$42M Merger Creates Hemp Juggernaut in Canada

A single company is about to dominate Canada’s thriving hemp-based foods industry.

Manitoba Harvest this week acquired Hemp Oil Canada for $42 million, which will give the combined company an edge in two industries: hemp foods and hemp ingredients, according to the Winnipeg Free Press.

Manitoba Harvest will generate an estimated $75 million in annual revenues after the acquisition.

Shaun Crew will remain at the helm of Hemp Oil Canada, which he co-founded. The firm just finished a new…

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