Iowa and New Hampshire are both taking steps to regulate cannabidiol (CBD) products, drawing comment and reaction from industry associations. The New Hampshire House of Representatives has proposed House Bill 272, a bill which would: Allow the sale of products containing hemp-derived CBD Require products containing CBD to be registered...
New York, NY—Hippeas has raised $50 million from The Craftory Limited, according to a press release. The financing consisted of direct investment and secondary purchases of shares from existing Hippeas shareholders, including CAVU Venture Partners. Elio Leoni Sceti, Co-Founder & Chief Crafter at The Craftory, stated in the press release:...
Virtual—Michael Lelah, Ph.D., Chief Science Officer at NutriScience Innovations, presented a session at the Naturally Informed event Mental Wellness: Mastering the Market titled New Ashwagandha Research for Stress, Sleep & Immune Health. The session provided an in-depth explanation of ashwagandha’s bioactive components and the way it affects sleep and stress,...
The Nature’s Bounty Co. is now The Bountiful Company, according to a press release. The Bountiful Company owns brands including Nature’s Bounty, Solgar, Pure Protein, Osteo Bi-Flex, Puritan’s Pride, Sundown, Body Fortress, Ester-C, and Dr.Organic. “This is an important time and inflection point for our organization. After three years, the time is right to evolve our corporate...
Boulder, CO—Celestial Seasonings has expanded its product lines, updated packaging and released a new advertising campaign. "COVID-19 has created long-term behavioral changes that will outlast the pandemic, and tea consumption is a big one," said Mark L. Schiller, President and CEO of Hain Celestial Group in a press release. "Today,...
St. Louis, MO—Hungry Planet Inc. has announced a partnership with Post Holdings. The plant-based meat manufacturer will work with Post's Foodservice and Retail units to expand the distribution of its product lineup to address an increase in demand. Highlighting sustainability in its line of multi-range plant-based meats, Hungry Planet works...
City of Industry, CA—Innovation is the core of successful new products, and AIDP will be helping to educate on opportunities at the Innovation Conference on New Formulations with Magtein, Vitamin K2 MK-7 and Vitamin D3. At this free event, which is taking place virtually on February 11, 2021 from 9:00...
Following a Biden administration memo to all federal agencies directing them to withdraw pending rules, the Federal Drug Administration (FDA) has withdrawn its "Cannabidiol Enforcement Policy; Draft Guidance for Industry." The Guidance was at the Office of Management and Budget (OMB) awaiting review. The memo explained that the action is...
Chicago, IL—ADM has reported its fourth quarter results, and has affirmed its earnings growth expectation for 2021. “I want to thank our team, which performed exceptionally well during truly unprecedented times to deliver four straight quarters of year-over-year adjusted segment operating profit growth in 2020, along with solid returns and...
Yokneam Illit, Israel—Food-tech company NextFerm Technologies Ltd. announced the completion of its initial public offering (IPO) on the Tel Aviv Stock Exchange, raising NIS 30 million at a company valuation of NIS 115 million. Founded by two former senior executives of Enzymotec, Boaz Noy (CEO) and Dr. Tzafra Cohen (Sr.
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