Hong Kong faces serious rivals in its bid to become the Asian hub for CBD.

By Mark Andrews

CBD Intel. 14/07/2020

It remains unclear where the hemp and CBD investment centre for Asia will develop. History and existing infrastructure would point to Hong Kong, but the Chinese special administrative region has not seen momentum build despite a flurry of deals last year.

“There appeared to be lots of activity in 2019 around public companies and funds in HK wanting to attach themselves to all things ‘cannabis’, which includes of course hemp and CBD,” CannAcubed CEO Glenn Davies told CBD-Intel. “HK, Shenzhen and Shanghai companies spiked and soared, and stocks rallied when announcements were made regarding the sector.”

Other unsuccessful deals indicated further appetite. These included an attempted $15m takeover of Yooya – a Chinese e-commerce platform that could have been used to sell CBD health products – by Regent Pacific, a Hong Kong exchange listed specialist healthcare, wellness and life sciences investment group.

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Mark Andrews has written about everything from Japanese houses to heli hikes on New Zealand glaciers, test drives of Chinese cars to bar and restaurant reviews. He currently specialises in travel articles and reviews of Chinese cars plus articles about the Chinese auto industry.

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