A Toronto-based hemp and CBD investment company has tapped the former president of Kellogg North America Co. to lead its planned expansion.
The announcement comes weeks after another Kellogg executive left to join the hemp industry. Charlotte’s Web hired as its CEO the former head of Kellogg’s U.S. snacks division, Adrienne “Deanie” Elsner.
Heavenly Rx owns CBD manufacturers that make cosmetics and infused food and pet-related products. It recently bought a majority stake in Bluhen Botanicals, which grows hemp and makes CBD products in Knoxville, Tennessee.
Sol Global Investments trades on the Canadian Securities Exchange as SOL and on over-the-counter markets as SOLCF.
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More investment is needed for hemp farming in the Province of Ontario.