A Nevada hemp and marijuana breeder is looking for Chapter 11 bankruptcy protection, telling a federal court that COVID-19 shutdowns in Europe left the company unable to pay its debts. Pharmagreen Biotech in Carson City breeds cannabis clones – sometimes called liners, plantlets or young plants – for sale... Read more
Neptune Wellness Solutions, a Laval, Quebec-based CBD extractor and manufacturer, reported revenue of $16 million (CAD $21.4 million) for the fiscal quarter ended June 30, up 390% from the same period a year ago. But the company, which grows marijuana in Canada and hemp in North Carolina, reported a... Read more
Two Canadian marijuana companies have made processing and distribution agreements with CBD businesses, including one in the U.S. WeedMD Inc., a producer and distributor of medical marijuana in Ontario, said Tuesday it signed a commercial arrangement to manufacture, package and ship Revity CBD, a product line from Canadian retailer... Read more
A cloud of uncertainty has settled over Europe’s CBD industry after the European Union’s executive body said it had taken the preliminary view that cannabidiol extracted from cannabis flowers should be considered a narcotic. With a potential blanket ban on CBD in food looming on the horizon, the impact... Read more
Uruguay is making it easier to export marijuana and hemp by eliminating the requirement that plants be registered first as medicine. But the change signed by President Lacalle Pou applies only to crops grown from 2018 to this year. Deputy Secretary of the Presidency Rodrigo Ferrés announced the actions... Read more
Khiron Life Sciences, a vertically intergrated Colombian cannabis company, has signed a deal to sell its CBD skincare products in the Hong Kong region later this year. Khiron signed the distribution agreement for its Kuida CBD skincare line with DNO Group, an Asia-Pacific distributor with a network of more... Read more
(This story first appeared on Marijuana Business Daily International.) United Kingdom-based GW Pharmaceuticals posted marginal revenue growth in the second quarter over the previous quarter, citing challenges stemming from the COVID-19 pandemic. GW reported revenue of $121.3 million for the quarter ended June 30 – about the same as the previous... Read more
More than two dozen Dutch cannabidiol producers are self-certifying their products and sharing lab results and product origins with consumers – a move to foster transparency and accountability amid uncertainty about the future of cannabidiol products in the European Union. The Cannabinoid Association of the Netherlands (CAN) announced the... Read more
Hemp growers in Portugal got some long-awaited clarity on cultivation oversight this week after legislation naming the country’s regulatory bodies for hemp crops took effect. Under guidelines that took effect on Wednesday, the cultivation of EU-certified industrial hemp in Portugal will be regulated by four state agencies: The Agriculture... Read more
A major greenhouse grower based in Canada has inked an agreement to buy part of a cannabinoid seller in Australia to support its ambitions of entering the CBD market in the Asia-Pacific region. Village Farms International, a grower with greenhouses and partner greenhouses in Canada, the U.S. and Mexico... Read more
