Hemp Stocks & Public Companies

Harvest Health inks deal with Asian-American trade group to sell CBD at 10,000 retail stores in US

An Arizona cannabis company said Tuesday it has signed a landmark agreement to bring its CBD products to more than 10,000 gas stations, convenience stores and other retail locations in the United States. The partnership between Phoenix-based Harvest Health & Recreation and the Asian American Trade Associations Council (AATAC) retailer network will bring the company’s […]

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Illinois holding company buying hemp manufacturers, says it wants in on boom

An Illinois holding company is acquiring manufacturers that make hemp-derived CBD products, with an eye toward becoming a serious player in the space. Acquired Sales Corp. of Lake Forest is changing its name to CBD Lion and is flexing into the hemp market with significant acquisitions and investments: The company is acquiring Lifted Liquids – a […]

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Charlotte’s Web reports improved quarterly revenues, lower net income

Charlotte’s Web Holdings, which makes whole-plant hemp health supplements, reported quarterly revenues of $21.7 million for the three months ended March 31, up almost 66% from the corresponding period last year ($13.1 million). The Boulder, Colorado-based company reported net income of $2.3 million for the period, compared with $3.1 million last year. Charlotte’s Web trades […]

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Vegetable producer Village Farms expands hemp, CBD production into Colorado

Village Farms International, a prominent greenhouse vegetable producer from Canada, is entering the Colorado hemp market with a $5 million joint venture to start growing CBD-rich hemp in the Centennial State. To accomplish the move, Village Farms entered a joint venture with Arkansas Valley Hemp in southern Colorado. Under the agreement, Vancouver, British Columbia-based Village […]

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Charlotte’s Web closes CA$140 million share offering

Charlotte’s Web, a Colorado-based CBD manufacturer, said it has raised 140 million Canadian dollars ($105 million) in a share offering. The move, in which existing shareholders sold some of their shares, was part of the company’s plans to raise up to CA$500 million. The overall raise will likely be used for possible acquisitions, funding ongoing […]

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Curaleaf agrees to buy Cura Partners for CA$1.27 billion in all-stock deal

Massachusetts-based Curaleaf, a vertically integrated marijuana and hemp company, agreed to acquire Portland, Oregon-based Cura Partners in an all-stock deal worth 1.27 billion Canadian dollars ($949 million). Curaleaf will issue 95.6 million subordinated voting shares, giving Cura a roughly 16% stake in the company. Cura’s Select brands are available in more than 900 retailers, mainly in […]

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Ohio company’s takeover bid for Aphria cannabis group expires

Green Growth Brands, which sells hemp-derived CBD personal-care products in U.S. shoe stores and mall kiosks and trades on the Canadian Securities Exchange as GGB, won’t be buying Canadian marijuana producer Aphria. The hostile takeover bid has expired. Aphria, which trades as APHA on both the New York Stock Exchange and the Toronto Stock Exchange, consistently […]

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The Vitamin Shoppe sells edible CBD supplements, against FDA guidance

The Vitamin Shoppe is the latest large retailer to announce it now carries CBD, but unlike other drugstore chains, the New Jersey-based company is selling edible CBD supplements and drops. The move goes against repeated warnings from the U.S. Food and Drug Administration (FDA)  that CBD in food, cosmetics and dietary supplements remains illegal. With 700 stores […]

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Arizona payments processor to serve hemp, CBD businesses

While other banks and payment processors are stepping back, Hypur, an Arizona-based payments processor, has launched services to serve hemp and CBD merchants throughout the United States. Elavon, a U.S. Bank payments solution subsidiary, recently announced it would withdraw its services to the sector because of concerns over federal regulations. Other payment processing companies such as […]

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Aurora Cannabis to increase hemp stake, buy Alberta producer

Canadian marijuana giant Aurora Cannabis is getting deeper into the hemp space, announcing Tuesday that it plans to acquire the rest of a hemp company it partially purchased last year. Aurora said it will buy the remaining outstanding shares of Hempco Food and Fiber, which makes hemp foods and nutritional supplements in Nisku, Alberta. Aurora, which […]

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Hemp companies left looking for banking alternatives

The stability that the 2018 Farm Bill was supposed to bring to the hemp industry remains elusive, particularly on the banking front, where a risk-averse industry has been pulling its previously dipped toes out of the water. U.S. Bank’s payments processing subsidiary Elavon recently opted to pull out of offering services to hemp farmers and […]

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