Canada Hemp News

Heavenly Rx continues acquisition streak with Arizona CBD maker

Toronto CBD manufacturer Heavenly Rx is extending its expansion strategy to Arizona, saying Tuesday it has acquired a majority stake in PureKana, a privately held CBD maker in Paradise Valley. Terms of the deal were not released. PureKana makes CBD oils, gummies and topicals, all of which will remain under the PureKana label. The transaction […]

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Health Canada recalls THC product mislabeled as CBD

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 […]

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CBD wellness firm Heavenly Rx to take over Nasdaq-traded drug company

An emerging CBD company plans to take over a Nasdaq-traded pharmaceutical corporation focused on developing cannabinoid pharmaceuticals. Under an agreement announced Tuesday, Heavenly Rx will execute a reverse takeover of Therapix Biosciences. When the proposed deal is complete, the combined entity will be known as Heavenly Rx. Paul Norman, CEO of Heavenly Rx and former […]

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Canopy Growth’s NY hemp facility to receive $1.7 million tax break

The Canadian cannabis producer building an industrial park for hemp processing in New York state would get a hefty property tax break under a new plan hatched by a local economic development group. The Broome Industrial Development Agency said Canopy Growth will receive a standard 15-year payment-in-lieu-of-taxes deal that will reduce taxes on the 48-acre […]

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Canopy Growth gets green light to move forward with suit against CA hemp farm

Canadian cannabis giant Canopy Growth has the go-ahead to continue its lawsuit against a California farm it accuses of misusing a deposit and killing hemp plants worth millions. Canopy Growth is suing Research and Development Farming (RDF) of California’s Central Valley, which contracted to grow 500 acres of hemp for the Ontario company in 2019. In a lawsuit […]

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CBD company plans aromatherapy, cosmetics focus in new partnership

A Canadian supplements company that makes CBD extracts plans to focus on aromatherapy topicals through a collaboration with a prominent flavorings and scents firm. Neptune Wellness Solutions of Laval, Quebec, which makes fish-oil supplements and cannabinoid oils, said Monday it is giving $24 million worth of stock warrants to International Flavors & Fragrances (IFF) in […]

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Molson Coors sets date for CBD beverages with partner Hexo

Beer giant Molson Coors has set a December date to roll out a line of CBD-infused beverages in Canada with partner Hexo Corp. The portfolio of drinks hitting shelves in Canada will be called Flow Glow and start with two flavors with 10 milligrams each of CBD: Goji+Grapefruit Raspberry+Lemon The companies also plan to roll […]

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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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