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Batch of popular CBD oil recalled due to unsafe levels of psychoactive compound
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Here are 7 of the best CBD oils in the UK: 2022 buyer s guide
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Best 7 CBD Oils in the UK: 2022 Buyer s Guide - Manchester Evening News
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Hemp cultivation and processing brand
HempFlax posted its full-year 2020 earnings report on Tuesday, with revenues of €14.5 million ($17.4 million), up 43% from 2019 s $10.1 million.
EBITDA increased 63% from 2019, totaling €1.8 million, marking the company s second profitable year. EBITDA margins increased to 12.7% from the previous year s 11.1%.
The company is touted as Europe s largest independent grower and processor of industrial hemp.
Other notable highlights from the period include:
616% increase in profit before tax up, totaling €659,000 for 2020
Revenue increases across the company s product line, including CBD, hemp-based plastic replacement, construction materials, animal wellness, agriculture and genetics and farming
1,089% gain in sales of construction materials stemming from the May 2020 acquisition of German natural fiber insulation manufacturer Thermo Natur