CANADA’S NEW FOOD GUIDE COULD CHANGE WHAT IS MAKING IT TO OUR TABLES Health Canada unveiled a radically new food guide that eliminates food groups, and encourages plant- based foods over meat and dairy products. Now the question is, will this force changes across the country’s agricultural industry? Meat has held a dominant position in the previous Canadian food guides, with a meat-and-alternatives category and a recommended two to three servings daily for adults. Well that has changed as the new guide encourages people to “eat protein foods,” but choose those that come from plants more often. It’s a win for plant-protein farmers, like those growing beans, chickpeas and lentils, but a potential threat to meat producers. But the truth will be if Canadian’s switch their eating habits based on the food guide and whether or not meat producers can make up decreased domestic demand with increased exports of their products. AURORA CANNABIS REVENUES SURGE TO OVER $54 MILLION
That is the good news, the bad news is Edmon- ton-based, Aurora Cannabis Inc. lost $237.7 million in the second quarter of its fiscal year even though net revenues surged to $54.2 million. Increased revenues for the company were driven by $21.6 million in consumer sales in Canada since recreational cannabis was legalized by the Canadian government back in October of last year, plus an additional $26 million in Canadian and international medical marijuana sales. The company was expected to lose $62.05 million or six cents per share on $51.84 million of revenues, according to analysts polled by Thomson Reuters Eikon.
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FEBRUARY 2019 • SPOTLIGHT ON BUSINESS MAGAZINE
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