Canada Hemp News

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This story first appeared at Marijuana Business Daily. The development of new genetic-editing technology offers cannabis companies a cost-effective way to make specific changes to marijuana and hemp plants – such as more disease resistance – without creating a genetically modified organism. The technology, known as Crispr-Cas9, will allow the cannabis industry to build new,
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A Canadian manufacturing company that makes agricultural equipment for the marijuana and hemp industries is accusing U.S. Customs and Border Protection of wrongly blocking imports needed by its Washington state subsidiary to build a hemp-trimming machine. Keirton USA says that Customs agents seized last month in Blaine, Washington, calling the equipment “drug paraphernalia.” The seizure
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(A version of this story originally appeared at Marijuana Business Daily and will be updated.) An Irish pharmaceutical firm, Jazz Pharmaceuticals, has agreed to purchase United Kingdom-based GW Pharmaceuticals, one of the largest medical cannabinoid companies in the world, for $7.2 billion, the drug companies said Wednesday. The proposed cash-and-stock deal would be the largest
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Molson Coors Beverage Co. says it has launched CBD drinks in Colorado through TRUSS CBD USA, its joint venture with HEXO Corp. The beverage line will be available in three flavors – Grapefruit Tarragon, Strawberry Hibiscus and Blueberry Lavender under the name, “Verywell,” Molson Coors and HEXO said Wednesday. The companies first partnered in 2018
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RAMM Pharma, a cannabis-based pharmaceutical company with products in several Latin American countries, has bought a 49% stake in the Sicilian CBD processing company Canapar. Based in Toronto, RAMM purchased the shares from the cannabis venture-capital firm Canopy Rivers. Under the agreement, RAMM paid $7 million cash to Canopy Rivers to buy a little more
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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
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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
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(A version of this story first appeared at Marijuana Business Daily International.) Canadian marijuana producer Hexo Corp. says it has settled a trademark-infringement lawsuit against a California CBD maker. Hexo sued Assi Project Management for unfair competition and trademark infringement in the U.S. District Court for the Southern District of California after discovering the company
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Thoughtful Brands, a cannabis and psychedelics company in Vancouver, British Columbia, has dissolved its subsidiary in Germany to focus on its direct-to-consumer brands, including a CBD maker in Kentucky. Thoughtful Brands says its subsidiary Verrian Germany GmbH has sought creditor protection and institute insolvency proceedings in Germany. Verrian focused on researching psychedelic compounds in Radebeul,
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Canadian greenhouse giant Village Farms International is moving ahead with plans to take over a firm it started as a joint venture to produce marijuana and CBD in British Columbia. Village Farms, one of North America’s largest producers of greenhouse tomatoes, bell peppers and cucumbers, has approval from its joint-venture partner Emerald Health Therapeutics to
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(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the hemp industry. Robert Ziner is founder and CEO of the Canadian Industrial Hemp Corp., which uses artificial intelligence to process hemp stalks and fiber to make hemp-based bio-composite pellets.) In many business opportunities, especially those focused on basic
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A longer version of this story appears on Marijuana Business Daily International. A new prescription CBD product is available in Peru, another sign the market is moving in the right direction. Toronto-headquartered Khiron Life Sciences, a company with its main operations in Colombia, said it became the “first company to sell and fill medical cannabis
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Thoughtful Brands, cannabis and psychedelics company in Vancouver, British Columbia, has acquired a Kentucky CBD maker in a stock-and cash deal worth CA$12 million ($9 million). Thoughtful Brands Inc. announced the execution of a deal to buy American Extraction CBD Corp., a privately held hemp grower and processor in Pikeville, Kentucky. The deal includes American
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CBD has “significant potential for growth” in Canada if the government were to allow the cannabinoid in natural health products, a think-tank predicts. A report released this week by the Canadian Health Food Association estimated the CBD market in Canada at CAD $1.9 billion ($1.44 million), with immense potential for exporting CBD to other countries.
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Kansas State University researchers are studying the effects of feeding industrial hemp to cattle. The research comes from a $200,000 grant from the U.S. Department of Agriculture, KSN-TV reported Wednesday. “Although hemp can be legally cultivated under license in Kansas, feeding hemp products to livestock remains prohibited because the potential for cannabinoid drug residues to
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Canadian cannabis producer Hexo Corp. and brewer Molson Coors Canada have launched new beverage products under their Truss Beverage Co. joint venture, marking increased competition in Canada’s much-hyped marijuana beverage market. The lineup of five drink brands unveiled Tuesday includes both CBD and THC products. All will be sold in Canadian marijuana dispensaries, not in