Hemp company investing $3M in Virginia processing facility. Ralph Northam said a hemp company is investing more than $3 million to build the state’s first large-scale processing facility for extracting CBD oil. Generic drugs giant Perrigo enters CBD market with $50 million investment in Colorado extractor. A global health and wellness solutions provider is expanding into the CBD market through a new partnership with CBD manufacturer Kazmira LLC, based in Watkins, Colorado. First Big Tobacco company to enter hemp market files for bankruptcy.
Pyxus International, the first Big Tobacco company to join the hemp and marijuana industries, has filed for bankruptcy protection. Hemp activists set sights globally in new push for collaboration. Published June 17, 2020 | By Hemp Industry Daily staff. Hemp entrepreneurs currently bound by state and national rules are setting their sights higher. Europe’s dominant hemp industry association unveiled plans this week to form an international hemp association that could advocate for the industry before global authorities such as the World Health Organization and United Nations. The head of the European Industrial Hemp Association […] Fund manager offers tips on hemp investing opportunities and challenges. The clock is ticking to register for a free virtual briefing with MJBizDaily Investor Intelligence on “Opportunities and Challenges in Hemp Investing,” scheduled for 1 p.m. Georgia industrial hemp producer receives $2 million investment.
Investment firm Advantage Capital is providing $2 million to GAXtracts, a Georgia-based industrial hemp company, to use for working capital and buying new equipment. As Montana launches hemp checkoff program, industry considers best approach. Montana has become the first state to establish a checkoff program for hemp producers, giving the industry there a path to raise money for research, education and marketing efforts like the famed “Got Milk?” campaign. Former NBA star Isiah Thomas appointed CEO of CBD firm that cultivates in Colombia. NBA Hall of Famer Isiah Thomas has been named CEO of One World Pharma Inc., a U.S.-based company that grows hemp and marijuana in Colombia. GenCanna Global appoints new leadership as processor emerges from bankruptcy. Kentucky hemp processor and CBD product manufacturer GenCanna Global has named veteran executive Andrew Barnett as its new CEO. Canadian bast fiber company raises $3.3M from angel investors. A Canadian company that makes natural nonwoven fibers says it has raised $3.3 million, mostly from angel investors, to help finish developing a proprietary processing plant in Europe. Victoria, British Columbia-based Bast Fibre Technologies made the announcement this week, saying the investors are buying common shares and will get an equity stake in the company. […] Economic recovery money still available for hemp farms and businesses, despite USDA shun. As economic recovery begins, storefronts are re-opening and farms are commencing with planting season, hemp and CBD and businesses continue to seek out loans and disaster relief money. Canada’s NewLeaf Brands changing name to reflect focus on mushrooms. is changing its name to Mydecine Innovations Group Inc. to reflect its focus on developing strains of psychedelic mushrooms. Hemp business loans provide financing for equipment, real estate, and working capital needed to facilitate operations. Some businesses require a combination of these loans types to cover expenses linked to acquiring raw land, constructing and maintaining facilities, cash-outs, and refinancing. The largest loan amounts tend to be granted for commercial real estate purchases. Global excitement about the cannabis industry has business booming in every sector. There is an ever-increasing demand for products made from hemp seeds and stalks. Resultantly, funding sources for hemp business loans are financing more ventures than ever. The Motley Fool reports these key projections for the global industrial hemp industry: Global retail sales of hemp totaled $3.7 billion in 2018 Global retail sales of hemp are expected to top $5.7 billion by 2020 US retail sales of hemp in 2018 was $1 billion US hemp retail sales are expected to top $2.6 billion by 2022 With numbers like those, itвЂ™s easy to understand why so many people are trying to get hemp business loans. Companies that finance hemp businesses typically want to lend at least $1 million for raw land deals, and a minimum of $200,000 for equipment deals.
Since the US Farm Bill passed in December 2018, there are a lot of new farmers interested in capitalizing in this lucrative business realm. ThereвЂ™s no doubt that there are huge profits to be earned by companies that position themselves well in the budding industrial hemp industry. At the very least, it takes an excellent credit score and a polished business plan to get a hemp business loan or any other type of weed loan. Competition for this type of funding is getting tougher every day, and cannabis lenders are becoming more selective about the applicants they cater to. West Virginia Health Right Free & Charitable Clinic. West Virginia Health Right Free & Charitable Clinic Contact Information: 1520 Washington Street East Charleston, WV - 25311. West Virginia Health Right Free & Charitable Dental services may include: Medications for Infections and Pain Screening Exams and X-Rays Extractions and Fillings Cleanings. WV Health Right's dental clinic does not offer cosmetic dentistry. To find out more about dental care, call dental clinic coordinator at 304-414-5915.
Free Medical Clinic Planned for October in West Virginia. A free medical clinic for West Virginians in need is set for next month. 20 and 21 at the Bible Center School in Charleston. It is being hosted by Charleston-based West Virginia Health Right, which provides free medical, dental and vision health services. Remote Area Medical, a nonprofit group based in Rockford, Tennessee, will run the clinic.