Hemp Industry Daily reports..

A federal bankruptcy judge has approved the sale of the bulk of the assets for GenCanna Global, a hemp processor and CBD product manufacturer based in Winchester, Kentucky, to MGG Investment Group, a New York-based, private direct lender and one of GenCanna’s creditors.

The deal, valued at $77 million, allows MGG Investment Group to recoup its investment, Law 360 first reported.

Full report

Judge OKs $77 million sale of GenCanna Global assets out of bankruptcy