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Tilray Gets a New Option on U.S. Legalization With MedMen Deal

(Bloomberg) Tilray Inc., a Canadian marijuana company that has recently made headway in international markets, has a new option to get into the U.S. through a deal with MedMen Enterprises Inc. ....

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URC targets healthier product lines - BusinessWorld

BusinessWorld
May 14, 2021 | 12:07 am
FOOD manufacturer Universal Robina Corp. (URC) said it is working on introducing healthier products by increasing its wellness criteria on top of its efforts to make its production process safer and more sustainable.
“We are also working on providing a lot of alternative materials, working on lower sodium, lower sugar formulations, and also increasing the wellness criteria of our product portfolio and introducing more and more healthy product lines into our portfolio,” President and Chief Executive Officer Irwin C. Lee said during the company’s annual stockholders’ meeting on Thursday.
URC also said that in the past year, it had developed products and brands that respond to “COVID-accentuated consumer trends of health, value for money, shift to in-home, and affordable indulgence.” ....

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URC income up 15% to P11.6B | BusinessWorld

BusinessWorld
March 3, 2021 | 12:06 am
GOKONGWEI-led Universal Robina Corp. (URC) posted a 15% increase in net income last year to P11.6 billion due in part to lower debt and interest expenses, it said on Tuesday.
In a regulatory filing, the listed food company said the onset of the pandemic early last year hit trading conditions and consumer sentiment, “with contractions seen in several snack food and beverage categories the company competes in.”
“Despite these challenges, URC has gained significant market share and performed ahead of competition,” it added.
Net sales for the year amounted to 133.1 billion, a 1% drop from 2019 on a reported-peso basis but up 1% on a constant currency basis. ....

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