Landing a Buyer: Executives who have closed M&A deals reveal what makes them commit

This story appears in the January issue of Marijuana Business Magazine. Acquisitions remain a key strategy for companies looking to enter or expand their reach within the cannabis industry, but sellers must be ready to seize such opportunities.  Owners who would like to exit the hemp space or join larger conglomerates should be ready to:  Decide whether to engage a broker.  Ensure their financial information is ready for close […]

Aurora Cannabis breach exposes personal data of former, current workers

A data breach at Aurora Cannabis has exposed the personal information of an unknown number of the Canadian company’s current and former employees, Marijuana Business Daily has learned. An email sent to a victim of the data breach cites a Dec. 25 “cybersecurity incident during which unauthorized parties accessed data in (Microsoft cloud software) SharePoint and OneDrive.” […]

Cannabis firm Canopy Growth sues GW Pharma, claiming patent infringement

This story originally appeared at Marijuana Business Daily. Canadian cannabis producer Canopy Growth Corp. is suing UK-based GW Pharmaceuticals in U.S. federal court, alleging that GW is knowingly infringing upon Canopy’s intellectual property. GW used a Canopy-patented method to extract the CBD that’s the active ingredient in its Epidiolex medication, according to a complaint filed […]

New California cannabis health warning label requirement could trigger swell of industry lawsuits

California’s new warning label as it appears on a La Vida Verde cannabis product. (Photo courtesy of La Vida Verde) A version of this story first appeared at Marijuana Business Daily. California’s hemp-derived CBD manufacturers are at risk of legal “whiplash,” one industry attorney says, after a new mandate requiring health warning labels for all […]

Aphria, Tilray to form biggest global cannabis company by revenue

Aphria and Tilray, two Canadian giants in cannabis, have agreed to combine operations and form an international bohemoth with combined equity value of approximately 5 billion Canadian dollars ($3.9 billion). The merged entity includes Manitoba Harvest, a Winnipeg maker of hemp food products that was acquired last year by Tilray. Based on data reported by […]

They raised $150 million to invest in hemp companies. But they couldn’t find the right partners, forcing a pivot.

Hemp businesses won’t benefit directly from the $150 million raised by a special-purpose acquisition company that was initially established in hopes of investing in and further developing the U.S. hemp market. But a deal was made in the spirit of aligning the industry with large manufacturers in the future, according to Geoff Whaling, president of […]

Abaca Announces Merchant Services for Hemp and CBD Businesses

NORTH LITTLE ROCK, Arkansas (December 11, 2020) – Since he founded his business, Ryan Croy, co-founder of Honcho & Hoss, CBD for the Everyman, has gone through three credit card processors – not by his choice. “One pulled the plug on me over the weekend. One said they’d process but bailed before we ever got […]

Canada’s Canopy Growth loans $20 million to hemp-CBD subsidiary of TerrAscend

Arise Bioscience, a Florida-based hemp-derived CBD subsidiary of TerrAscend Corp., has received a $20 million loan from Canada’s Canopy Growth. In exchange for the loan, TerrAscend, which makes prescription cannabinoids and is headquartered in Mississauga, Ontario, has issued 2,105,718 common share purchase warrants to Canopy Growth, according to a statement announcing the deal Thursday. Canopy […]

Martha Stewart brand CBD wellness products hit national retail shelves

One of the nation’s largest chained retailers of health supplements, The Vitamin Shoppe, is the first national retailer to carry the full line of hemp-derived CBD wellness products from lifestyle guru Martha Stewart, according to Smith Falls, Ontario-based cannabis operator Canopy Growth Corp. Previously, the Martha Stewart brand, which was developed in collaboration with Canopy […]

USDA will move on hemp regulations in 2021 but FDA will not, MJBizDaily CEO predicts

This session and other MJBizCon 2020 content is available on demand. New leadership at the U.S. Department of Agriculture under the Biden administration will result in the agency “taking another look at looming rules for a nationwide hemp regulatory network,” said Chris Walsh, CEO and president of Hemp Industry Daily and Marijuana Business Daily. Walsh […]

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