Canada’s marijuana industry — now worth $31 billion — looks abroad for growth

Canada’s marijuana industry — now worth $31 billion — looks abroad for growth

Countries like Spain, Italy, and Colombia are likely the next growth opportunities for Canadian cannabis companies after a flurry of consolidation at home. The marijuana industry saw its largest deal to date on Monday with Aurora Cannabis Inc. agreeing to acquire MedReleaf Corp. for $2.9 billion. That followed Edmonton, Alberta-based Aurora’s deal to buy CanniMed…

With just this one sensible policy change, Morneau can make Canada competitive again

With just this one sensible policy change, Morneau can make Canada competitive again

It’s been more than two months since Finance Minister Bill Morneau said he would study Canada’s crumbling business tax advantage — while cautioning against any “impulsive” measures in response to tax changes south of the border that overnight wiped away our decade-plus business tax advantage over the United States. Still today, despite a chorus of…

ALBERT EDWARDS: Japan is flashing a major change for the US economy and the market implications could be ‘immense’

ALBERT EDWARDS: Japan is flashing a major change for the US economy and the market implications could be ‘immense’

A surprise surge in inflation in Japan could be a sign of a major shift coming in the US economy, according to Societe Generale’s notoriously bearish strategist Albert Edwards. Writing to clients on Tuesday, Edwards argues that Western economists tend to have too narrow a worldview when it comes to economic data and should pay…

80% of start-up money goes to three states — here’s what one visionary is doing to help spread the wealth

80% of start-up money goes to three states — here’s what one visionary is doing to help spread the wealth

Following is a transcript of the video. Sara Silverstein: Tell me what you do at Village Capital. Ross Baird: So at Village Capital, we back entrepreneurs that are reinventing the system. You know we’ve got inequality at a 100-year high in our world. We’re worried about the sustainability of our planet, we’re worried about feeding…

Gap is the latest company to apologize to China, but it’s still selling its controversial T-shirt in the US

Gap is the latest company to apologize to China, but it’s still selling its controversial T-shirt in the US

Gap T-Shirt with map of China. Screenshot/ Gapfactory.com Gap issued an apology to Chinese state media on Monday for selling a T-shirt that was described as having an incorrect map of China. The shirt featuring a map of China, which Business Insider found was still available for sale on the US Gap Factory site for…

DHX sells Peanuts stake to Sony for $237M to cut debt, boost business in Asia

DHX sells Peanuts stake to Sony for $237M to cut debt, boost business in Asia

DHX Media Ltd. is optimistic Charlie Brown will help save the day at the children’s content company at it grapples with a traditional television market disrupted by the internet. The Halifax-based company confirmed Monday that it signed a $237-million deal with Sony Music Entertainment (Japan) Inc. to sell almost half of its stake in Peanuts,…

‘Our eyes are on the global market’: Aurora acquires MedReleaf in largest cannabis deal yet

‘Our eyes are on the global market’: Aurora acquires MedReleaf in largest cannabis deal yet

Aurora Cannabis Inc., the hungriest M&A player in the Canadian marijuana space, continued its shopping spree on Monday, announcing plans to acquire rival MedReleaf Corp. for an estimated $3.2 billion, all in stock. The deal, which is expected to close in August, will unite the second and fourth largest Canadian marijuana companies by market capitalization,…

NBCUniversal slammed Facebook for its data mishaps, but the company left out one major fact in its big presentation to advertisers

NBCUniversal slammed Facebook for its data mishaps, but the company left out one major fact in its big presentation to advertisers

NBCUniversal took some swings at Facebook on Monday, including its recent confrontations with Congress over the consumer data nightmare that is Cambridge Analytica. But there was one thing that was glaringly missing from the media giant’s mega ‘upfront’ presentation to advertisers at Radio City Music Hall in New York: the fact that NBCU has spent…