Day: April 12, 2022

Michigan-Based Developer Abandons Farming Plan as Investors Recoil Over Strategy

Michigan-based Heartland Corporate Holdings LLC (“Heartland Industries”) has canceled plans to grow 5,500 acres of fiber hemp this year after potential investors backed out, citing reservations over the company’s strategy. Heartland confirmed that it failed to make payments April 1 under farm lease contracts with 20 Michigan growers, the result of investor reluctance over the …

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Canadian Unpaid Marijuana Regulatory Fees Spikes Tenfold to CA$1 Million

Outstanding regulatory fees owed by federally regulated Canadian marijuana companies jumped more than tenfold in recent years, according to figures shared with MJBizDaily by Health Canada. Industry officials suggest the amount of unpaid fees could be a symptom of squeezed producers being weighed down in an ultracompetitive market and having to choose which bills to pay on …

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