fbpx
QQQ
+ 0.68
327.43
+ 0.21%
DIA
-0.39
310.17
-0.13%
SPY
-0.48
385.02
-0.13%
TLT
-0.35
154.02
-0.23%
GLD
-0.27
174.30
-0.16%

Front Range Bio Acquires Hemp Genomics Co. Steep Hill

August 16, 2019 1:10 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Front Range Bio Acquires Hemp Genomics Co. Steep Hill

Front Range Biosciences, an agricultural biotech company that specializes in high-value crops like cannabis and hemp, announced this week its acquisition of Steep Hill’s Genomics Research & Development team.

Through this partnership, FRB will further build out its IP library and accelerate key research in the pursuit of healthy and dependable crop yields. Ultimately, this allows FRB to continue providing unique and advantaged cannabis and hemp varieties to farmers and growers, further supporting the industrial hemp market, which is projected to hit $20 billion in 2024.

“To partner with an esteemed group like Steep Hill represents a pivotal moment in our company’s life cycle, as well as the industry overall,” said Dr. Jonathan Vaught, CEO and Co-Founder of FRB. “The more leaders we can have come together and collaborate for the advancement of the space, the better.”

Related Links:

Big Opportunities: Michigan Cannabis Market 'Could Easily Eclipse $2B'

Green Peak Joins Forces With Michigan-Based Short's Brewing To Create Cannabis-Infused Beer, Edibles

Posted-In:

Cannabis M&A News Markets

Related Articles

Cannabis Stock Gainers And Losers From January 25, 2021

GAINERS: Primo Nutraceuticals (PINK: BUGVF) shares closed up 80% at $0.90 read more

Kona Gold Beverage Acquires S&S Beverage To Boost LEMIN Distribution

Hemp and CBD beverage company Kona Gold Beverage Inc. (OTCQB: KGKG) has acquired S&S Beverage Inc. read more

Valens Buys Canadian Edibles Producer LYF Food Technologies For $19.6M

Cannabis products producer The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) has agreed to buy LYF Food Technologies Inc., a cannabis edibles producer, in a cash and share transaction for CA$24.9 million ($19.6 million). read more

Cannabis REIT IIP Inks Deal With Harvest Health For Fourth Florida Property

Cannabis-focused real estate company Innovative Industrial Properties Inc. (NYSE: IIPR) has finalized its purchase of an Alachua, Florida-based property for $23.8 million. This is the company’s fourth acquisition in Florida. It covers around 295,000 square feet of industrial space. read more