Embattled Love Hemp dragged out of weeds by ‘special purpose’ CBD investor for undisclosed sum CBD Embattled CBD brand Love Hemp has been rescued from collapse, weeks after the cannabis firm was forced to draft in administrators amid plummeting sales. The group, which has been promoted by boxer Anthony Joshua, was acquired for an undisclosed price by Portillion SPV1 Limited. The group has been recently founded by Kamran Sattar, the chief [...]
London not ‘hottest’ cannabis market in Europe but hope lies in CBD budding industry The UK government should capitalise on its efforts in medical cannabis research if it wants to keep up with the budding market growing across Europe. The country currently has the second-largest cannabis market in Europe, behind only France, and worth around $150m (£125m), according to a white paper by investment bank Bryan Garnier today. The estimated value is far [...]
Cannabis products including oil, chocolate balls and gummies soon to be sold at Tesco other news this weekend Medicinal cannabis products including oil drops, chocolate balls and gummies will soon be stocked at Tesco after Love Hemp agreed a deal with the supermarket giant. Six of the brand’s products will be rolled out across more than 200 Tesco stores in the UK and online, it said today. London-listed Love Hemp uses CBD, derived [...]
UK’s cannabis industry could be worth more than £1bn by 2026, says new analysis June 21, 2022 The UK’s cannabis industry could be worth more than £1bn by 2026, according to new analysis, as countries across Europe begin to cash in on the blossoming industry. The research, by Prohibition Partners, comes as the country readies to host the Web Summit for cannabis next week, which will see industry leaders urge the government [...]
Khannabis high: Mayor praised for starting ‘national conversation’ about cannabis May 12, 2022 There aren’t many things that London mayor and the Adam Smith Institute see eye to eye on, but the legalisation of cannabis may just be one of them. Following his trip to a Los Angeles cannabis farm, Sadiq Khan announced that he would be setting up the London Drugs Commission, which looks at decriminalising the [...]
Guernsey issues first cannabis growing license to 4C Labs November 29, 2021 Guernsey has issued its first license giving business 4C LABS the green light to grow cannabis and build a state of the art cultivation site.
Peers back medical cannabis company Equinox ahead of London float November 26, 2021 Two peers will help a medical cannabis company cash in during its upcoming London float. Yesterday Equinox announce plans to list on AIM.
Pharma C Investments values CBD trade show Product Earth at £3.68m November 7, 2021 Pharma C Investments, an early-stage investor and venture builder in the medical cannabis space, invests £275,000 into Product Earth, valuing it at at £3.68m.
Green and pleasant land? The future of cannabis use in the UK July 29, 2021 Smoking as a social activity suffered a heavy blow around 15 years ago. Between 2006 and 2007, the four parts of the United Kingdom brought in new laws prohibiting smoking in public places, with Scotland being the first to take the leap. I bear a sliver of responsibility: I worked for the House of Commons [...]
LSE-listed Kanabo to buy distributor and stoke European cannabis uptake July 26, 2021 Kanabo, the first medical cannabis company to list on London’s top market, is set to buy a distributing company as it plots expansion into Europe. The deal with Materia, a processor and distributor of medical cannabis and CBD products, will make Kanabo Europe’s largest public cannabis company. Kanabo’s board has been eyeing new partnerships to [...]