Canopy Growth and Terrascend Canada enter US$58m financing agreement

CANADA – Canopy Growth Corporation, Canada’s leading cannabis infused beverage company and TerrAscend Canada, have entered into a loan financing arrangement worth C$80.5 million (US$58.15m). As part of the financing arrangement, TerrAscend has issued 17,808,975 […]

Tesco agrees to sell its businesses in Thailand and Malaysia for US$10.6bn

UK – The British multinational grocer, Tesco, has entered into a conditional agreement to sell its business in Thailand and Malaysia to a combination of CP Group entities for an enterprise value of US$10.6 billion […]

Costa Coffee names former McDonald’s UK head as its CEO

USA – Costa Coffee, American coffeehouse chain and subsidiary of The Coca-Cola Company has appointed Jill McDonald as the company’s new Chief Executive Officer, effective 2nd December. McDonald, an experienced business leader who has worked […]

Tetra Pak launches first traceable packaging made with plant-based polymers

SWITZERLAND – Tetra Pak, together with its supplier Braskem, has launched the first sustainable food and beverage packaging made from plant-based polymers using the Bonsucro standards for sustainable sugar cane. The launch forms yet another […]

Packaging firm Emsur inaugurates new Spanish facilities targeting dairy market

SPAIN – Packaging solutions provider, Emsur has opened new facilities in Alcalá de Henares, the global headquarters of the Emsur Division located in central Spain offer more solutions targeting the dairy industry. This investment will […]

Rhodes Food reports single digit growth in turnover amid challenging environment

SOUTH AFRICA – Rhodes Food Group, a South Africa-based producer of fresh, frozen and long-life convenience meal solutions reported 8.8% growth in turnover for its African operations during the 10 months ended July 2019. The […]

Kenya monthly tea exports plunge 31% on reduced auction activities

KENYA – Kenya, world second largest tea exporter, reported a 31% decline in tea export in June this year, recording 31.7 million kilos in exports from 45.8 million kilos exported at the same time last […]

Kenya’s Williamson Tea mulls investing in power project to boost efficiency

KENYA – Williamson Tea Plc has said that it is considering to invest in an energy generation project in a bid to boost efficiency of its tea processing divisions. Williamson says that frequent outages on […]

Honeywell Flour Mills skips dividend payout as full-year profits plunge 98%

NIGERIA – Honeywell Flour Mills Plc, a flour-milling company in Nigeria, has resolved to skip dividend payout for the year ended 31st March 2019 following a 98% decline in net profits from US$12.2 million (N4.4bn) […]