Cannabis News

Recent industry report about Cannabis company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Cannabis Market industry experts.

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Cannabis News

  • May 2023: Toast and Nirvana Group formed a partnership to introduce innovative products for patients and consumers in Oklahoma and New Mexico.
  • April 2023: Hello Juice and Smoothie, a local U.S. shop, teamed up with Beleaf Co. to introduce CBD-infused juice shots.
  • May 2022: Canopy Growth, a leading global cannabis company, unveiled two new flavors—orange and grape—for its cannabis-infused carbonated drinks
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  • May 2023: Toast and Nirvana Group formed a partnership to introduce innovative products for patients and consumers in Oklahoma and New Mexico.
  • April 2023: Hello Juice and Smoothie, a local U.S. shop, teamed up with Beleaf Co. to introduce CBD-infused juice shots.
  • May 2022: Canopy Growth, a leading global cannabis company, unveiled two new flavors—orange and grape—for its cannabis-infused carbonated drinks
  • November 2022: Dabur India Limited launched Dabur Vedic Tea, a premium black tea that contains 30+ ayurvedic herbs that provide health benefits and boosts immunity. The product contains herbs like Tulsi, Ginger, Cardamom, and others.
  • November 2022: Tata Consumer Products expanded its green tea portfolio with the launch of Tetley Green Tea with tulsi flavor. Green tea improves immunity and is rich in vitamin C.
  • July 2022: CVC Capital Partners Fund VIII completed the purchase of Ekaterra, the tea business owned by Unilever. A cash-free, debt-free sale of Ekaterra was agreed upon between Unilever and CVC in November 2021 for EUR 4.5 billion (USD 4.83 billion).
  • August 2022: The Eastern Africa Grain Council (EAGC) has confirmed that the quality of maize in Uganda has improved by bringing farmers, traders, and processors together to fight against the prevalence of aflatoxin, which can be attributed to increased training of farmers, traders and processors on post-harvest management and storage practices by the government and private sector players.
  • December 2020: The Eastern Africa Grain Council, in partnership with CDKN, has launched Climate Information for Grains (Ci4G) tool, an online platform that is designed to help farmers and others in the grain sector to plan short-term activities and build resilience to variable weather in the medium term.
  • April 2022: The Tanzanian government with Tanzania Agriculture Research Institute (TARI), planned to produce 20 million improved avocado seedlings to be sold at a subsidized price.
  • March 2022: The collaboration between World Vegetable Centre and Tanzania Agriculture Research Institute (TARI) to increase mungbean productivity has finally become fruitful and have launched a new mungbean verity.
  • January 2022: A new market has opened up for the Tanzanian fruit sector. The Indian Ministry of Agriculture has granted Tanzania's avocado to enter the market.

October 2022: Bevzilla brand launched an exotic & exciting flavor of coffee powder called Turkish Hazelnut on International Coffee Day. This new hazelnut flavor is a real treat for all coffee lovers.

July 2022: Britannia Good Day, India's largest cookie brand, launched the all-new Good Day Harmony pack, which contains four different types of nuts, including hazelnut, cashew, pista, and almond, in every cookie.

June 2022: Tiggle, a D2C hot chocolate brand, expanded its product portfolio and launched the Cleanest Hazelnut flavor of Hot Chocolate. The new hazelnut flavor elevates the hot chocolate drinking experience for the customers.

  • November 2022: To promote the cooperation between China and the Netherlands in the flower industry, the Consulate General of the Kingdom of the Netherlands in Chongqing and the Yunnan Provincial Flower Technology Promotion and Training Center jointly held the China-Netherlands Plant Variety Protection Workshop.
  • May 2022: Royal FloraHolland, a Dutch cooperative, deployed the Blue Yonder technology to transform warehouse and digital fulfillment capabilities. The global flower auction cooperative is implementing Blue Yonder's warehouse management solution to build a floriculture supply chain infrastructure for growers and buyers, increase end-to-end visibility from the greenhouse to the buyer, and transition from an auction-based logistics system to fulfillment and order picking logistics, according to a press release.
  • November 2021: Horizon Flowers NZ, a producer, processor, and exporter of flowers in the Netherlands, acquired a freehold interest in 41.5 hectares adjoining its current bulb processing facility for a USD 1.6 million investment in the Southland tulip business. The investment is likely to increase its exports to North America and Europe and enhance its processing facility's viability by securing the land to supply the bulbs.
  • April 2022: The retailers, supermarkets, and licensees of Sekoya blueberries were able to experience and taste Sekoya Pop ('FCM14-052') and Sekoya Beauty ('FCM12-097') blueberry varieties at the company's Field & Forum event in Spain. At this event, the research and development facilities of Fall Creek Farm & Nursery in Seville (Andalucía, Spain) concluded that the two Sekoya varieties were the most demanding varieties among consumers.
  • January 2022: Berries South Africa, the industry association for South African blueberries, raspberries, and blackberries (Berries ZA), conducted a B2B promotional campaign on blueberries, targeting the key industry players in Germany ahead of Fruit Logistica.
  • October 2021: The Chilean fruit business Hortifrut announced its acquisition of blueberry producer Atlantic Blue for EUR 241 million (approximately USD 280 million). This acquisition will allow Hortifrut to expand its growing area by 20% by adding roughly 850 hectares across Spain, Morocco, and Peru.

In March 2022, prices of rice exported from Vietnam rose as trade routes to China reopened, with some traders betting on additional demand from buyers looking for alternate sources due to the Russia-Ukraine crisis.

In January 2022, the Tamil Nadu Agricultural University (TNAU) released a new rice variety called 'TRY 5' in India. This is an early-duration variety suited for salt-affected soil.

In October 2021, Organic India, one of India's leading organic food companies, launched new products to its organic portfolio, including organic basmati rice, red rice, black rice, etc.

  • May 2022: The Center for Rural Economy Development (CRED), through the BioTrade project supported by the Swiss State Secretariat for Economic Affairs (SECO), took an initiative in Yen Bai province on 'Sustainable Cinnamon Development', to update the market demands and trends for international sustainable certifications, and to discuss the orientations for sustainable cinnamon development in the long term.
  • February 2022: The European Union officially granted the protected geographical indication certificate to Sri Lanka's Ceylon cinnamon. This GI helps in collective right over the product and increases market differentiation.
  • September 2021: Himachal Pradesh became the first state in India to begin the organic cultivation of a true variety of cinnamon with the help of the CSIR's- Insitute of Himalayan Bioresource Technology (IHBT).
  • January 2022: Daiya, a dairy-free cheese brand, launched its latest cream cheese flavor, Roasted Garlic & Herbs, made with real pieces of roasted garlic, herbs, and decadent coconut cream. It was the latest addition to its reformulated plant-based cream cheese line.
  • January 2022: Five new garlic processing units bought land in the Ratlam district of India to set up manufacturing facilities for garlic powder, paste, and peeling units.
  • January 2020: Spanish ingredients supplier Pharmactive Biotech Products launched an aged black garlic extract designed for functional food applications. It was launched under the brand name ABG 10+.

Cannabis Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)