Canopy Growth acquires hemp company AgriNextUSA in a move to boost U.S. business

  • 📰 CP24
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Canopy Growth Corp. has acquired AgriNextUSA, in a move to boost its hemp business in the United States.

Canopy says AgriNextUSA chief executive Geoff Whaling will join Canopy Growth USA as a strategic adviser. It says Whaling is considered a hemp pioneer and a leading advocate for the sector in the United States.

Earlier this year, Canopy was granted a licence by the state of New York to process and produce hemp, a member of the cannabis plant family. The Ontario-based company has announced plans to invest between US$100 million and US$150 million at its proposed New York hemp operations. The U.S. legalized the cultivation of hemp late last year as a source of cannabidiol , one of the compounds also found in cannabis.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Andrew Coyne: This budget is a testament to the pleasures of endless growth. Forget productivity, tax cuts or investmentIn the rush to get all that spending out the door, little thought appears to have been given to whether the money is being spent in the best way RobBreakenridge Endless growth 😂
Source: nationalpost - 🏆 10. / 80 Read more »

Andrew Coyne: The federal budget is a testament to the pleasures of endless growth. Forget productivity, tax cuts or investmentIn the rush to get all that spending out the door, little thought appears to have been given to whether the money is being spent in the best way Bribing the useful idiots and hoping intelligent Canadians just hold their nose I think they realize they probably be around after this election and it will be either the NDP or Conservatives that have to deal with any fallout Endless growth of what debt?
Source: nationalpost - 🏆 10. / 80 Read more »