Hemp Finance, Investing and Banking News

Confusion, enthusiasm combine at Hemp Investor Forum

Uncertainties surrounding regulations – both at the state and federal levels – and a lack of recent historic data in the United States are factors that could discourage investors in the American hemp industry, attendees at a Denver forum heard last week. However, savvy investors can still find opportunities in “one of the most unique […]

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Hemp manufacturer Charlotte’s Web explores uplisting to TSX, US stock exchanges

Charlotte’s Web, the Colorado-based hemp and CBD company, is continuing to explore the possibility of either uplisting to either the Toronto Stock Exchange or U.S. exchanges. Various options are being looked at, including a possible listing on the New York Stock Exchange, CEO Hesaam Moallem told analysts on a conference call to discuss the company’s […]

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‘Most of the industry looks good on paper’: Q&A with Highwater Financial’s Brent Williams

With new companies – both cannabis and mainstream – entering the hemp and CBD market every day, it may be difficult for investors to know where the best investment opportunities exist. But there are also more places to get guidance than ever before. For example, Brent Williams founded hedge fund and consulting firm Highwater Financial in […]

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CV Sciences earnings rise, but CEO says CBD confusion limiting growth

(This story has been updated to clarify that the CEO referred to state regulatory differences on CBD, not seizures of CBD.) CBD giant CV Sciences posted $10.2 million in profit last year, a big improvement from 2017, when the company lost roughly $4.9 million, according to the firm’s year-end fiscal report. The San Diego company, which […]

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SodaStream CEO invests in cannabis tech firm Seedo, joins board

The CEO of a beverage company recently acquired by PepsiCo is placing his bet on marijuana, joining the board of directors of and making a significant personal investment in an agriculture business working in cannabis production. Daniel Birnbaum, CEO of at-home carbonated drink maker SodaStream – which PepsiCo acquired last year for $3.2 billion – will join […]

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Earnings roundup: GW Pharmaceuticals awaiting big CBD drug sales as it reports losses

GW Pharmaceuticals, the drugmaker behind the only federally approved CBD product, is still losing money, though it says it’s happy with early sales of its seizure control drug Epidiolex. Last summer, Epidiolex became the first cannabis-derived treatment approved by the U.S. Food and Drug Administration, prompting the U.S. Drug Enforcement Administration to reschedule CBD under […]

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Marijuana companies look to build big business in hemp

Two large cannabis companies said Monday they are investing in developing their own lines of hemp-derived products by opening subsidiary companies. Chicago-based Cresco Labs, a vertically integrated, multistate cannabis operator, is opening Well Beings to offer a full line of hemp-derived products eligible for national distribution, as well as CBD versions of house-branded products that include […]

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Nasdaq accepts Canadian company planning to grow hemp in Texas

Village Farms International, a Canadian company that’s adding U.S. hemp to its business producing greenhouse-grown tomatoes, bell peppers and cucumbers, has graduated to the Nasdaq exchange. The company says it will leave the over-the-counter markets – where it trades as VFFIF – and list on the Nasdaq Capital Market as VFF. A date for the […]

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Canada marijuana titans flexing into US hemp industry

Flush with cash and looking for a toehold in the United States, Canadian marijuana companies are making big investments in hemp. Consider: Canopy Growth (NYSE: CGC), an Ontario marijuana producer that snagged an investment for 5 billion Canadian dollars ($3.8 billion) from a New York alcohol company, recently announced it is entering the U.S. hemp market. […]

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Mainstream consumer products branding firm buys CBD company in deal valued at $120M

In a deal directly related to the U.S. legalization of hemp in December, a firm that specializes in branding consumer-product companies acquired CBD manufacturer Cure Based Development. The sale, an all–stock transaction, is valued at $120 million based on expected revenue of $300 million over the next five years. Level Brands (NYSE: LEVB), whose portfolio includes […]

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Charlotte’s Web lands Coca-Cola executive to help guide expansion goals

Charlotte’s Web Holdings is looking for a new CEO as it brings on a marketing expert from the world’s largest beverage maker to chart new growth plans. The CBD manufacturer announced Thursday that it had hired Eugenio Mendez, a former vice president of The Coca-Cola Co. who focused on global marketing for the beverage giant’s water, […]

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