Miles Higher Labs, 1 of the world’s biggest CBD extractors, announced that it has closed a $65 million term loan, creating it 1 of the most considerable capital raises in the hemp sector. In a statement, Jon Hilley, the CFO of Mile Higher Labs, stated that the loan was taken out so that the corporation could safe its hemp provide and that the corporation is acquiring “literally a mountain of hemp.” According to Jason Roth, the CEO of Mile Higher Labs, the loan was created feasible by way of collaboration with MGG Investment Group.