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Cannabis food company gets initial creditor protection order in Canada

Published September 14, 2021

Cannabis food products firm Plus Products received an initial creditor protection order from a Canadian court as it plans to restructure.

Canada’s Canopy Growth loans $20 million to hemp-CBD subsidiary of TerrAscend

Published December 11, 2020

Arise Bioscience, a Florida-based hemp-derived CBD subsidiary of TerrAscend Corp., has received a $20 million loan from Canada’s Canopy Growth. The funds are not to be used in connection with any marijuana or marijuana-related operations in the United States “unless and until such operations comply with all applicable laws of the United States,” according to […]

Canada wellness company to shutter psychedelics firm in Germany, retain Kentucky CBD maker

Published November 2, 2020

Thoughtful Brands, a cannabis and psychedelics company in Vancouver, British Columbia, has dissolved its subsidiary in Germany to focus on its direct-to-consumer brands, including a CBD maker in Kentucky.

Canada, US business groups to support global cannabis industry expansion

Published August 24, 2020

Two North American business groups signed a memorandum of understanding to support Canadian and American companies seeking to capitalize on the growth of the international cannabis market.

Canada’s NewLeaf Brands changing name to reflect focus on mushrooms

Published June 4, 2020

Canadian CBD company NewLeaf Brands Inc. is changing its name to Mydecine Innovations Group Inc. to reflect its focus on developing strains of psychedelic mushrooms.

Canada’s Canopy Growth to shutter New York growing operations

Published April 16, 2020

Canopy Growth, a global cannabis giant that muscled its way into the U.S. hemp market, has announced that it is shutting down its hemp-growing operation in New York state, citing a glut of hemp from last year. The Canada-based company will cease farming operations in Springfield, New York, but will continue using its hemp supply […]

Health Canada recalls THC product mislabeled as CBD

Published December 20, 2019

Canadian health regulators have issued a recall of THC gel capsules that were incorrectly labeled as CBD. According to Health Canada, British Columbia cannabis producer Zenabis Global mislabeled one lot of its Namaste brand softgels. The labels indicate the product is “CBD Light gelcaps” containing 6.13 milligrams per capsule of CBD and 0.19 milligrams per […]

Canada marijuana titans flexing into US hemp industry

Published January 23, 2019 | By Kristen Nichols

Flush with cash and looking for a toehold in the United States, Canadian marijuana companies are making big investments in hemp. Consider: Canopy Growth (NYSE: CGC), an Ontario marijuana producer that snagged an investment for 5 billion Canadian dollars ($3.8 billion) from a New York alcohol company, recently announced it is entering the U.S. hemp market. […]

Canada cannabis giant ups stake in Italian CBD manufacturer

Published December 12, 2018

A subsidiary of Canadian cannabis giant Canopy Growth is increasing its investment in an Italian hemp company. Canopy Rivers announced that it will spend 17.4 million Canadian dollars ($13 million) to increase its ownership in CanapaR Corp., the parent company of CanapaR SrL, a hemp-derived CBD manufacturer based in Sicily. The deal gives Canopy Rivers 49.9% […]

Montana hemp grower pursues reverse takeover in bid to go public in Canada

Published December 4, 2018 | By Hemp Industry Daily staff

A Montana hemp producer plans to go public in Canada via a reverse takeover, becoming the latest U.S. cannabis business to get its shares listed north of the border through an RTO. Vitality CBD Natural Health Products, a privately held company in Eureka, Montana, is seeking to trade on the Canadian Securities Exchange after taking over […]

Walmart Canada ‘fact-finding’ on potential for CBD product sales

Published October 11, 2018 | By Hemp Industry Daily staff

The world’s largest retailer, Walmart, is considering selling CBD products in Canada, a development that comes just days before recreational marijuana markets open in the country. But Walmart says it isn’t ready to start selling cannabidiol just yet. “As we would for any new industry, Walmart Canada has done some preliminary fact-finding on this issue,” […]

CBD import deals pick up in Canada ahead of new regulations

Published May 24, 2018

Canada’s cannabis industry isn’t waiting for looming regulatory changes that will permit companies to process domestically grown hemp flowers for CBD extraction. To capitalize on the current boom in cannabidiol products, Canadian companies are turning to imported CBD.