Linton and Geoff Whaling, co-founders of the new Austin, Texas-based blank check company Collective Growth Corporation, sat down with Hemp Industry Daily following the company’s listing on the Nasdaq on May 1, to discuss why and how they started the company and what comes next. Hemp supply chain awaits cash infusion as Collective Growth makes […]
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In the midst of the coronavirus pandemic, CV Sciences, a hemp CBD manufacturer based in San Diego, reported revenue of $8.3 million for the first quarter ended March 31, down 45% from the same period a year ago. For the first three months of the 2020 fiscal year, sales were $8.2 million, down 45% from […]
Texas has proposed a slate of rules for consumable hemp products and asked the public to make suggestions on them. The Department of State Health Services rules published Friday address oversight and licensing for manufacturers, processors and distributors. The rules would also require $150 annual registrations for retailers to sell CBD. Public comments are due […]
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. made on January 2019 were “grossly […]
If you’re a hemp farmer who is sitting on flower and biomass produced in 2019, you aren’t alone, says Casey Flippo, CEO of Little Rock, Arkansas-based hemp extraction firm Natvana LLC. Because the hemp market, which already had been seeing a shortage of processors and extraction facilities, is seeing more of these firms going offline […]
A Toronto-based biopharmaceutical cannabinoid company is exporting 1oo,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 weeks. The Colombian government said that […]
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 released on Wednesday, CBDWelt24‘s annual revenue […]
Iconic cannabis magazine High Times has tapped Peter Horvath, former CEO of a nationwide CBD retailer, to lead its pivot into marijuana retail. High Times Holding Corp. announced the appointment Wednesday, less than two months after he left Ohio-based retailer Green Growth Brands. The departure came as the company sold off most of its nationwide chain […]
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 for the Cannabinoid Industry in the […]
The CBD market has attracted plenty of entrepreneurs, despite the nascent industry’s wild ride so far. Running a business won’t always go smoothly, but you can learn how to navigate uncertain times, whether it’s COVID-19 or another unexpected calamity. The clock is ticking to register for Hemp Industry Daily’s live webcast, “Starting a CBD Business During a Time […]
