Chinese eyeing $100m Canadian investment?

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(With biz notes on: New Cannabis Ventures, QBL, Hempoint, HempHub)

Hemp Industry Firms

InnoTech Alberta (Canada) says a Chinese textile firm is looking at investing $100 million in Canadian hemp, while one of its scientists, Jan Slaski, is predicting the hemp industry in Canada could hit $1 billion annually “within a few years.” The Canadian hemp industry is now pegged at $200-million. Slaski also said a Quebec uniform maker is exploring construction of a hemp processing plant in Alberta. InnoTech is growing 14 types of hemp this year for seeds, fiber and hurd, and testing that material for a variety of uses.

New Cannabis Ventures (USA) has launched a tool that tracks revenues of select public companies in the cannabis space. The “Public Cannabis Company Revenue Tracker” is based on data from the U.S. Securities and Exchange Commission and SEDAR, which tracks publicly traded firms in Canada.

QBL (Australia) says winter hemp trials planted by a subsidiary have been a success, as the company prepares to take advantage of the recently approved national market for hemp foods which opens later this year. QBL announced in March acquisition of 55% of Medical Cannabis Limited (MCL).

Hempoint (Czech Republic) supplied seed for the historic planting of 60 acres on the Colville Reservation in Washington (USA) that will be harvested this autumn. The crop is among the first allowed under the state of Washington’s government controlled industrial hemp research pilot program and the first on tribal lands. The lands are under the 12 Confederated (native American) Tribes of the Colville’s program to increase revenue for tribal members and create jobs to replace those of a lagging timber industry.

HempHub (South Africa) has relaunched its web site and redesigned packaging for its range of CBD products under its “The Good Bloom” brand.

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