11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
22nd Century Group, the biotech company that entered the cannabis space in 2014 with ambitions to monetize cannabis genetics, is abandoning the effort. In 2018, they doubled down on the emerging hemp sector, seeing opportunity in bioinformatics and gene editing. The company is now shedding its cannabis operations, GVB Pharma, selling to Nevada-based Specialty Acquisition Corporation for $2.25 million.
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