Couche-Tard wants to be a player in the sale of cannabis

Couche-Tard wants to be a player in the sale of cannabis
LAVAL, Que. — Alimentation Couche-Tard Inc. wants to be one of the “key players” in the North American cannabis market by using its position in Canada — where use of the substance for recreational purposes is legal — to achieve this goal. But the expertise to be developed by the operator of convenience stores and gas stations in selling the drug will have to... Read More

Tim Hortons cuts imitation meat products from menus except in Ontario and B.C.

Tim Hortons cuts imitation meat  products from menus except in Ontario and B.C.
TORONTO — Tim Hortons will be removing imitation meat sandwiches from thousands of Canadian locations other than in B.C. and Ontario Parent company Restaurant Brands International Inc. says it is pulling Beyond Meat vegetable-based burgers and breakfast sandwiches from menus in all provinces except B.C. and Ontario, where the “positive reaction” means customers can continue to enjoy them. In an email, spokeswoman Jane... Read More

Former Canopy co-CEO Bruce Linton sees big opportunity in psychedelics

Former Canopy co-CEO Bruce Linton sees big opportunity in psychedelics
Canopy Growth Corp.’s co-founder and recently ousted co-chief executive has his eye on a new frontier for medicine beyond cannabis: psychedelics. Bruce Linton said he will be a director at Mind Medicine, an Australian-based entity that is seeking to establish safe psychedelic-assisted treatments for mental illness, such as medicinal psilocybin and medicinal MDMA. He sees the opportunity for psychedelics as medicine... Read More

How to tame addiction to subscriptions that can be a hidden drain on finances

How to tame addiction to subscriptions that can be a hidden drain on finances
TORONTO — When it comes to spending, it’s often easy to overlook the small, routine expenses because they happen without requiring much thought. “We often say that people can nickel and dime themselves to death,” says Laurie Campbell, CEO of Credit Canada. “Because it’s those small expenses that eat away at your budget.” Although there have always been many opportunities... Read More

Empire Co. Ltd. reports $130.6M Q1 profit, up from $95.6M a year ago

Empire Co. Ltd. reports $130.6M Q1 profit, up from $95.6M a year ago
STELLARTON, N.S. — Empire Co. Ltd. says it earned a profit of $130.6 million in its latest quarter, up from $95.6 million in the same quarter last year. The parent company of the Sobeys grocery chain says the profit amounted to 48 cents per share for the 13 weeks ended Aug. 3. That’s compared with a profit of 35 cents... Read More

Meat-subscription-box companies take over marketing chores for farmers

Meat-subscription-box companies take over marketing chores for farmers
VANCOUVER — While working door-to-door pitching deals for a year’s worth of frozen meat, Marc Lafleur realized consumers want quality, local meat, but can’t afford the freezer space or the cash to do it. He co-founded TruLocal, one of many meat-subscription-box companies to start delivering in Canada in recent years to feed consumer cravings for local, ethically raised meat without... Read More

Agriculture could add $11B a year to Canada’s GDP by 2030, report finds

Agriculture could add $11B a year to Canada’s GDP by 2030, report finds
Canada’s agriculture industry could generate an additional $11 billion for the country’s gross domestic product annually by 2030 if the government invests in people and technology, according to a new report. “The demand for food is growing significantly and it’s going to be massive in the 2020s,” said John Stackhouse, senior vice president at RBC and contributor to the report. By 2030, there will be... Read More

Canadian exports to lobster-loving China soar as U.S. sales plunge amid tariffs

Canadian exports to lobster-loving China soar as U.S. sales plunge amid tariffs
MONTREAL — China is awash in Canadian lobsters as exports from the East Coast soar to fill the gap left by Beijing’s retaliatory tariffs against the U.S. China, a huge and growing customer for lobster, placed heavy tariffs on U.S. lobsters — and many other food products — in July 2018 amid rising trade hostilities between the Chinese and the... Read More

Companies push ahead on pot gummy plans despite hazy regulations

Companies push ahead on pot gummy plans despite hazy regulations
TORONTO — Chewy, colourful cannabis-infused gummies in bright colours and in the shape of animals or creatures are among the best-selling edible pot products on the black market — but Canadians shouldn’t expect them on legal shelves. Regulations that will make edibles legal come into force Oct. 17, exactly a year after Canada legalized the sale and purchase of dried and fresh cannabis, oil, seeds and plants. The rules laid out so far... Read More

Retail giants face pressure to change chemical-coated receipt paper

Retail giants face pressure to change chemical-coated receipt paper
TORONTO — Some of Canada’s biggest retailers say they’ve started testing alternatives to receipt paper that’s coated in potentially dangerous chemicals, as pressure mounts for them to phase it out by the end of this year. A conglomerate of health, labour and environmental groups has sent a letter to 13 retailers, including major grocers and fast-food chains, asking them to take... Read More