Hemp Finance, Investing and Banking News

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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CV Sciences reports falling revenues, sales amid ‘flood’ of new competitors

CV Sciences, a San Diego-based CBD manufacturer, reported revenue of $12.6 million for the third quarter ended Sept. 30, down more than 7% from the same period a year ago. Profit for the quarter was $8.4 million, down 15% from the previous year. The results fell well short of analyst expectations even as CV Sciences […]

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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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Hemp banking protections pass US House as part of landmark cannabis bill

House lawmakers passed a historic cannabis banking bill Wednesday that also provides a safe harbor for financial institutions serving hemp and hemp-derived CBD businesses. Proponents believed that such provisions were necessary despite the fact that hemp became legal nationwide with the enactment of the 2018 Farm Bill. The hemp amendments in the SAFE Banking Act, […]

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California hemp and cannabis testing lab raises $22.6 million

Cannalysis, a hemp and cannabis testing lab based in California, raised $22.6 million that it said will fund its expansion in the state as well as helping it to move into other marijuana markets in the U.S. The Santa Ana-based company raised the money from Canlab, a cannabis, hemp and CBD testing laboratory network. The […]

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California wheat biotech firm expands hemp investment with $10 million raise

An agriculture biotech company that markets high-fiber wheat said it is expanding its hemp subsidiary with a $10 million stock offering. Arcadia Biosciences of Davis, California, plans to use the money to research hemp genetics in Imperial County, California, according to a news release. The company’s hemp subsidiary, Arcadia Specialty Genomics, is scheduled to start planting […]

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Mary’s Brands bought by Connecticut cannabis firm; CEO steps down

Connecticut-based BR Brands, which owns and distributes a range of marijuana and hemp products, acquired Mary’s Brands, the Colorado maker of a cannabis skin patch. Terms of the acquisition were not made public. After the deal closed, Mary’s Brands CEO Lynn Honderd stepped down as CEO but remains an adviser. Mary’s Brands include: Mary’s Medicinals, […]

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MJBizDaily’s Investor Intelligence launches comp tables for hemp, CBD investors

This week, MJBizDaily’s Investor Intelligence introduces a new comp table that includes exclusive data on hemp and CBD companies. As an allocator of capital judging multiple opportunities for your marginal dollar, you must be able to: Identify the relevant investment opportunities. Assess the current size and value of public players. Determine the valuation multiple applied […]

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Credit union regulator reminds banks hemp businesses can be served – with caution

Hemp businesses should have access to banking services, a top banking regulator reiterated this week amid ongoing complaints about banking and credit challenges in the newly legal industry. The National Credit Union Association (NCUA), an independent federal agency that oversees and insures banking deposits for more than 100 million U.S. account holders, released a statement Monday […]

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