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GenCanna

Full company profile

uuid00031t3

Namestring
GenCanna
Legal namestring
GenLabs
Websiteurl
gencanna.com
Company typeenum
Private
Founded yearint
2011
Descriptiontext

GenCanna is a U.S.-headquartered contract manufacturer and white-label supplier of health, wellness, and beauty products, founded in 2011 and based in Winchester, Kentucky, with a staff of 51–100. Following the 2021 acquisitions of Taylor Mammon and London-based CBD Capital Ltd, the company repositioned under the GenLabs brand (genlabs.health) to operate as an international manufacturing and supply-chain partner with facilities in the USA, UK, and EU (Rotterdam), serving brands, retailers, CMOs, and wholesalers in the ingestible and topical supplement categories.

The company's core offering is a two-tier manufacturing platform: a ready-made white-label finished-goods catalog — including gummies, tinctures and oil drops, softgels, topicals, skincare, shilajit, and drink concentrates — designed for speed-to-market and lower minimum order quantities for emerging brands; and a custom formulation/new product development service for differentiated, need-state-targeted products. Underlying capabilities include bottling, supply chain management, and 3PL/direct-to-consumer fulfillment, marketed as an end-to-end brand-operations partner. The USA facility is cGMP-certified, FDA-registered, and supported by GRAS-tested ingredients and USDA Organic inputs, with UK and EU operations held to corresponding international quality regulations.

GenCanna generates revenue through contract manufacturing fees, white-label product sales, custom formulation project work, and logistics/fulfillment service charges. Its go-to-motion targets four customer archetypes — emerging brands, scaling brands, retailers, and wholesale/CMO partners — across North America and Europe. The 2018 MariMed-led $30M funding round and the 2021 European expansion (CBD Capital acquisition + Rotterdam facility) underpin the company's current international production footprint.

Short descriptiontext

GenCanna is a US-based contract manufacturer and white-label supplier of health, wellness, and beauty products, serving brands, retailers, CMOs, and wholesalers across facilities in the USA, UK, and EU.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersWinchester, United States
HQ citystring
Winchester
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
hemp-derived CBD, contract manufacturing, white-label supplements, custom formulation services, wellness product manufacturing
Industry2 codes
1Specialty & Functional Packaged Foods (Gluten-Free, Keto, Organic, Medical/Allergen-Friendly)
CodeCRADAAAIPrimaryYes
2Dermatology & Aesthetics Pharmaceuticals
CodeHLAIAAAKPrimaryNo
NAICS code2 codes
  • Medicinal and Botanical Manufacturing325411
  • Nonchocolate Confectionery Manufacturing311340
SIC code2 codes
  • Medicinal Chemicals & Botanical Products2833
  • Food And Kindred Products2000
Product category
Contract supplement manufacturing
Social media profiles1 record
Cost components6 values
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 record
1CBD Capital
Description

UK-based CBD ingredient supplier brand acquired by GenCanna in 2021

prnewswire.com
Core offering1 text field

GenCanna (operated as GenLabs) designs and manufactures health, wellness, and beauty products, including gummies, tinctures and oil drops, topicals, softgels, skincare, shilajit, and drink concentrates, for brand, retail, CMO, and wholesale customers. The company runs a white-label catalog for speed-to-market needs and offers custom formulation, bottling, supply-chain management, and 3PL fulfillment as integrated services. Production is delivered through cGMP and FDA-registered US facilities and parallel UK and EU sites meeting international quality regulations.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

GenCanna (operated as GenLabs) operates as a contract manufacturer and supply chain partner for health, wellness, and beauty products. The company offers a flexible manufacturing platform with two service models: a white-label catalog for speed-to-market needs (including Gummies, Tinctures & Oil Drops, Topicals, Softgels, Skincare, Shilajit, and Drink Concentrates) and custom formulation partnerships for differentiated products. These finished goods are supported by manufacturing capabilities including Bottling, Formulations/New Product Development, Supply Chain Management, and 3PL & Direct-to-Consumer Fulfillment. The company serves CMOs, wholesalers, brands, and retailers with facilities in the USA, UK, and EU, positioning itself as an international production partner for market entry across multiple regions.

Product and service12 records
1Gummies
CategoryFinished goods
Description

Chewable edible supplement format in the white-label catalog, available for emerging brands and scalable customers in the health and wellness categories.

2Tinctures & Oil Drops
CategoryFinished goods
Description

Liquid supplement format delivered via dropper, designed for sublingual absorption, available as a white-label finished good for brands and retailers.

3Topicals
CategoryFinished goods
Description

Topical cream and skincare products for external application, offered as a white-label finished good in the supplement and beauty categories.

4Softgels
CategoryFinished goods
Description

Encapsulated supplement format for precise dosing and extended shelf life, offered as a white-label finished good for health and wellness brands.

5Skincare
CategoryFinished goods
Description

Beauty and topical products for skin health and wellness, supplied as white-label finished goods to brands and retailers.

6Shilajit
CategoryFinished goods
Description

Natural mineral supplement product for wellness applications, supplied as a white-label finished good.

7Drink Concentrates
CategoryFinished goods
Description

Concentrated beverage products that blend flavor and function for health and wellness applications, produced for brand and retail customers.

8Formulations / New Product Development
CategoryManufacturing services
Description

Custom formulation and product development services that create unique blends, product profiles, and targeted need-state solutions for brand, retailer, CMO, and wholesale customers seeking differentiation.

9Bottling
CategoryManufacturing services
Description

Contract bottling services for liquid products including tinctures and beverages, provided to brand and retail customers.

10Supply Chain Management
CategorySupply chain services
Description

Outsourced supply chain management services that operate as the operational backbone for brand and retail partners across US, UK, and EU markets.

113PL & Direct-to-Consumer Fulfillment
CategoryLogistics services
Description

Third-party logistics and direct-to-consumer fulfillment services for consumer brands, supporting end-customer order delivery.

12White Label Catalog
CategoryWhite-label services
Description

Speed-to-market product catalog available to customers seeking rapid product sell-through and profit, with lower MOQs for emerging brands across gummies, tinctures, topicals, softgels, skincare, shilajit, and drink concentrates.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Nutraceutical contract manufacturer offering custom and private-label supplement manufacturing in softgels, capsules, powders and gummies. Directly comparable to GenLabs in CMO services, dosage formats, and brand-customer target market.

TypeDirect peer
Description

Full-service supplement and vitamin contract manufacturer (gummies, capsules, softgels, liquid tinctures) with white-label and custom formulation. Closely comparable to GenLabs on product formats, white-label offering, and CMO go-to-market.

TypeDirect peer
Description

Established nutraceutical CMO producing tablets, capsules, softgels, powders and liquid supplements under cGMP. Comparable to GenLabs in scale, certifications, and multi-format contract manufacturing for brand customers.

TypeDirect peer
Description

Nutraceutical contract manufacturer offering tablets, capsules, softgels, powders and liquid supplements to brand customers. Comparable CMO platform serving similar emerging and scaling wellness brands.

TypeBroad incumbent
Description

Vertically integrated hemp-derived CBD wellness brand with proprietary extraction and finished products (tinctures, gummies, topicals, softgels). Comparable product formats and CBD/wellness positioning, though it owns brands rather than operating as a CMO.

TypeBroad incumbent
Description

Public CBD wellness company producing tinctures, gummies, topicals and softgels under its own brands. Comparable finished-product formats and CBD/wellness category exposure, but operates owned brands rather than a white-label CMO platform.

TypeBroad incumbent
Description

Public company developing and selling hemp-derived CBD products (oils, capsules, topicals, gummies). Comparable product format set and CBD ingredient heritage to GenCanna/GenLabs.

TypeBroad incumbent
Description

Large-cap cannabis and CBD producer with broad product portfolio across wellness categories. Comparable end-markets (CBD tinctures, softgels, topicals) but operates at vastly larger scale and as a brand owner rather than CMO.

TypeBroad incumbent
Description

Global nutrition and wellness company with a broad portfolio of supplements, protein shakes and topicals sold across multiple channels. Comparable health-and-wellness category footprint but operates as a direct-selling brand rather than a CMO.

10Coastal Private Label
TypeDirect peer
Description

Private-label and contract manufacturer specializing in skincare, topicals, and personal-care products for emerging brands. Directly comparable to GenLabs's skincare and topicals white-label offering and emerging-brand customer base.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance4 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

GenCanna

Contract supplement manufacturinggencanna.com

GenCanna is a US-based contract manufacturer and white-label supplier of health, wellness, and beauty products, serving brands, retailers, CMOs, and wholesalers across facilities in the USA, UK, and EU.

What GenCanna does

GenCanna is a U.S.-headquartered contract manufacturer and white-label supplier of health, wellness, and beauty products, founded in 2011 and based in Winchester, Kentucky, with a staff of 51–100. Following the 2021 acquisitions of Taylor Mammon and London-based CBD Capital Ltd, the company repositioned under the GenLabs brand (genlabs.health) to operate as an international manufacturing and supply-chain partner with facilities in the USA, UK, and EU (Rotterdam), serving brands, retailers, CMOs, and wholesalers in the ingestible and topical supplement categories.

The company's core offering is a two-tier manufacturing platform: a ready-made white-label finished-goods catalog — including gummies, tinctures and oil drops, softgels, topicals, skincare, shilajit, and drink concentrates — designed for speed-to-market and lower minimum order quantities for emerging brands; and a custom formulation/new product development service for differentiated, need-state-targeted products. Underlying capabilities include bottling, supply chain management, and 3PL/direct-to-consumer fulfillment, marketed as an end-to-end brand-operations partner. The USA facility is cGMP-certified, FDA-registered, and supported by GRAS-tested ingredients and USDA Organic inputs, with UK and EU operations held to corresponding international quality regulations.

GenCanna generates revenue through contract manufacturing fees, white-label product sales, custom formulation project work, and logistics/fulfillment service charges. Its go-to-motion targets four customer archetypes — emerging brands, scaling brands, retailers, and wholesale/CMO partners — across North America and Europe. The 2018 MariMed-led $30M funding round and the 2021 European expansion (CBD Capital acquisition + Rotterdam facility) underpin the company's current international production footprint.

GenCanna firmographics

Firmographics
Name
GenCanna
Legal name
GenLabs
Website
https://gencanna.com
Company type
Private
Founded year
2011
Operating status
Acquired
Headcount range
51–100 employees
Short description
GenCanna is a US-based contract manufacturer and white-label supplier of health, wellness, and beauty products, serving brands, retailers, CMOs, and wholesalers across facilities in the USA, UK, and EU.
Ownership category
akta.pro rank

GenCanna industry classification

Industry
Product category
Contract supplement manufacturing
NAICS
Medicinal and Botanical Manufacturing (325411), Nonchocolate Confectionery Manufacturing (311340)
SIC
Medicinal Chemicals & Botanical Products (2833), Food And Kindred Products (2000)
akta.pro primary industry
Specialty & Functional Packaged Foods (Gluten-Free, Keto, Organic, Medical/Allergen-Friendly) (CRADAAAI)
akta.pro secondary industry
Dermatology & Aesthetics Pharmaceuticals (HLAIAAAK)

Keywords

  • Hemp-derived CBD
  • Contract manufacturing
  • White-label supplements
  • Custom formulation services
  • Wellness product manufacturing

Where GenCanna is headquartered

Location

Headquarters

HQ city
Winchester
HQ country
United States
HQ region
North America

Markets served

GenCanna business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

GenCanna product offering

Product offering

Core offering

GenCanna (operated as GenLabs) designs and manufactures health, wellness, and beauty products, including gummies, tinctures and oil drops, topicals, softgels, skincare, shilajit, and drink concentrates, for brand, retail, CMO, and wholesale customers. The company runs a white-label catalog for speed-to-market needs and offers custom formulation, bottling, supply-chain management, and 3PL fulfillment as integrated services. Production is delivered through cGMP and FDA-registered US facilities and parallel UK and EU sites meeting international quality regulations.

Product overview

GenCanna (operated as GenLabs) operates as a contract manufacturer and supply chain partner for health, wellness, and beauty products. The company offers a flexible manufacturing platform with two service models: a white-label catalog for speed-to-market needs (including Gummies, Tinctures & Oil Drops, Topicals, Softgels, Skincare, Shilajit, and Drink Concentrates) and custom formulation partnerships for differentiated products. These finished goods are supported by manufacturing capabilities including Bottling, Formulations/New Product Development, Supply Chain Management, and 3PL & Direct-to-Consumer Fulfillment. The company serves CMOs, wholesalers, brands, and retailers with facilities in the USA, UK, and EU, positioning itself as an international production partner for market entry across multiple regions.

Differentiator

Problem solved

Functional benefit

Brands

  • CBD Capital: UK-based CBD ingredient supplier brand acquired by GenCanna in 2021

Products and services

  • Gummies Chewable edible supplement format in the white-label catalog, available for emerging brands and scalable customers in the health and wellness categories.
  • Tinctures & Oil Drops Liquid supplement format delivered via dropper, designed for sublingual absorption, available as a white-label finished good for brands and retailers.
  • Topicals Topical cream and skincare products for external application, offered as a white-label finished good in the supplement and beauty categories.
  • Softgels Encapsulated supplement format for precise dosing and extended shelf life, offered as a white-label finished good for health and wellness brands.
  • Skincare Beauty and topical products for skin health and wellness, supplied as white-label finished goods to brands and retailers.
  • Shilajit Natural mineral supplement product for wellness applications, supplied as a white-label finished good.
  • Drink Concentrates Concentrated beverage products that blend flavor and function for health and wellness applications, produced for brand and retail customers.
  • Formulations / New Product Development Custom formulation and product development services that create unique blends, product profiles, and targeted need-state solutions for brand, retailer, CMO, and wholesale customers seeking differentiation.
  • Bottling Contract bottling services for liquid products including tinctures and beverages, provided to brand and retail customers.
  • Supply Chain Management Outsourced supply chain management services that operate as the operational backbone for brand and retail partners across US, UK, and EU markets.
  • 3PL & Direct-to-Consumer Fulfillment Third-party logistics and direct-to-consumer fulfillment services for consumer brands, supporting end-customer order delivery.
  • White Label Catalog Speed-to-market product catalog available to customers seeking rapid product sell-through and profit, with lower MOQs for emerging brands across gummies, tinctures, topicals, softgels, skincare, shilajit, and drink concentrates.

Companies that use GenCanna

Customer profile

Ideal customer profiles2 records

GenCanna technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

GenCanna partnerships and signals

Strategic signal

Recent moves6 records

Expansion highlights6 records

GenCanna competitors and assessment

Company assessment

Direct peers

  • Vitakem: Nutraceutical contract manufacturer offering custom and private-label supplement manufacturing in softgels, capsules, powders and gummies. Directly comparable to GenLabs in CMO services, dosage formats, and brand-customer target market.
  • Makers Nutrition: Full-service supplement and vitamin contract manufacturer (gummies, capsules, softgels, liquid tinctures) with white-label and custom formulation. Closely comparable to GenLabs on product formats, white-label offering, and CMO go-to-market.
  • Best Formulations: Established nutraceutical CMO producing tablets, capsules, softgels, powders and liquid supplements under cGMP. Comparable to GenLabs in scale, certifications, and multi-format contract manufacturing for brand customers.
  • Bactolac Pharmaceutical: Nutraceutical contract manufacturer offering tablets, capsules, softgels, powders and liquid supplements to brand customers. Comparable CMO platform serving similar emerging and scaling wellness brands.
  • Coastal Private Label: Private-label and contract manufacturer specializing in skincare, topicals, and personal-care products for emerging brands. Directly comparable to GenLabs's skincare and topicals white-label offering and emerging-brand customer base.

Broad incumbents

  • Charlotte's Web Holdings: Vertically integrated hemp-derived CBD wellness brand with proprietary extraction and finished products (tinctures, gummies, topicals, softgels). Comparable product formats and CBD/wellness positioning, though it owns brands rather than operating as a CMO.
  • cbdMD: Public CBD wellness company producing tinctures, gummies, topicals and softgels under its own brands. Comparable finished-product formats and CBD/wellness category exposure, but operates owned brands rather than a white-label CMO platform.
  • CV Sciences (PlusCBD): Public company developing and selling hemp-derived CBD products (oils, capsules, topicals, gummies). Comparable product format set and CBD ingredient heritage to GenCanna/GenLabs.
  • Canopy Growth: Large-cap cannabis and CBD producer with broad product portfolio across wellness categories. Comparable end-markets (CBD tinctures, softgels, topicals) but operates at vastly larger scale and as a brand owner rather than CMO.
  • Herbalife: Global nutrition and wellness company with a broad portfolio of supplements, protein shakes and topicals sold across multiple channels. Comparable health-and-wellness category footprint but operates as a direct-selling brand rather than a CMO.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

GenCanna social profiles

Digital presence

GenCanna compliance and trust

Trust signal

Compliance4 records

GenCanna financial estimates

Financial estimate

Revenue estimate

Valuation estimate

GenCanna leadership team

Management profile

Number of profiles

Profiles3 records

GenCanna subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

GenCanna funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

GenCanna M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GenCanna

What does GenCanna do?

GenCanna (operated as GenLabs) designs and manufactures health, wellness, and beauty products, including gummies, tinctures and oil drops, topicals, softgels, skincare, shilajit, and drink concentrates, for brand, retail, CMO, and wholesale customers. The company runs a white-label catalog for speed-to-market needs and offers custom formulation, bottling, supply-chain management, and 3PL fulfillment as integrated services. Production is delivered through cGMP and FDA-registered US facilities and parallel UK and EU sites meeting international quality regulations.

Is GenCanna a public or private company?

GenCanna is a private company. It is classified as venture growth investor backed and is currently acquired.

When was GenCanna founded?

GenCanna was founded in 2011. It employs 51 to 100 people.

Where is GenCanna based?

GenCanna is headquartered in Winchester, United States, in the North America region.

Who are GenCanna's main competitors?

Direct peers on record are Vitakem, Makers Nutrition, Best Formulations, Bactolac Pharmaceutical and Coastal Private Label. Broad incumbents are Charlotte's Web Holdings, cbdMD, CV Sciences (PlusCBD), Canopy Growth and Herbalife.

Does GenCanna have an API?

No public API is recorded for GenCanna.

What industry is GenCanna in?

GenCanna's product category is Contract supplement manufacturing. Its primary akta.pro industry code is CRADAAAI, Specialty & Functional Packaged Foods (Gluten-Free, Keto, Organic, Medical/Allergen-Friendly), with a secondary code of HLAIAAAK, Dermatology & Aesthetics Pharmaceuticals. Its NAICS code is 325411 and its SIC code is 2833.

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Live signals
PR NewswireGenCanna Bankruptcy Brings Multiple Actions Against Other CompaniesGenCanna, a hemp processor and CBD product manufacturer based in Winchester, Kentucky, faced financial disputes with contractors who claimed they were owed $13 million in October 2019, leading to multiple lawsuits and an involuntary Chapter 11 bankruptcy petition filed in January 2021. Following confirmation of a liquidation plan by the bankruptcy court, the post-confirmation entity Oxford Restructuring Advisors has begun filing lawsuits against creditors and vendors to recover preferential transfers. The law firm Bunch & Brock, which represents clients affected by the GenCanna bankruptcy, is offering legal services to creditors being sued in connection with these preferential transfer claims.PR NewswireAmerikanischer CBD-Pionier GenCanna erwirbt den in London ansässigen CBD-Anbieter CBD CapitalUS-based CBD manufacturer GenCanna acquired London-headquartered supplier CBD Capital to expand its bulk ingredient and finished product offerings in the UK, EU, and global markets. This transaction follows GenCanna's recent acquisition of Taylor Mammon and complements CBD Capital's new distribution hub in Rotterdam, Netherlands.PR NewswireLe pionnier américain du CBD, GenCanna, acquiert CBD Capital, un fournisseur de CBD basé à LondresGenCanna, a US-based pioneer in the premium full-spectrum and broad-spectrum CBD industry, has acquired CBD Capital Ltd., a London-based supplier of bulk CBD distillate, isolate, and water-soluble ingredients along with white-label and private-label services. The acquisition significantly expands GenCanna's bulk CBD ingredients portfolio and distribution capabilities across the UK, EU, and global markets while adding CBD Capital's sub-brand portfolio for accelerated product development. The deal follows GenCanna's earlier acquisition of Taylor Mammon, another London-based CBD finished-products formulator and brand accelerator, further consolidating its footprint in the global CBD market.Business Wire BlogAmerican CBD Pioneer GenCanna Acquires London-Based CBD Provider, CBD CapitalGenCanna has acquired London-based CBD provider CBD Capital Ltd to expand its bulk ingredient and finished goods operations in the United Kingdom, European Union, and global markets. This acquisition follows GenCanna's purchase of Taylor Mammon and includes the integration of CBD Capital’s sub-brands and new Rotterdam distribution base.PR NewswireAmerican CBD Pioneer GenCanna Acquires London-Based CBD Provider, CBD CapitalGenCanna announced the acquisition of London-based CBD provider CBD Capital Ltd to broaden its bulk product offerings and distribution capabilities. This strategic move follows GenCanna's previous acquisition of Taylor Mammon, further anchoring its footprint across global CBD markets including the United Kingdom and European Union.BenzingaHemp Growers Urge FMCSA To Issue Hauling GuidelinesGenCanna Global's co-founders Brett Goldman and Steve Bevan submitted a white paper to the Federal Motor Carrier Safety Administration's Motor Carrier Advisory Committee, urging the development of standard operating procedures and guidelines for commercial hemp and hemp-processing material transportation. The white paper highlights that non-compliant 'work in process' hemp materials with THC levels above 0.3% have no federal authorization for interstate transport, effectively leaving such materials 'landlocked' within state boundaries. GenCanna, which filed for Chapter 11 bankruptcy in February before selling its assets to MGG Investment Group, argues that regulatory jurisdiction should involve USDA, DOT, and DEA coordination to resolve federal-state conflicts over hemp transportation.Business Insider2 hemp and CBD startups just laid off workers as the industry confronts a uniquely challenging phaseHemp and CBD startups GenCanna and Mile High Labs laid off workers in recent weeks. Mile High Labs cut 20 entry-level sales roles, while GenCanna laid off 65 in December. Both companies cite industry automation and declining demand as reasons.PR NewswireFarmers Unite to Launch U.S. Hemp Growers AssociationThe U.S. Hemp Growers Association (USHGA), a new national farmer-directed hemp trade association, was announced in Indianapolis on December 19, 2019, with Caren Wilcox named as executive director. The organization was founded by six partners including U.S. Hemp Farming Alliance, First Crop, International Hemp Solutions, HiLo Seed, GenCanna, and Farm Journal, with over 300 farmer-members from the U.S. Hemp Farming Alliance set to join at launch. The association aims to provide educational resources, networking opportunities, and unified advocacy for the emerging commercial hemp industry, holding its first meeting in San Antonio in February 2020.PR NewswireHarvest One Reports Fourth Quarter and Year End Financial Results for 2019Harvest One Cannabis Inc. reported Q4 and full-year fiscal 2019 financial results ending June 30, 2019, achieving net revenue of $3.0 million for Q4 and $11.5 million for the full year, representing 489% and 1,479% increases respectively over 2018, though the company reported a net loss of $13.6 million for Q4 and $27.9 million for the year. Post-quarter, Harvest One completed the acquisition of Delivra Corp. and its LivRelief brand, entered supply agreements with GenCanna Global USA and Stevens Green, received a cultivation license for Phase 1 of United Greeneries' Mission Road facility, and obtained an amendment to sell cannabis oil products. Management indicated fiscal 2020 will benefit from increased production capacity and new cannabis derivative products under recent Canadian legislation changes.PR NewswireHarvest One Signs Supply Agreement with GenCanna for Extracted ProductsHarvest One Cannabis Inc., through its wholly-owned subsidiary Satipharm Ltd., signed a two-year Supply Agreement with GenCanna Global USA dated June 4, 2019, under which GenCanna will supply GMP Certified CBD oil and finished products for distribution under the Dream Water, Satipharm, and LivRelief™ brands in regulated markets across the United States, Europe, and globally. GenCanna will also support research, development, and formulation of both existing and new CBD-infused products using its proprietary production platform. The agreement ensures Harvest One access to consistent, fully compliant hemp-derived CBD extract and products from GMP-certified facilities.