- In October 2024, Canopy Growth Corporation, through its U.S. subsidiary Canopy USA, completed the acquisition of Wana, encompassing Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. This strategic move grants Canopy USA 100% ownership of Wana’s equity interests, reinforcing its ambition to build a brand-driven cannabis company focused on state-legal markets and hemp-derived products across the U.S. The acquisition complements Canopy’s portfolio alongside Jetty and supports expansion into edibles and infused beverages, positioning the company for growth and category leadership in the American cannabis industry
- In June 2024, Curaleaf Holdings, Inc. launched new hemp-derived THC product lines under its Select and Zero Proof brands, expanding its footprint in the rapidly growing hemp market. These offerings include edibles and seltzer-based beverages, all manufactured in certified cGMP facilities and designed to meet high standards for safety and quality. Available in 25 states and the District of Columbia, the products are distributed via Curaleaf’s direct-to-consumer platform and national retail partnerships, including DoorDash. This strategic move reinforces Curaleaf’s commitment to accessible, Farm Bill-compliant cannabis alternatives
- In May 2024, Manitoba Harvest, a Canadian leader in hemp-based nutrition, launched its Bioactive Fiber Supplement featuring Brightseed’s upcycled hemp hulls. This innovative product harnesses the nutritional power of hemp fiber to support gut health, digestion, and regularity, while promoting sustainability through the use of repurposed plant materials. Powered by Brightseed® Bio Gut Fiber, the supplement contains unique bioactives shown to strengthen the gut lining and improve metabolic wellness. The launch reflects Manitoba Harvest’s commitment to functional wellness and eco-conscious innovation in the food supplement industry
- In March 2024, researchers at Rensselaer Polytechnic Institute (RPI) received a $1.5 million grant from the U.S. Department of Energy to develop hemp-based insulated siding for residential retrofits. The project aims to create Hemp Retrofit Structural Insulated Panels (HeRS)—durable, low-carbon siding systems that reduce HVAC energy use by 15–25%. Made from hemp wool fibers and recycled binders, HeRS panels offer a sustainable alternative to conventional materials, promoting energy efficiency and circular economy practices. This initiative supports the broader goal of decarbonizing the built environment while stimulating the U.S. hemp industry
- In April 2023, Panda Biotech formed a strategic partnership with the Southern Ute Growth Fund, specifically its subsidiary Aka-Ag, LLC, to advance sustainable hemp production across the U.S. This equity collaboration supports the development of the Panda High Plains Hemp Gin™ (PHPHG) in Wichita Falls, Texas—set to become the largest hemp decortication facility in the country. The alliance emphasizes environmentally responsible farming, leveraging hemp’s low resource requirements and carbon sequestration potential. Together, the partners aim to promote eco-conscious textile innovation and expand domestic hemp infrastructure
