Hemp Finance, Investing and Banking News


Neptune Wellness Solutions appoints two new board members

A Quebec, Canada-based supplements company announced the installment of two new members to the company’s board of directors. Neptune Wellness Solutions of Laval, Quebec, on Tuesday said Joseph Buaron and Michael A. de Geus were joining the company’s board. Buaron has two decades of experience as a chief technology officer, while de Geus is a […]

Read More

CBD store owner accused of defrauding investors in SEC complaint

The co-founder of a defunct Connecticut holding company and CBD and hemp store has been charged by the U.S. Securities and Exchange Commission with bilking investors. In addition to his holding company, Halitron, Bernard Findley was the co-founder of Hopp & Hemp Co., which sold CBD and other hemp products, according to The Newton Bee. A federal charging […]

Read More

Beset by delays, Canadian CBD drink market looking for expanded future

Two beer giants had big plans to sell CBD infused beverages in Canada by the end of last year. But only one has hit shelves yet, underscoring the challenged cannabis drinks market in Canada. Fluent Beverage Co., a partnership between St. Louis, Missouri-based Anheuser-Busch InBev and Canadian cannabis giant Tilray, says it launched a line […]

Read More

Green Growth Brands places struggling CBD business into receivership

The CBD business side of Columbus, Ohio-based cannabis retailer Green Growth Brands is going into receivership, just a few weeks after it said it wants to sell the struggling business. The company announced Friday that it filed a motion to appoint a receiver with the Franklin County Court of Common Pleas in Ohio. Green Growth […]

Read More

Coronavirus may delay Mexico vote on hemp, marijuana legalization

Mexico’s vote to legalize hemp and marijuana will likely be delayed because of the coronavirus pandemic, one attorney following the proceedings said. The delay has not been announced, but it’s expected to happen any moment, said Luis Armendáriz, an attorney in Chihuahua, Mexico, who is affiliated with Denver’s Hoban Law Group. “My realistic expectation is that […]

Read More

Oregon’s HempNova buys 90% stake in another hemp-growing operation

Oregon’s HempNova Lifetech Corp., which grows and dries hemp, has bought a 90% interest in a hemp-growing operation in the southern part of the state. The Eugene-based company announced last week it will pay $4.5 million in three cash installments for the percentage stake it bought from Creekside Hemp Inc. The deal includes various assets from […]

Read More

Another Kentucky hemp company files for bankruptcy

Another Kentucky hemp producer is seeking bankruptcy protection. Atalo Holdings cited “confounding guidance” from regulators and “unforeseen market forces” in announcing the Chapter 7 filing late Friday. Atalo chairman Andrew Graves said in a statement that the company hopes to continue operating while bankruptcy proceeds. Graves called his company “an attractive opportunity for a timely new […]

Read More