Colorado CBD manufacturer raises $65M to buy ‘mountains of hemp’

Hemp Industry Daily
By Kristen NicholsApr 15, 2019, 6:25 pm188 pts
Loveland, Colorado-based Mile High Labs – a manufacturer of CBD crude oil, distillate and isolate – is borrowing $65 million to buy “millions of pounds” of pelletized hemp for CBD extraction. The company closed on the debt facility with investment firm MGG Capital. The term loan comes less than six…

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