Hemp Stocks & Public Companies

Green Growth Brands completes first equity raise for CA$50.2 million

A Columbus, Ohio-based cannabis retailer that distributes CBD products at big-box retail stores and malls across America has completed its initial equity raise through a bought deal offering for 50.2 million Canadian dollars ($37.8 million). Green Growth Brands said in a statement that the raise is intended to fuel expansion. The company plans to combine […]

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Charlotte’s Web reports revenues buoyed by distribution deals; new CFO hired

Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, on Wednesday reported revenue of $25 million for the second quarter ended in June, up 45% from the same period a year ago. Profit for the quarter was $18.8 million, up 35% from the previous year. Meanwhile, the company also announced that Chief Financial Officer Richard Mohr is […]

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Don’t fall victim to fantasy valuations in the hemp sector

We often hear from acquirers and company owners alike in cannabis sectors that the times we are living in now are like “the first years after Prohibition in 1933.” The implication is that hemp and marijuana versions of Anheuser-Busch, Coors and Seagram are being formed now, and it won’t be long before products will start […]

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Strong CBD drug release powers GW Pharmaceuticals’ record revenue

Strong patient interest in the only federally approved CBD product in the United States helped drugmaker GW Pharmaceuticals record $72 million in revenue last quarter. Epidiolex, a seizure control drug approved by the U.S. Food and Drug Administration, has seen brisk sales and new patient enrollments since the drug’s launch last November. GW Pharma (Nasdaq: GWPH) reported that […]

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European Medicines Agency panel OKs GW Pharma’s cannabis drug

The Committee for Medicinal Products for Human Use (CHMP) recommended approval of the British company’s cannabis-based medicine Epidiolex, said the drug’s maker, GW Pharmaceuticals. The CHMP is tasked with preparing the European Medicines Agency’s opinions on queries about the marketing of human medicines. The CHMP opinion was adopted July 25, and the final decision now […]

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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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