Biomass
$1.70
+6%
Broad Spectrum Distillate
$3,000.00
+3%
CBD Isolate
$1,100.00
+0%
CBG Isolate
$6,000.00
-7%
Water Soluble CBD Isolate
$2,300.00
+5%
Water Soluble CBD Broad Spectrum
$2,800.00
+2%
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27. May 2021
CBD Market Watch News North America

Industry Briefing – Prima Looking to Accelerate Stellar Track Record

Industry Briefing

Our industry briefing brings together highlights from the global CBD, cannabis and hemp industries. In this week’s briefing we include financial results from cannabinoid pharmaceutical specialist MediPharm; news of Prima’s recent $9.2 million fund raise; and, how research is needed to help solve hemp seed THC problems.

For daily updates visit our dedicated news site cannyxnews.com.


Prima Looking to Accelerate Stellar Track Record Following $9.2 Million Fund Raise

Prima Looking to Accelerate Stellar Track Record Following $9.2 Million Fund Raise - Source Prima via PR Newswire

Image | Source Prima via PR Newswire

Prima, the award-winning plant therapeutics and cannabinoids brand, looks set to solidify its position as a U.S. market-leader following its $9.2 million seed plus financing led by leading institutional venture firms GreycroftH Ventures, Defy, and Lerer Hippeau.

The landmark funding from top-tier, values-aligned capital partners will support sustainable growth and power upcoming retail expansion, remedy-focused clinical research, portfolio refinements and education initiatives along its path to profitability.

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Research Needed to Help Solve Hemp Seed THC Problem

Research Needed to Help Solve Hemp Seed THC Problem

Image | Unsplash.com

Hemp seed breeders must collaborate with academic-run, varietal trials to tackle hemp’s total THC problem and move the industry forward, according to Matt Haddad, CEO of Trilogene Seeds, an award-winning hemp seed breeder.

Ninety-five percent of all the hemp grown last year was marijuana. It went hot,” Haddad says. “We need to bring more academic analysis to these hemp varietals, especially with the 0.3 total THC iron fist coming down.”

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MediPharm Sees Revenue Fall in Q1 2021 but Outlook Remains Positive

MediPharm Sees Revenue Fall in Q1 2021 but Outlook Remains Positive

Image | Google.com

Specialist cannabis pharmaceutical manufacturer MediPharm has reported a 9% drop in revenue from the previous quarter to $5.5 million for Q1 2021, in a period that saw a reduction in Canadian domestic revenue. Despite this the company maintains a positive outlook through a stronger mix of international revenue and growth opportunities.

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Bast Fibre Technologies Raises $7M for Hemp Fibre Innovations

Bast Fibre Technologies Raises $7M for Hemp Fibre Innovations

Bast Fibre Technology Inc. Logo

Cleantech hemp fibre engineering company, Bast Fibre Technologies has raised CAD$8.5 million (US$7 million) series A equity financing, in a round led by US-based private equity firm Merida Capital Holdings. The Company will now enter its next phase of growth focused on the full-scale manufacturing and commercialization of natural bast fibres for nonwoven products.

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New Study will Look at the Effects of CBD on Driving

New Study will Look at the Effects of CBD on Driving - Source Unsplash

Image | Unsplash.com

As CBD use becomes mainstream, understanding the impact of the compound on other aspects of life is becoming increasingly important. Researchers at the West Virginia University School of Public Health have recently begun recruiting participants for a new study that will look at whether CBD oil impairs driving ability…

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