Canada Hemp News

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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Canadian CBD firm expands in Europe with Polish hemp grower

A Canadian company focused on CBD extraction in Europe has bought a Polish hemp grower. StillCanna acquired Olimax, which grows about 3,700 acres (1,500 hectares) of hemp, in a deal valued at more than 25 million Canadian dollars ($18.6 million). The cash-and-stock deal includes a cash payment of $2 million, plus 24 million common shares […]

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Health Canada cuts red tape for hempseed shipments to US

The hemp industry in Canada is welcoming a move by the country’s regulatory body to simplify the export of hempseed to the United States ahead of this spring’s planting season. Last week, Health Canada notified hemp license holders and applicants the agency would no longer require an import permit from the U.S. authority before issuing […]

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Canopy Growth settles on New York hemp site, will start building this summer

Canadian marijuana giant Canopy Growth has chosen a small New York town near the Pennsylvania border as the site for its $150 million entrance into the U.S. hemp market. Canopy announced Monday it will build an industrial park on a 48-acre property in Kirkwood, New York, about 5 miles north of the Pennsylvania border. The […]

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Ohio company’s takeover bid for Aphria cannabis group expires

Green Growth Brands, which sells hemp-derived CBD personal-care products in U.S. shoe stores and mall kiosks and trades on the Canadian Securities Exchange as GGB, won’t be buying Canadian marijuana producer Aphria. The hostile takeover bid has expired. Aphria, which trades as APHA on both the New York Stock Exchange and the Toronto Stock Exchange, consistently […]

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Sol Global subsidiary closes $12 million round of private financing

Toronto-based cannabis investment firm Sol Global Investments has completed a nonbrokered private placement financing of common shares of its international hemp subsidiary, Heavenly Rx, for more than $12 million. As a result, Sol Global now holds 34.4% of Heavenly Rx’s shares, while the rest of the common shares were sold to accredited investors for 10 […]

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