A California coffee company says it has broken ground on a project to build a hemp grow and processing facility in Nicaragua as part of an agreement with a cooperative there. Youngevity International of Chula Vista announced the groundbreaking Tuesday, saying two of its U.S. subsidiaries, including one that... Read more
CBD maker GW Pharmaceuticals lost $8 million in its latest quarter – an improvement over the previous three-month period – but the United Kingdom-based medical cannabinoid company warned the COVID-19 pandemic could hit sales if fewer patients visit their doctors. Revenue in the quarter ending March 31 reached $120.6 million,... Read more
A group of investors says a Canadian cannabis producer misled them when it said it was acquiring a UK-based agricultural company that could “almost immediately” start exporting hemp and CBD products to the European Union. Afederal lawsuit filed in New York Thursday alleges that the representations Sundial Growers, Inc.... Read more
A Toronto-based biopharmaceutical cannabinoid company is exporting 100,000 hemp seeds to Denver from Colombia through a subsidiary there. The first seeds were exported Thursday, according to Avicanna CEO Aras Azadian. Avicanna develops, manufactures and sells plant-derived cannabanoid-based products. Exporting all the seeds will be completed in the next two... Read more
With time ticking down for CBD manufacturers to meet the UK’s deadline for having a validated EU novel food application in hand, two European hemp associations are pooling resources to meet the application’s requirements. The assistance on offer from the European Industrial Hemp Association in Germany and the Association... Read more
A CBD and hemp-oil manufacturer in Colorado has plans to buy a cannabis-growing operation in Switzerland. CBD of Denver expects to close on the purchase of CBDWelt24 GmbH and its two hemp cultivation facilities in Switzerland by the end May. The purchase price was not disclosed. According to a statement... Read more
Aerial photo of Lithempa facility (Photo courtesy of Rokas Šliupas) In a rural part of northern Lithuania, down a stretch of dirt road flanked by vast fields, Rokas Šliupas has spent months amassing the equipment he needs to kick-start Lithempa, his new hemp-extraction business. Located just outside the town... Read more
Canadian CBD company NewLeaf Brands Inc. has bought a Colorado-based businesses that cultivates different strains of mushrooms for medical purposes. Vancouver, British Columbia-based NewLeaf Brands Inc. said in a news release Thursday that it had acquired Mydecine Group in an all-stock deal. The agreement calls for NewLeaf Brands to... Read more
Sannabis co-founders John Pablo (left) and Juan Pablo Guzman have U.S. permission to import hemp but are snagged by pandemic delays. (Photo courtesy Sannabis) A Colombian company with aspirations of raising hemp in Uruguay and exporting it for sale in the U.S. has the plants and permission from U.S. authorities to... Read more
Police in northeastern Switzerland have shut down an indoor hemp-growing operation and detained its operator after a search of the property unearthed cannabis plants and biomass that exceeded legal THC levels. Thurgau police say they raided the Rothenhausen facility in February following a tip about suspected illegal activity. The... Read more
