CBD

Many CBD companies continue to report issues with payment processing as well as maintaining a bank account. The issue has also been discussed in the U.S. and other countries, like the U.K., where recent regulations may be adversely impacting businesses. Tyler Beuerlein is a cannabis banking expert...

True Leaf Brands Inc. (OTC: TRLFF), the dominant company in the cannabis pet world, said  Tuesday that it's launching veterinarian-formulated CBD supplements for dogs that will be presented at the SuperZoo 2019 pet industry trade show in Las Vegas. The new CBD product line is...

By New Frontier Data Europe In Spain, the cannabis social club (CSC) model for cannabis distribution is becoming a well-established if furtively reported system capable of annually drawing consumers equivalent to 9%-27% of its 46.4 million residents. In practical terms, the system accommodates more...

Canadian cannabis company Aurora Cannabis Inc (NYSE: ACB) announced Monday that its acquisition of Hempco Food and Fiber Inc. has closed at a valuation of around CA$63.4 million ($47.4 million).  What Happened Aurora announced in April that it would acquire the remaining interest in the...

CannTrust Holdings Inc (NYSE: CTST) plummeted last week after issuing a press release acknowledging it hat failed a Health Canada inspection in July. The company said it accepts the findings and is already taking actions to fix its wrongdoings. Meanwhile, Greenlane Holdings, Inc. (NASDAQ: GNLN)...

Hemp-derived CBD products manufacturer Craft 1861 said on Thursday it has established a venture with the World Boxing Council. Both parties will work together on research for CBD use in the recovery process and will develop a line of products. What Happened The venture will include research to...

By William Sumner, Hemp Business Journal Contributor Last week, GW Pharmaceuticals (NASDAQ: GWPH) released its financial results for the second quarter, and the results surprised analysts and investors alike. Year-over-year, the company's revenue for the quarter rose from $3.3...

Canopy Growth Corp (NYSE: CGC)'s adjusted EBITDA loss skyrocketed from CA$22.5 million ($16.8 million) to CA$92 million ($69.1 million) year-over-year, the Canadian cannabis company said in its first-quarter report Wednesday. Canopy's first-quarter net loss rose from CA$90.9 million a year...

CBD oil maker cbdMD Inc (NYSE: YCBD) reported third-quarter net sales of more than $8 million on Wednesday — a 42% quarter-over-quarter increase. The company lost $8.26 million in the quarter and attributed $2.1 million of that loss to a non-cash impairment charge of intangible assets tied to...

Charlotte’s Web Holdings, Inc. (OTC: CWBHF) reported 45% year-over-year second-quarter revenue growth Wednesday. Gross margins for the quarter were 75.3%, with $18.8 million in gross profits. The whole-plant CBD brand named several business highlights in the report, including Charlotte...

Growing a cannabis company takes capital – a lot of it. That's why we've been sharing some insights into what capital sources look for when providing financing to cannabis companies. In this two-part series, Andrew Lines, MAI, and a valuation partner at CohnReznick, talks with Paul...

  Q: For anyone who missed last week's webinar, "Are Your Numbers In Order? Preparing Your Cannabis Business for Turbulent Times Ahead", can you summarize what was shared? A: Though we have seen considerable growth and increased legitimacy in the legal cannabis industry, many...

By J.J. McCoy, Senior Managing Editor, New Frontier Data For the first time in five years of Colorado's coexisting, legalized adult-use and medical cannabis markets, recreational sales more than doubled medical sales in 2018, according to state regulators' figures. Colorado rolled out its...

In a week with relatively few cannabis news items, Florida state Rep. Shevrin Jones filed a bill to decriminalize the possession and delivery of cannabis; the Mexican government announced a public hearing to discuss the legalization and regulation of cannabis; Josh Kushner’s Thrive Capital...

Tilray, Inc. (NASDAQ: TLRY) said Thursday that it has received approval from the United State government to import CBD and has successfully brought in a shipment to support two New York University School of Medicine clinical trials.  The trials aim to test CBD as a treatment for...