Bayer (BAYRY) Crop Science announced an unprecedented C$45M+ investment to strengthen Canada’s leadership in canola innovation by establishing a canola innovation centre. Located in Winnipeg, Manitoba, the facility will house seed development work for canola, camelina and winter canola, focusing on trait integration, yield trial seed processing and seed quality analysis. Design for the new facility will begin in 2026 and we anticipate it to be operational by the end of 2028. It consolidates some of our canola breeding operations and seed generation activities, allowing Bayer to continue our journey to get the full benefit of our precision breeding strategy to bring products to market for growers in Canada. Bayer’s current Smartpark site in Winnipeg will continue to perform early breeding workflows for Canola, while the current Carman site will focus on being a multi-crop nursery field operation.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BAYRY:
- Bayer’s ROAD Study Targets Real-World Upside for Nubeqa in Advanced Prostate Cancer
- Bayer and Guerbet Advance Long-Term Gadolinium Safety Study, Keeping MRI Contrast Risk in Focus
- Bayer Maps Sepsis-Related Clotting Risks in Japan, Sharpening Its Critical Care Strategy
- Bayer, Vanderbilt University Medical Center enter five-year collaboration
- Bayer Stock Soars as U.S. Supreme Court Agrees to Review Roundup Appeal