Hemp Stocks & Public Companies


Charlotte’s Web to acquire Abacus Health Products for $68M

A major Colorado CBD maker will purchase a Rhode Island company that makes CBD topical products, the two companies announced Monday. Charlotte’s Web, a producer of hemp-derived CBD wellness products based in Boulder, Colorado, will acquire Abacus Health Products of Woonsocket, Rhode Island. for implied total equity consideration of approximately CA$99 million ($68.2 million). Under […]

Read More

Troubled cannabis retailer Green Growth Brands announces CEO’s departure

Green Growth Brands, an embattled cannabis retailer in the process of selling off its line of mall-based CBD kiosks, said its CEO has stepped down, effective immediately. The outgoing CEO, Peter Horvath, came to the Columbus, Ohio, company after leading company strategy for retail giants such as Victoria’s Secret, American Eagle Outfitters, DSW and Limited […]

Read More

Uncertain future for CBD, continued competition drive down CV Sciences’ fourth-quarter sales

CV Sciences, a San Diego-based CBD manufacturer that makes topical treatments sold nationwide, saw sales drop by 34% in the most recent fiscal quarter as the company blamed an overheated market for missing analyst expectations. “The category is simply over-branded,” CEO Joseph Dowling told investors Monday about the quarter that ended Dec. 31. During the […]

Read More

Charlotte’s Web cites need for better hemp research in launch of new division

Saying the hemp industry needs better research into cannabinoid safety and efficacy, Colorado CBD maker Charlotte’s Web has launched a new research division and tapped a former health diagnostics executive to lead it. Tim Orr is leading a new division called Charlotte’s Web Labs, a team of about a dozen that will expand the company’s research efforts […]

Read More

California firm cuts $25M revenue projection on hemp-trading platform

California-based KushCo Holdings, a cannabis company specializing in ancillary products such as packaging, is ratcheting back its hemp revenue predictions. The company told investors Friday that it’s retracting its 2020 hemp revenue guidance of $25 million. The announcement came as the firm announced it will miss this quarter’s revenue estimates. The company cited a “slower-than-anticipated rollout […]

Read More

Cannabis firms BR Brands, Dixie to merge hemp, MJ portfolios in $43 million deal

Connecticut-based BR Brands, which owns and distributes a range of marijuana and hemp products, on Monday announced it will merge with Denver-based Dixie Brands in a $43 million reverse takeover. Dixie Brands is a consumer-packaged goods company and manufacturer of cannabis-infused products, including Aceso Hemp, a line of hemp-derived supplements for humans, and Therabis hemp-based […]

Read More

CBD uncertainty in the US market prompts $112M Tilray writedown

Canadian marijuana producer Tilray is lowering the value of its U.S. CBD assets, citing delays from health regulators. Tilray executives reported a $112 million writedown of the value of its 2019 agreement with Authentic Brands Group. The two companies planned to bring CBD products to mass retail outlets, but the lack of direction from the […]

Read More

FDA pledges action against ‘unlawful CBD products’ while offering confidentiality for research

The U.S. Food and Drug Administration said it will continue to “take appropriate action against unlawful CBD products that pose a risk of harm to the public,” even as the federal agency implored the industry to collaborate with the government to study CBD’s possible benefits and dangers. The statement Thursday from new FDA Commissioner Dr. […]

Read More

CBD manufacturer snags $5 million from private equity firm

A New York-based company that makes hemp-derived CBD supplements, drinks and cosmetics has secured $5 million from a European private equity firm in a cash-for-stock deal. Emerald Organic Products, which makes CBD products under the Pura Vida Vitamins label, on Tuesday announced the deal with Bedrock Group Holdings, a private equity firm with offices in […]

Read More

Losses widen for Green Growth Brands as it plans sale of CBD business

Green Growth Brands, an Ohio-based cannabis retailer that owns both marijuana dispensaries and the nation’s largest chain of CBD retail locations in mall kiosks, reported $21.2 million in revenue for the fourth quarter of 2019, up more than 600% from the same period in 2018. The company also announced plans to sell its CBD business […]

Read More

Sports Illustrated, Canopy are latest to chase sports market

Sports Illustrated and Canadian cannabis behemoth Canopy Growth are the latest players looking for a piece of the sports nutrition and recovery market. New York-based Authentic Brands Group, owner of the Sports Illustrated brand, said it will roll out a line of CBD-infused topicals by the end of 2020. And Canopy Growth, majority owner of […]

Read More