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 reduced price of $4.90 per share. […]
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. The Rhode Island-based chain has 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 its CA$17 million ($12.1 million) listing […]
House lawmakers have overwhelmingly passed a pair of bills to better expand and facilitate access to medical cannabis products.
A Florida company is recalling a batch of CBD oil voluntarily after a state agency tested the product and found that it contained dangerous levels of lead. The Florida Department of Agriculture and Consumer Services tested a random sample of Summitt Labs’ Kore Organic Watermelon CBD Oil Tincture, which showed the product to contain 4.7 […]
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 an entity controlled by representatives of […]
Three lawsuits filed by Tennessee CBD retailers against local authorities for closing their legal stores during a sting operation in 2018 will move forward, despite the defendants’ appeal to dismiss the allegations against them. In the February 2018 “Operation Candy Crush” sting in Rutherford County, Tennessee, law enforcement officers padlocked 23 stores and charged 17 […]
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 not disclosed. The Swiss CBD outlet […]
When COVID-19 spread and forced store closures, California-based Papa & Barkley lost about half of the 400 small CBD retail shops where the company was selling its products. Then online sales exploded. Adam Grossman “We’ve seen a pretty dramatic increase in our online transaction volume,” said Adam Grossman, CEO and founder of Papa & Barkley. […]
“Times have changed; attitudes have changed, and in many places, the marijuana laws have changed. It is time for workplace policies to adapt to this new reality.”
