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Despite a pessimistic outlook for the state of the CBD market, the CEO of a leading brand said there’s plenty of opportunity for companies committed to doing things the right way.
Delic Holdings Appoints Dr. Eric Janusson As Lead Chemist
Complex Biotech Discovery Ventures Ltd., a licensed cannabis and psilocybin research laboratory, has appointed Dr. Eric Janusson as its lead chemist.
The news was released Wednesday by psychedelic wellness-focused company
Delic Holdings Inc. (CSE:DELC) (OTCQB:DELCF), which plans to acquire the laboratory.
Janusson, who specializes in real-time methods for the quantification and characterization of sensitive chemical intermediates, earned his Ph.D. in analytical chemistry at the University of Victoria in 2017.
Dr. Markus Roggen, Director of Delic Corp & Founder of CBDV, said he was excited to have Janusson on board. [Janusson] is instrumental to combine our analytical platforms with our machine learning capabilities, Roggen added.
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CBD Co. Strikes Back At Rival s Trademark Claims
Law360 (April 19, 2021, 8:28 PM EDT) A small CBD company targeted in a trademark infringement case over the name CBD MD has hit back with counterclaims accusing rival cbdMD Inc. of infringing trademarks and filing suit in an attempt to avoid an ongoing U.S. Patent and Trademark Office proceeding.
Majik Medicine LLC said in its own complaint Friday that CBD Industries LLC filed a cancellation proceeding with the Trademark Trial and Appeal Board solely to drive up Majik s legal fees. Majik alleged that CBD Industries did so at the direction its parent company, cbdMD, and cbdMD s co-CEO, Martin Sumichrast. A motion to stay filed by CBD Industries.
Tom Finke s
Adara Acquisition Corp. (ADRA), which made its debut on Tueday, was among the new blank-check companies.
While Finke s name might not be as familiar as recent SPAC entrants such as Colin Kaepernick or Shaquille O Neal, he is a financial force of his own having served as the CEOs of two asset managers and famously led the 2016 merger of Babson Capital, Barings Asset Management, and two other MassMutual Life subsidiaries to create Barings, a $345 billion money manager.
That s why when he entered SPAC land, investors took notice.
SPAC investor Julian Klymochko, who manages the Accelerate Arbitrage Fund (TSX: ARB), said his ETF subscribed to the ADRA IPO because he believes that Finke s background and experience in financial services make him a strong SPAC sponsor.