Top Headlines
Expo West 2020 Postponed, Date TBD
Due to COVID-19, New Hope Network announced that as of March 2, Natural Products Expo West was postponed to a later date in 2020 to be determined. It was originally scheduled for March 3-7 at the Anaheim Convention Center in Anaheim, CA. In a press release that New Hope sent out, the company noted that ...
FDA Fails to Deliver Congressionally Mandated Report on CBD Regulations
The U.S. Food and Drug Administration (FDA) failed to meet its deadline to provide a Congressionally mandated report on how it plans to regulate CBD. Congress instructed the FDA in last year’s spending bill to adopt an enforcement discretion policy within 120 days and provide an update of its progress after 60 days. The agency’s first report ...
Kerry Acquires Pevesa
Kerry (Ireland) has announced that it has expanded its non-allergenic and organic plant protein capability by acquiring Pevesa Biotech. The acquisition enhances Kerry’s leadership position in the hydrolyzed plant protein space for specialized nutrition, and expands the company’s capacity to serve the rapidly growing, high-quality, organic plant protein market. Based in Spain, Pevesa Biotech is ...
NPA Exits Chapter 11 Bankruptcy
The Natural Products Association (NPA) announced that it will exit chapter 11 bankruptcy effective immediately. A judge granted NPA’s filing to dismiss the case after just over six months of court proceedings. “This was a business decision, it was the right thing to do, and it is an exciting day for NPA because we emerge stronger ...
CRN Applauds U.K. Food Standards Agency for Clear Path Forward for CBD
On Feb. 13, the U.K. Food Standards Agency (FSA) announced it has set a deadline for CBD authentication. FSA is giving the CBD industry a deadline of March 31, 2021 to submit valid novel food authorization applications. After the deadline, only products which have submitted a valid application will be allowed to remain on the market. The ...
Bergstrom Nutrition Announces New President and CEO
Bergstrom Nutrition (Vancouver, WA) has announced Adrian Polliack, PhD as its new president and CEO. The business executive comes to Bergstrom Nutrition with more than two decades of leadership experience in roles such as CEO, president and founder for companies in the manufacturing, bioscience and medical technology spaces. He is also the inventor of 11 ...
NJ Lawmakers Propose Access to Financial Services for CBD Companies
Companies producing and selling hemp-derived CBD products would have access to essential banking services under new legislation introduced yesterday in the New Jersey State Senate. The legislation, introduced by State Sen. Robert W. Singer (R-NJ-30), would clarify that banks and credit unions will not be penalized by state regulators for working with legitimate hemp businesses. The ...
Sami Labs Breaks Ground on $30M Production Facility
Sami-Sabinsa Group hosted a ground-breaking ceremony, on Jan.20, 2020, for a new Active Pharmaceutical Ingredients (API) manufacturing unit at Pharma SEZ Industrial Area, Hassan, Karnataka, India. The latest facility, with a planned investment of $30 million (U.S.), is part of the group’s strategy to expand existing ingredient growth, and focus on innovative new products. This ...
Impact of Coronavirus on the Natural Products Industry
The new strain of coronavirus grabbing headlines and generating health concerns around the world was given an official name by the World Health Organization (WHO) on Feb. 11, 2020: COVID-19. Back in December 2019, the virus was first reported in Wuhan, China, and was traced to a novel strain. The COVID-19 virus, in some instances, ...
ChromaDex Launches New Line of High Purity CBD Reference Standards
ChromaDex Corp. (Los Angeles, CA) has announced the expansion of its industry-leading reference standards business with a new line of cannabinoid (CBD) reference standards available to researchers across the globe. These new materials are for laboratory use only, not for human consumption. “In the CBD space, we see an abundance of misinformation and a dearth of ...
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