An organic hemp-oil manufacturer in Colorado has appointed a dietary-supplement industry veteran to oversee inventory, extraction and manufacturing. Asa Waldstein will take on the role of senior vice president of operations for Functional Remedies, the company said Tuesday in a statement. Waldstein previously served as VP of operations and regulatory... Read more

A federal bankruptcy judge has approved the sale of the bulk of the assets for GenCanna Global, a hemp processor and CBD product manufacturer based in Winchester, Kentucky, to MGG Investment Group, a New York-based, private direct lender and one of GenCanna’s creditors. The deal, valued at $77 million,... Read more

A Seattle maker of CBD for pets and a holistic pet company that sold branded CBD treatments called the “Zen Pen” are now embroiled in a legal battle over shelf stability and expiration dates. Sage Fulfillment sued Earth Animal Ventures Inc. in April, accusing the Connecticut company of failing to purchase the... Read more

A publicly traded agricultural technology company announced Monday that it has raised $6.8 million through warrants to fund new opportunities within its hemp division. Arcadia Biosciences, based in Davis, California, gave investors the chance to exercise existing warrants to purchase nearly 1.4 million shares of common stock at a... Read more

A Florida company is voluntarily recalling a batch of CBD oil after a state agency tested the product and found that it contained dangerous levels of lead. The Florida Department of Agriculture and Consumer Services (FDACS) tested a random sample of Summitt Labs’ Kore Organic Watermelon CBD Oil Tincture,... Read more