A Chinese business that planned to buy a hemp food company from Australian-based Elixinol Global, a CBD producer, has pulled out of the deal, citing economic impacts from COVID-19. Sydney-based Elixinol had worked on an agreement for Yunnan Luxin Biopharmeceutical to buy Elixinol’s Hemp Foods Australia, but the Chinese... Read more
A Canadian oil-and-gas company expanding into hemp extraction has acquired a Canadian hemp company in an all-stock deal worth CA$20 million ($14.4 million). As part of the deal, HTC Extraction Systems, based in Regina, Saskatchewan, will acquire various assets including land and licenses from KF Hemp. Those assets include... Read more
Last week, the hemp industry gained valuable insight into how the highest court in the European Union might rule on France’s ban on hemp-derived CBD products. The advocate general at the Court of Justice of the European Union issued an opinion that the restriction was not in line with... Read more
Ohio-based marijuana retailer and former CBD retail giant Green Growth Brands said this week it has filed for insolvency protection in Canada. The move comes two months after after the company abruptly shuttered its line of CBD retail kiosks in shopping malls as the coronavirus pandemic set in. The... Read more
Canadian marijuana giant Aurora Cannabis is further divesting itself of some of the hemp assets it began acquiring in 2017 as it tried unsuccessfully to profit from the CBD market. In its latest move, Aurora accepted an offer to sell a large greenhouse in Exeter, Ontario, for about half... Read more
A subsidiary of Australian hemp product producer Ecofibre has signed a deal to distribute a line of topical products at the U.S. drugstore chain CVS Pharmacy. EOF Distribution said in a statement last week that it will supply 10 hemp-derived products for exclusive sale at some CVS Pharmacy locations.... Read more
A CBD and hemp-oil manufacturer in Colorado has inked a deal to buy a CBD retailer in Switzerland, its second planned purchase of a Swiss company announced this month. CBD of Denver said Monday that it had signed an acquisition agreement with Royal Green GmbH. Terms of the acquisitionm were... Read more
An ornamental flower producer in the United Kingdom that is licensed to grow hemp and medical marijuana has been acquired by a group led by a cannabis investment firm. The U.K.’s Bridge Farm Group, which cultivates ornamental plants, flowers and herbs, announced last week that it was acquired by... Read more
France’s blanket ban on the marketing of all hemp-derived CBD products contradicts EU law on the free movement of goods, an adviser to the Court of Justice of the European Union said in a legal opinion on Thursday. The advocate general’s opinion, if followed by the top EU court,... Read more
A cannabinoid scientist in Colorado is being tapped to develop mushroom products for a CBD company that is exploring the market for psilocybin mushrooms. Canadian CBD business NewLeaf Brands Inc. announced that the former research director of a Colorado hemp company, Ebbu, will be their new chief science officer. The... Read more
