With John Wiggins’ two sons interested in farming and seeing an opportunity to diversify from his tobacco and row crops, hemp looked like a sure bet to add onto their south Graves County operation. “It fit our niche,” Wiggins said. So last season they decided to grow 128 acres of hemp and joined up with processor GenCanna as a contract farmer.
During a presentation Thursday for the International Narcotics Control Board’s (INCB) 2019 annual report, President Cornelis P. de Joncheere discussed the developments taking place with regard to cannabis and synthetic drugs.
Today, we are very pleased that the FDA listened — and are grateful that Commissioner Hahn and the FDA continue to share our industry’s commitment to help farmers farm this versatile crop and provide global access to reliable and compliant food grade hemp-derived products.
ROCKINGHAM COUNTY, Va. — As the hemp industry grows in popularity around the country, the USDA has introduced two programs to help protect hemp producers’ crops from natural disasters. The first insurance program through Multi-Peril Crop Insurance (MPCI) provides coverage against loss of yield because of insurable causes of loss for hemp grown for fiber, grain or Cannabidiol […]
BONITA SPRINGS, Fla. — The Food and Drug Administration’s uncertainty over how to regulate hemp, including warning letters to companies for selling products illegally, has diminished the interest of big companies in hemp food products and “frozen” processors’ access to capital, the president of GenCanna, a Kentucky hemp processor that filed for bankruptcy last week, […]
SECURES $10 MILLION IN DIP FINANCING FROM EXISTING SENIOR LENDER AND WILL EVALUATE ALL STRATEGIC OPTIONS TO MAXIMIZE VALUE WINCHESTER, KY. – Feb. 6, 2020 – GenCanna Global USA, Inc. (“GenCanna” or the “Company”) announced today it has filed a petition for voluntary Chapter 11 reorganization with the U.S. Bankruptcy Court in the Eastern District of Kentucky (the “Court”). The filing […]
Roughly one month after the United States Department of Agriculture (USDA) released the Interim Final Rule for Hemp Production, federal banking regulators have articulated that banking and financial services are both legal and cleared for the nation’s hemp farmers, processors, and ancillary businesses — the entire hemp value chain. On December 3rd, four federal banking regulatory agencies — […]
By now, most of our followers have learned that on the evening of November 7th there was a fire in the refinement branch of our production facility at the Hemp Research Campus in Winchester, Kentucky. Our employees followed our emergency protocols and everyone safely exited the premises. We’re grateful to the first responders of Clark County […]
At GenCanna, we live our values every day as a true triple-bottom-line company. Our goal from the outset has been to support, educate and enable American family farmers to grow hemp, while creating real economic impact in rural agricultural communities in the process. This season, the GenCanna Certified Farming Network spanned 60+ family farming partners with 30 […]
When the 2018 Farm Bill (PL-115-334) was signed into law last December, we took a moment to celebrate. We quickly got back to work, because when you’re truly building something, you know that change comes incrementally. It’s been a long five years and we’re proud to have helped achieve this. Today the United States Department […]