Finance, Investing and Banking

Canopy Growth to acquire Colorado hemp researcher for up to CA$125 million

A Colorado research firm that is working on THC-free hemp cultivars is the first U.S. acquisition by Canadian cannabis giant Canopy Growth Corp. Canopy has agreed to acquire Evergreen-based Ebbu for $25 million Canadian dollars ($19.3 million) and 6.2 million shares, the Ontario company announced Monday, and will pay another CA$125 million if Ebbu meets certain […]

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CBD manufacturer Mile High Labs closes $35 million Series A funding round

Loveland, Colorado-based Mile High Labs – a manufacturer of CBD crude oil, distillate and isolate – closed a $35 million Series A funding round as it works to expand its operations. The raise was led by institutional investors from the United States and Europe, as well as family offices and a venture capital fund. The company […]

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GW Pharmaceuticals poised to raise $300 million in stock offering

Cannabis biopharmaceutical company  GW Pharmaceuticals is setting out to sell $300 million worth of U.S. depository shares. The London-based company’s announcement comes on the heels of the U.S. Drug Enforcement Administration’s move to take some cannabidiol products off the most restrictive class of controlled substances. That change will allow Epidiolex – a CBD drug manufactured by GW Pharmaceuticals […]

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CBD manufacturer seeks wider pool of investors through Nasdaq

A San Diego CBD company is looking to become “institutionally relevant” by graduating to a more senior stock market. CV Sciences, which trades on the OTC market, announced Monday that it has submitted an application to list common stock on the Nasdaq Capital Market.

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Canadian marijuana financier entering hemp industry in Nevada

A Canadian company that finances marijuana projects is expanding into the hemp business in Nevada. Crop Infrastructure announced Monday that it has entered into a loan agreement with Elite Ventures Group to buy 315 acres in Nye County, Nevada. Crop is based in Vancouver, British Columbia, and Elite Ventures in Las Vegas. The two companies […]

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New SBA lending rules could curb loans to hemp businesses

The U.S. Small Business Administration updated its lending guidelines with new rules that could have a major impact on businesses servicing the cannabis industry – and not just those on the marijuana side.

The revised guidance, published in early April, prohibits banks from issuing SBA-backed loans to any company that has a direct business relationship with a cannabis or hemp firm.

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Nevada CBD company buys California firm for $2.2M to expand into topicals, edibles

Nevada CBD manufacturer Leafceuticals is expanding into topicals and edibles with the $2.2 million acquisition of California’s Irie CBD products. The acquisition gives Leafceuticals a processing plant in Oakland, California, for expanding its CBD line. The agreement calls for Leafceuticals – a subsidiary of Las Vegas-based Freedom Leaf – to pay $400,000 cash and $1.8 […]

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Maricann plans to acquire Swiss hemp grower for 8 million Swiss francs

Ontario-based Maricann plans to acquire a hemp farm in Switzerland for 8 million Swiss francs ($8.5 million), making the Canadian medical marijuana producer the latest to seek a toehold in the lucrative European hemp market Maricann announced plans Wednesday to acquire hemp producer Haxxon AG, which grows hemp for CBD products in a 60,000-square-foot facility in […]

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$3.2 million hemp processing plant in New York gets state funding

A new $3.2 million facility near Binghamton, New York, is the first in the United States to receive some form of government assistance to promote the processing of hemp. The hemp processing plant, an unnamed project slated to open later this year, is receiving $650,000 from the state, Binghamton TV station WIVT reported. It is the […]

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