Toronto-based cannabis company Flora Growth Corp. says it has the United States, Germany and Mexico in mind as its closes a $30 million cash-and-stock acquisition of Miami-based JustCBD. The deal announced Monday includes $16 million in cash and an additional 9.5 million privately issued Flora common shares to the companies that own and operate JustCBD,
Florida Hemp Business & Legal News
CBD product manufacturer and franchiser SunFlora has been accused of deceptive trade practices by several business partners in Pennsylvania, according to a new lawsuit filed against the company in federal court. The suit, filed Friday by Joseph Gradwell, Christopher Miller, Greg Muiter and Melanie Vaughan, alleges that the Florida-based company tricked them in 2019 into
Hemp-derived CBD giant Charlotte’s Web Holdings is positioning itself to enter THC and marijuana markets. The Boulder, Colorado, company says it has signed a five-year, $8 million purchase agreement option with a marijuana company started by its founders, Stanley Brothers USA Holdings Inc. The deal allows Charlotte’s Web to take over the marijuana business after
A publicly traded California biotech company announced Tuesday that four of its hemp seed varieties have been aproved by the national variety board of the Association of Official Seed Certifying Agencies. Davis-based Arcadia Biosciences received eligibility for certified seed production for its GoodHemp brand varieties including Rogue, Umpqua, Santiam and Potomac. All four varieties are