Magnotta Winery Corporation (TSX:MGN) shares soared Tuesday morning after the company revealed it is being taken private by its founding family in a deal worth just under $16 million. Magnotta stock jumped $1.02 to $2.84, a gain of 56 per cent when trading in the company resumed Tuesday on the TSX.
After mastering the viticulture trade down east, Andrew Shelswell has come back to Ontario and wants to try his talents at running his own operation in the growing South Coast wineries area.
The Ontario wine industry is trying to broaden the choice for Europeans -- and boost sales -- with a little help from Canadian trade commissioners in Europe. On tour in Italy were four Ontario wine makers: Cave Spring Cellars, Flat Rock Cellars, Malivoire and Norman Hardie Winery and Vineyard.
Despite being one of the coolest summers on record, the 2011 BC grape harvest has begun and promises to be another excellent vintage for the Wines of British Columbia.
Relentless rains through September have pushed back the harvest for wineries which are moving quickly with the recent sunny weather to catch up in their vineyards
Solicitor-General Shirley Bond is considering steps B.C. can take to reduce the effect of an antiquated federal liquor law that makes it an offence to take wine across a provincial boundary.
Painted Rock Vineyards, one of the Okanagan's new wineries, has recently signed a distribution agreement with a Chinese wine brokerage in a strategic alliance that will see from 10 to 20 per cent of the winery's production shipped overseas.
Canada's wine makers want more access to consumers, saying strict controls on the distribution of liquor are hindering the development of the industry.
Mother Nature hit Nova Scotia right in the breadbasket Saturday. Thunder, rain, high winds and hail hammered parts of the Annapolis Valley, endangering some crops in the area.
An aboriginal tribe in western Canada's arid Okanogan Valley is on the cusp of realizing a decades-old dream: becoming North America's first native winemakers.
Kudos to Summerhill Pyramid Winery, the Okanagan vintner that is switching some of its quality wine from bottles to bags-in-boxes.
And sour grapes to the stuck-in-mud bureaucratic rules that mean any wine that's boxed will lose its B.C. Vintners Quality Alliance certification.
The B.C. wine country backstory is also its backbone. Relatively young in the scheme of things, local wine producers and growers have had an optimistic, win-win vision to capture the world's attention since day one.