get to build mansions on Malibu hillside

CanadianInvestor
U2 guitarist won’t get to build mansions on Malibu hillside
MALIBU, Calif. — A plan by U2 guitarist The Edge to build a cluster of mansions on a ridgeline above Malibu appears to be dead after California’s highest court declined to consider his last-ditch appeal. The musician, whose real name is David Evans, staged a 14-year legal fight to build five large, eco-friendly homes dubbed Leaves in the Wind in... Read More

Shopify to open U.S. fulfilment centres as part of expanded offerings

CanadianInvestor
Shopify to open U.S. fulfilment centres as part of expanded offerings
TORONTO — Shopify Inc. has launched a network of fulfilment centres in the United States to expand its suite of offerings for merchants in the competitive world of online retail. The network will allow merchants large and small to gain access to advanced logistics technology and simplified warehousing and shipping, chief product officer Craig Miller said. “We’ve taken something that used to... Read More

Governments earned $186M in pot taxes in 5 months of legalization: StatCan

CanadianInvestor
Governments earned $186M in pot taxes in 5 months of legalization: StatCan
OTTAWA — Statistics Canada says federal and provincial governments earned $186 million in cannabis-related revenue in the first five-and-a-half months since legalization in October. The Ottawa-based agency says this revenue came from product-specific excise taxes and general taxes on goods and services such as the Harmonized Sales Tax. The federal government drew $19 million in excise taxes, while provincial governments got... Read More

Pressure BioSciences’ Ultra High Pressure HUB Platform Highly Effective in Studies to Develop Improved Methods for Food Safety

CanadianInvestor
Pressure BioSciences’ Ultra High Pressure HUB Platform Highly Effective in Studies to Develop Improved Methods for Food Safety
HUB Platform Plays Critical Role in Innovative Research Studies Designed to Increase Understanding of and Develop Methods for the Prevention of Serious Food-Borne Diseases Caused by E. coli and Listeria Pressure BioSciences, Inc. , a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide life sciences industry, today announced... Read More

CannTrust to enter U.S. CBD market via hemp joint-venture in California

CanadianInvestor
CannTrust to enter U.S. CBD market via hemp joint-venture in California
VAUGHAN, Ont. — CannTrust Holdings Inc. says it is entering the U.S. market for CBD, starting with a hemp production joint-venture in California. The Vaughan, Ont.-based licensed producer says it has signed a non-binding letter of intent with Elk Grove Farming Company to secure hemp with high cannabidiol (CBD), the non-intoxicating compound found in cannabis and hemp. Under the deal, the joint-venture will secure... Read More