A Florida company that cultivates and processes hemp biomass has named a new chief marketing officer. Fort Lauderdale-based Green Point Research said Robin P. Pate will be responsible for developing new distribution channels, as well as brand development and partnerships to support the companies’ products. Pate was formerly with The Institute for Advanced Composites Manufacturing […]
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EU hemp industry awaits court ruling on French CBD ban
The case being scrutinized by the Luxembourg-based CJEU touches on a key principle of the European Union’s project: the sanctity of intra-EU trade and the free movement of goods between member states.
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Canadian oil-and-gas company expands into hemp extraction
A Canadian oil-and-gas company expanding into hemp extraction has acquired a Canadian hemp company in an all-stock deal worth CA$20 million ($14.4 million).
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Former CBD retailer firm Green Growth Brands gets initial creditor protection
Ohio-based marijuana retailer and former CBD retail giant Green Growth Brands said this week it has filed for insolvency protection in Canada.
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Judge OKs $77 million sale of GenCanna Global assets out of bankruptcy
A federal bankruptcy judge has approved the sale of the bulk of the assets for GenCanna Global, a hemp processor and CBD product manufacturer based in Winchester, Kentucky, to MGG Investment Group, a New York-based, private direct lender and one of GenCanna’s creditors.
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Insurance crucial for hemp, CBD businesses to mitigate risk in uncertain times
Hemp and CBD companies, like other agricultural commodities and consumer product goods industries, are liable for the products they put on store shelves and in consumers’ hands. That’s why it’s important for farmers and businesses to secure insurance and other provisions as risk mitigation.
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Expiration dates and packaging for CBD pet products at issue in legal fight
A Seattle maker of CBD for pets and a holistic pet company that sold branded CBD treatments called the “Zen Pen” are now embroiled in a legal battle over shelf stability and expiration dates.
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Aurora Cannabis continues divestment of hemp assets, citing low biomass prices
Canadian marijuana giant Aurora Cannabis is further divesting itself of some of the hemp assets it began acquiring in 2017 as it tried unsuccessfully to profit from the CBD market.
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Florida CBD company issues voluntary product recall for heavy lead content
A Florida company is recalling a batch of CBD oil voluntarily after a state agency tested the product and found that it contained dangerous levels of lead.
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CBD producer with European aspirations inks deal to buy Swiss retailer
CBD of Denver has inked a deal to buy a CBD retailer in Switzerland, its second planned purchase of a Swiss company announced this month.
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CBD companies see online sales spike as coronavirus shuts down retail shops
When COVID-19 spread and forced store closures, California-based Papa & Barkley lost about half of the 400 small CBD retail shops where the company was selling its products. Then online sales exploded. “We’ve seen a pretty dramatic increase in our online transaction volume,” said Adam Grossman, CEO and founder of Papa & Barkley. In March […]
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Charlotte’s Web cites falling revenues, higher expenses as it turns in loss for Q1
Prominent CBD maker Charlotte’s Web Holdings is pointing to market saturation, legal uncertainty and rising expenses as it reported a loss of $11.5 million last quarter. A year ago, the Boulder, Colorado, company reported a profit of $2.5 million. Charlotte’s Web reported revenue last quarter of $21.5 million, down about 1% from the same period last […]
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