REGINA — The sale of the Terra Grain Fuels ethanol plant at Belle Plaine was completed Tuesday with a consortium of Saskatchewan-based financial institutions taking over the plant from Just Energy. “The sale of Terra Grain Fuels closed in the last hour,” said Calvin Eyben, general manager of the plant. “So the new owners are Conexus (Credit Union), Concentra Financial and Farm Credit Canada.” All three institutions had a stake in the original deal to finance the construction of the plant, which cost $150 million when it came on stream in 2008. “They’ve been with us from day one,” Eyben […]

North American energy producer and supplier Just Energy announced the sale of affiliate company Terra Grain Fuels’ ethanol plant was completed earlier in December. The plant, located in Belle Plaine, Canada, was bought from Just Energy by a consortium of financial firms, all of which had a stake in the original agreement to finance the construction of the plant, which cost $150 million (€101 million) when it came on stream in 2008. Earlier this month, the company said it had agreed to sell Terra Grain Fuels to a group of Saskatchewan businesses, including its $68 million debt, for a ‘nominal […]

Over the past several months, the Board of Weyburn Inland Terminal has been reviewing strategic options for WIT.  The Company has retained Johnson Advisory Services Inc., as its financial advisor, to assist in exploring and evaluating strategic options. The decision was made by the Board to pursue expressions of interest regarding the potential sale of some or all of the Company.  After receiving several non-binding expressions of interest, the Board has elected to further develop and negotiate a definitive transaction agreement with two critical objectives in mind; maximizing value and liquidity for shareholders, and providing a strong competitive environment for […]

Calgary, Alberta – West Mountain Capital Corp. (the “Company” or “West Mountain”) announces that it has executed a binding heads of agreement (“Heads of Agreement”) with Jereh Energy Services Corporation (“Jereh”) of Yantai, China that sets out the terms and conditions of a private placement, the establishment of joint venture in China and other related transactions (collectively, the “Transaction”). The Heads of Agreement provides for: (a) the subscription by Jereh for new common shares of West Mountain (the “Common Shares”) with an aggregate value of US$7,000,000 at a share price equal to 130% of the average trading price of West […]

SASKATOON, Nov. 5, 2013 /CNW/ – CanniMed Ltd., the first producer to have received a license under the new Marihuana for Medical Purposes Regulations (MMPR), released their first shipment of medical marijuana to Canadian patients. “Since receiving our license on September 19th, our team has been working tirelessly to ensure that patients receive their trusted medication as early as possible,” said Brent Zettl, CEO, CanniMed Ltd. “Continuity of care is critical for patients and the transition to the new program has been a challenge for some. We are committed to providing our patients with a higher level of service than […]

Four months ago, the rules changed on Brent Zettl. His company, Prairie Plant Systems Inc., had been Health Canada’s sole provider of medical marijuana for more than a decade, a deal that came with many strings attached – the company had to keep a low profile and hide the location of its growing operation. It had a research licence to develop its product, but the scale was small. Then, in June, Health Canada changed the game. It announced it was essentially getting out of the medical marijuana business by opening the industry up to commercial production. There would now be […]

CALGARY, ALBERTA, Sep 26, 2013 (Marketwired via COMTEX) — West Mountain Capital Corp. (“the Company” or “WMT”) CA:WMT 0.00%  today announced that it duly qualified and registered Shanghai Phase Separation Environmental Technology Co. Ltd. (“Shanghai PS2”) as its wholly-owned foreign enterprise (“WOFE”). Shanghai PS2 operates from its headquarters in Shanghai. While going through the rigorous process of establishing a Chinese subsidiary, West Mountain had conducted its operations in China through its Canadian subsidiary, Phase Separation Solutions Inc.,. As a foreign company we were presented challenges that limited our ability to pursue certain opportunities. The WOFE radically simplifies operations and provide […]

Exciting New Potential for Early Detection of Pancreatic Cancer Phenomenome Discoveries Inc. is happy to announce the recent journal publication, Metabolic system alterations in pancreatic cancer patient serum: potential for early detection, in BMC Cancer. The prognosis of pancreatic cancer (PC) is one of the poorest among all cancers, due largely to the lack of methods for screening and early detection. New biomarkers for identifying high-risk or early-stage subjects could significantly impact PC mortality. Serum profiles of PC patients to healthy control subjects were compared and metabolic biomarkers associated with PC were found by using a comprehensive metabolomics technology.    […]

A Saskatoon company has been granted the first two licences to produce and distribute medical marijuana under new Health Canada pot rules. Prairie Plant Systems Inc. has been Health Canada’s only supplier of pharmaceutical-grade marijuana for 13 years. CEO Brent Zettl says the new regulations mean people won’t have to go through Health Canada. “I think it really heralds the beginning of the new method and the new ways in which patients are going to be accessing medical marijuana in the future,” said Zettl. “Patients now will be able to see their doctor; with the doctors they’ll fill in the […]

SASKATOON, Sept. 23, 2013 /CNW/ – For Canadians suffering from chronic and terminal illnesses including severe pain, chronic inflammation due to arthritis or the nausea associated with chemotherapy, medical marijuana has become a well-recognized option for patients and doctors to try when conventional medicine just isn’t enough. Today, Health Canada licensed the first two companies under the new Marihuana for Medical Purposes Regulations – Prairie Plant Systems Inc. and CanniMed Ltd. “As the sole supplier to Health Canada for the last 13 years, patients and physicians have come to trust the safety and efficacy of the Prairie Plant Systems pharmaceutical-grade […]