Hemp Finance, Investing and Banking News

$42M Merger Creates Hemp Juggernaut in Canada

A single company is about to dominate Canada’s thriving hemp-based foods industry. Manitoba Harvest this week acquired Hemp Oil Canada for $42 million, which will give the combined company an edge in two industries: hemp foods and hemp ingredients, according to the Winnipeg Free Press. Manitoba Harvest will generate an estimated $75 million in annual […]

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Colorado City Giving Hemp Firm $5M in Incentives

The city of Pueblo, Colorado, is giving an upstart company a package of incentives worth $4.89 million to buy equipment and transform a long-shuttered former Boeing plant into a large CBD and hemp processing facility. The deal marks the first time a city has backed a hemp company to spur economic development, according to a statement from the […]

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22 Companies Investing in Kentucky Hemp Industry

Kentucky may just get the industrial revolution it was hoping for from hemp. So far, the state has seen 22 companies throw money into industrial hemp cultivation and processing, fueling hopes that the plant will rejuvenate Kentucky’s lagging agricultural economy. One company, GenCanna, has even pumped $5 million into a 100-acre grow site for industrial hemp and is hoping […]

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