China’s economy growth cools further amid US tariff war

China’s economy growth cools further amid US tariff war
BEIJING — China’s economic growth slowed to its lowest level in a decade in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world’s second-largest economy grew 6.2% over a year ago, down from the previous quarter’s 6.4%, government data showed Monday. That was the weakest growth since the... Read More

Officials flagged 900 food items from China with ‘problems’ over two years

Officials flagged 900 food items from China with ‘problems’ over two years
OTTAWA — Canadian inspectors intercepted nearly 900 food products from China over concerns about faulty labels, unmentioned allergens and harmful contaminants that included glass and metal between 2017 and early 2019, according to internal federal records. The document provides an inside look at imports from China that caught the attention of officials for appearing to fall short of Canadian standards — from gum balls with... Read More

Smaller portions, bigger profit at PepsiCo in 2Q

Smaller portions, bigger profit at PepsiCo in 2Q
PURCHASE, N.Y. — PepsiCo reported better-than-expected profit and revenue in its most recent quarter thanks in part to U.S. price hikes. Pepsi raised prices last fall to cover higher transportation and aluminum costs. In a company conference call, some analysts expressed concern about the trend, saying they would like to see more balance between pricing and volume growth. But CEO... Read More

Quebec’s biggest agri-food company buys pork and milling assets of F. Menard

Quebec’s biggest agri-food company buys pork and milling assets of F. Menard
MONTREAL — La Coop federee, Quebec’s largest agri-food company, has signed a deal to buy the pork and milling assets of F. Menard. The two companies say La Coop’s Olymel division will absorb F. Menard’s slaughtering and processing operations, and the Sollio Agriculture division will handle the company’s animal feed operations. F. Menard employs more than 1,200 people with an annual production of over... Read More

Faux fish the next frontier in plant-based alternatives for seafood lovers

Faux fish the next frontier in plant-based alternatives for seafood lovers
TORONTO — The arrival of plant-based meats at chains including A&W and Tim Hortons is just the first step towards mainstream sustainable eating for Blair Bullus. The Vancouver flexitarian and businessman has his eye on the next frontier: Fish and seafood alternatives that — like Beyond Burger and Impossible Foods — mimic the look and taste of the real thing for pescatarians... Read More

Constellation Brands’ records US$106M loss in Q1 due to Canopy Growth

Constellation Brands’ records US$106M loss in Q1 due to Canopy Growth
VICTOR, N.Y. — Alcohol giant Constellation Brands Inc.’s latest quarterly revenues beat market expectations as its earnings were weighed down by a US$106−million loss in connection with its stake in Canopy Growth Corp. The U.S.−based maker of Corona beer and Kim Crawford wines posted net sales of US$2.1 billion for its financial first quarter of 2020, up from US$2.05 billion a year earlier and more than the US$2.07... Read More

Pressure BioSciences Enters CBD Market with Launch of Novel Instrument System to Revolutionize Manufacturing of High Quality, Water-Soluble CBD

Pressure BioSciences Enters CBD Market with Launch of Novel Instrument System to Revolutionize Manufacturing of High Quality, Water-Soluble CBD
Purchase Deposits for the New BaroShear K45 System Will be Accepted Immediately; Company Believes Sales into the CBD Market Could Double Current Revenue by Q2 2020 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 the launch of its BaroShear™... Read More

Empire Co. Ltd. reports fourth-quarter profit up, raises dividend

Empire Co. Ltd. reports fourth-quarter profit up, raises dividend
STELLARTON, N.S. — Empire Co. Ltd. raised its dividend as it reported a profit of $122.1 million in its latest quarter, up from $71.0 million in the same quarter last year. The company behind the Sobeys and Safeway grocery stores says it will increase its quarterly payment to shareholders by a penny to 12 cents per share. The improved dividend... Read More

Pot edibles may drive up life insurance premiums, depending on consumption level

Pot edibles may drive up life insurance premiums, depending on consumption level
TORONTO — Canadians looking to enjoy soon-to-be-legalized pot-infused edibles could get hit with higher insurance premiums — depending on the size of their appetite. Many insurers no longer treat cannabis users as cigarette smokers — who pay much higher premiums due to the high-risk activity — provided there is no tobacco or nicotine in the products they use. The shift came in recent years as Canada... Read More

Pressure BioSciences Announces Achievement of First Major Milestone in Development of Potential Breakthrough Processing Method for Higher Quality and Safer Food and Beverages

Pressure BioSciences Announces Achievement of First Major Milestone in Development of Potential Breakthrough Processing Method for Higher Quality and Safer Food and Beverages
Proprietary, Custom Built UST-Based Instrument Delivered to Collaborators at The Ohio State University; OSU Scientists to Study Pressure and Shear Effects on Pathogen Inactivation, Stability, and Quality Pressure BioSciences, Inc. (OTCQB: PBIO) (“PBI” or the “Company”), a leader in the development and sale of broadly enabling, pressure-based technology and products to the worldwide life sciences industry, today announced the achievement... Read More