Acquisition significantly increases GenCanna’s expanding bulk ingredient and finished goods operations in the United Kingdom and key European and global markets WINCHESTER, KENTUCKY — September 1, 2021— GenCanna (gencanna.com), an industry founding producer of premium full-spectrum and broad-spectrum CBD and other quality cannabinoids for bulk supply and finished goods formulation, announced today that it has acquired CBD Capital Ltd (cbd-capital.com), the leading provider of CBD distillate, isolate, and water-soluble bulk ingredients as well as white and private label services to the United Kingdom, the European Union and markets worldwide. CBD Capital CEO, Hassan Akhtar, will continue to serve in his current role. The acquisition of CBD Capital enables GenCanna to broaden its bulk CBD product offering and distribution capabilities to its overseas customers, as well as expand its formulation capabilities and business-to-business operations through CBD Capital’s network of valued partners. CBD [...]
The Association for the Cannabinoid Industry (ACI) is the UK’s membership organization for businesses committed to nurturing a safe, legal and flourishing commercial cannabis extract market. “Novel foods” are defined as foods that have limited consumption history in the UK prior to May 1997. These foods do not have an established safety profile and therefore must be evaluated on toxicological, chemical, microbiological and stability parameters, prior to market approval and sale to the general public.
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.
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.