Canada Hemp News

5 vying for Hemp Game Changer nod at first MJBizDaily Awards

Cultivator of the Year. Regional Game Changer. Community Impact. These are just some of the categories for which the editorial team of Marijuana Business Daily vetted more than 670 entries for the inaugural MJBizDaily Awards. With the list of nominees having been culled to 55 finalists, a panel of cannabis industry professionals is hard at […]

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Canopy, US hemp grower head to court over dismal crop, missed payments

Canadian cannabis giant Canopy Growth and a Nevada-based hemp producer are suing each other in rival federal cases over a bad crop and allegations of missed payments and misspent advances. The cases center on Go Farm Hemp, a Henderson, Nevada-headquartered company that entered contracts to grow hemp in 2019 for Canopy Growth in Colorado, Kentucky, […]

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CBD firm trades shares for ads with media conglomerate in unconventional deal

A Canadian wellness company has entered into an equity partnership with an American consumer-media company to promote its hemp-derived CBD products in the United States. Neptune Wellness Solutions, based in Laval, Quebec, developed the deal with New York City-based American Media, a privately held publisher of consumer magazines such as Men’s Journal and Us Weekly. The media […]

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Cann-Is Capital to buy all shares of CWE European Holdings

Cann-Is Capital Corp., a Toronto-based firm that helps cannabis businesses raise capital, has bought all outstanding equity of CWE European Holdings, a privately held Canadian holding company that sells CBD in German-speaking countries in Europe. Cann-Is Capital did not disclose a purchase amount. CWE, based in Calgary, Alberta, owns and operates six stores in Germany […]

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Canopy Growth invests in sports nutrition company, lays groundwork for new CBD products

Canadian cannabis giant Canopy Growth Corp. has bought a majority stake in BioSteel Sports Nutrition, a Toronto-based producer of athletic nutrition and hydration products. The cash transaction gives the Smith Falls, Ontario-based cannabis producer a 72% stake in BioSteel on the path to 100% ownership. Terms were not disclosed. Canopy Growth says the acquisition is […]

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Canadian health food association pushes back on CBD limits

Canada should allow hemp-derived CBD sales without a cannabis license, according to Canada’s largest trade association dedicated to natural health and organic products. The Canadian Health Food Association (CHFA) said natural-foods stores and other retailers shouldn’t need permission from Health Canada, the agency that regulates marijuana. The notice Monday came in response to one in June from […]

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Canada’s hemp industry shrank last year amid slow-moving CBD regulations, USDA says

Canada has a 20-year head start on the United States in growing and processing hemp. But Canada’s acreage shrank in 2018 as the nation lagged behind its southern neighbor in developing a market for hemp extracts such as CBD, according to a new report from the U.S. Department of Agriculture (USDA) that highlights Canada’s industrial hemp industry. […]

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Aurora Cannabis divests itself of Green Organic Dutchman, hemp subsidiary

Canadian marijuana giant Aurora Cannabis has sold its remaining stake in a Toronto company that has a hemp subsidiary in Poland. Aurora sold its shares in The Green Organic Dutchman (TGOD) for 86.5 million Canadian dollars ($64.9 million). Though the move means Aurora has divested itself of a TGOD subsidiary that makes CBD products, HemPoland, […]

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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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