$1.7m suit over extraction building
A New York, USA hemp company filed a federal lawsuit against a North Carolina construction company, seeking a total of $1.7 in gamages over what…
Companies
Tennessee CBD maker gets $50k grant
Tennessee, USA CBD maker Hemp2Lab, Memphis, received a $50,000 grant from the state’s departments of Agriculture, and Economic and Community Development. The funds come from…
Indiana opens first hemp laboratory
An Indiana company said it opened the first analytical testing laboratory for hemp in the state to service farmers, extractors, formulators and finished goods suppliers….
California company booted by Nasdaq
San Diego, California, USA company Youngevity has been delisted from the Nasdaq stock exchange after its share price fell below one dollar and the company…
Tobacco firm buys hemp smokes maker
Kentucky tobacco company Turning Point Brands said it acquired 20% of Wild Hempettes, a Texas-based hemp cigarette brand, and picked up an option for 100%…
L’Oreal launches hemp skincare line
French personal care giant L’Oreal has launched Garnier Organic Hemp, an “anti-stress” skincare line that includes a day cream and an oil for night time,…
Colorado company buys extractor
EcoGen Biosciences said it acquired Colorado-based hemp processing and extraction company General Processing LLC. EcoGen, based in Grand Junction Colorado, said it will boost production…
Polish hemp company raises €1 million in 38 minutes via crowdfunding
Polish hemp company Kombinat Konopny raised 4.2 million zlotys (€950,000/~$1.1 million) in 38 minutes on Monday, Nov. 16, shattering the record on crowdfunding platform Crowdway.pl….
Chinese pharma giant backs hemp project
The board of China’s Renhe Pharmaceuticals Co., Ltd. agreed to develop a broad-based industrial hemp project and three other initiatives in the medical sector. Projects…
Bankrupt GenCanna, creditors strike deal
Bankrupt Kentucky hemp company GenCanna has agreed to a settlement with its creditors, who will get $1.1 million cash and 15% of collections from any…