Canada Hemp News

Canadian marijuana giant sees ‘largest’ CBD sales coming from US

Cronos Group, a Toronto-based marijuana company, predicts CBD customers in the United States will be the “largest contributor” to its sales over the next couple of years. But company executives cautioned investors that it’s “too early to speculate” on how big the European market for CBD will become. The comments came as Cronos released its […]

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Canadian cannabis producer Cronos to invest $300 million in US hemp market

Cronos Group, a Canadian vertically integrated marijuana company with international production and distribution, announced Friday it will buy four operating subsidiaries from Redwood Holding Group for $300 million. Based in Los Angeles, Redwood produces, markets and distributes hemp-derived CBD products, including skin care, bath items and gummies, throughout the United States under the Lord Jones […]

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Canadian CBD maker sponsors athlete research with UFC

Canadian marijuana giant Aurora Cannabis is sponsoring CBD research with the UFC to determine if the cannabinoid treatments are effective in treating pain and inflammation. The partnership marks a milestone for the cannabis industry, where individual athletes commonly strike sponsorship deals but few prominent leagues agree to research for CBD or other cannabis products. Athletes’ […]

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Canadian acquisition underscores CBD’s potential in Europe

A Canadian marijuana producer cited hemp and CBD’s potential in Europe as it announced plans to acquire a smaller Canadian company with a CBD subsidiary in the Netherlands. The announcement Wednesday that Toronto-based Supreme Cannabis plans to acquire Truverra underscores the interest in accessing European markets. Supreme valued the acquisition at roughly $20 million. Supreme […]

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Investment firm increases stake in CBD company

Sol Global, a Toronto-based international cannabis investment firm, has increased its stake in a privately held CBD company. The firm announced Friday it spent 15 million Canadian dollars ($11.5 million) in HeavenlyRx. The purchase brings Sol Global to a 42% stake in HeavenlyRx. The announcement comes less than a week after Sol Global raised CA$50 […]

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CBD company ups stake in beverage brand to secure 50-state distribution

A Toronto-based hemp and CBD investment company increased its stake in a traditional soda company with an eye toward developing CBD-infused beverages with the brand. HeavenlyRx bought 15 million shares in Jones Soda Co. for $9 million and now holds 39% of the Seattle-based beverage manufacturer. The deal also gives HeavenlyRx two seats on Jones Soda’s board. Jones […]

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Sol Global raises CA$50 million for CBD expansion; exec resigns

Sol Global, a Toronto-based international cannabis investment firm, said it raised 50 million Canadian dollars ($37.5 million) in debt financing. The company will use the proceeds to fund its expansion in CBD activities and operations in California, Florida and Michigan. The company also said Jonathan Gilbert resigned as president of its subsidiary, Impact Biosciences, which […]

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Canadian CBD company taps Kellogg’s executive for global expansion

A Toronto-based hemp and CBD investment company has tapped the former president of Kellogg North America Co. to lead its planned expansion. Heavenly Rx, a subsidiary of Sol Global Investments, announced Monday that Paul Norman, former president of North America for the $13 billion food giant Kellogg’s, will be its new CEO. The announcement comes weeks after another Kellogg executive left […]

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Canadian investors see hemp as way into US markets

The hemp industry continues to be a top investment target for well-capitalized Canadian cannabis companies. But that doesn’t mean they’re all looking to grow the plant. Organigram CEO Greg Engel, whose New Brunswick-based company began trading this week on the Nasdaq, says CBD offers a big opportunity to enter U.S. markets. However, he added his […]

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Vegetable producer Village Farms expands hemp, CBD production into Colorado

Village Farms International, a prominent greenhouse vegetable producer from Canada, is entering the Colorado hemp market with a $5 million joint venture to start growing CBD-rich hemp in the Centennial State. To accomplish the move, Village Farms entered a joint venture with Arkansas Valley Hemp in southern Colorado. Under the agreement, Vancouver, British Columbia-based Village […]

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Canada to consult public, businesses on natural health products containing hemp

Canada’s top health agency plans to launch public consultations on a proposed approach for regulating natural health products containing cannabis, Hemp Industry Daily has learned. Any subsequent regulations by Health Canada could have major implications for Canada’s CBD industry, which currently can be accessed only with a doctor’s prescription or through marijuana retailers. “Health Canada […]

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