Apparently there isn't nearly enough legal cannabis available for consumers. In business and commercial news, since cannabis use became legal earlier in October, supplies have been limited in Ontario, which, experts say, may push many back to the black market for their pot purchases. The provincial government is citing unbelievably high demand and labour rumblings at Canada Post for the issues.
Guelph Hydro Electric Systems Inc. (Guelph Hydro) and Alectra Utilities Corporation will be joining forces. In mergers and acquisitions news, the Ontario Energy Board (OEB) gave the go-ahead for the merger to take place. The potential union met all the specifications of the OEB's no harm test.
The American government has added yet another restriction onto Canadian dairy farmers -- concessions regarding skim milk and other milk products. The move affects the business and commercial world of Canada's dairy farmers. In fact, experts say new North American Free Trade Agreement rules could really affect the dairy industry's growth in Canada and the ability the industry has of getting rid of excess product.
The largest drilling company in the nation is making a bid for the third largest. When it comes to mergers and acquisitions headlines in Canada, Calgary's Precision Drilling Ltd. is making them by looking to acquire Trinidad Drilling Ltd. to a tune of $540 million. The all-share offer was spurred on by Trinidad Drilling's attractive American rig fleet.
A major real estate investment trust recently closed on a multi-millon dollar property in a high-profile Calgary business centre. True North Commercial Real Estate Investment Trust (REIT) of Canada has been busy in the world of mergers and acquisitions by securing the 148,000-square-foot property for $26.75 million, which closed in September. The property sits on more than 11 acres close to Calgary International Airport and to the city's main highway.