CBD

Cannabis

Colorado CBD Producer Let Lose of His Assets, Setup His Factory for Sale: Which Never Went Operational

Colorado-based CBD maker Folium Biosciences has put its CBD extraction and purification facility up for sale before it was ever used. The property listing, by Hilco Commercial Industrial, LLC, a Chicago real estate company, said the covid-19 pandemic caused Folium to cancel the facility’s opening, and indicates the company is facing business challenges. Folium is …

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Outlawing of CBD wills Bring Harsh Sentence In

Hong Kong will criminalize CBD early next year, categorizing the compound as a dangerous drug. Under changes to Hong Kong’s drug control laws expected to take effect Feb. 1, 2022, CBD will be treated the same as heroin, cocaine and methamphetamine among some 200 substances classified as “dangerous drugs.” Stakeholders say the changes will wipe …

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Two CBD Cultivars Urbanized In U.S Approved for European Plant Collection

Two new CBD hemp cultivars developed in the United States have been accepted for inclusion in the EU Common Catalogue of Plant Varieties and are being marketed by a Bulgarian company. CBD Seed Europe said €500,000 was invested in developing the varieties, called “Midwest” and “Northwest.” The company claims CBD levels in the cultivars can reach around …

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CBD Company Remits to Pay out Eastwood $2 Million

A California-based CBD company was ordered by a judge to pay actor Clint Eastwood $2,029,245.07 on August 2, 2022 according to a report by Law360. The company Garrapata, LLC  filed a Complaint against Norok Innovation, Inc. and Eric Popowicz and others alleging trademark infringement. Garrapata holds all trademarks related to Mr. Eastwood and Mr. Eastwood’s name …

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Cantor Descends Flower & Fire, Auxly Cannabis

Cantor Fitzgerald analyst Pablo Zuanic downgraded Fire & Flower (OTC: FFLWF) and Auxly Cannabis Group to Neutral from Overweight and cut his price targets for both. Challenges within the Canadian cannabis market were cited as the overarching reason. Canadian Problems Zuanic noted that the market seems to have hit a saturation point. He wrote in his …

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