Miles High Labs, one of the world’s largest CBD extractors, announced that it has closed a $65 million term loan, making it one of the most significant capital raises in the hemp industry. In a statement, Jon Hilley, the CFO of Mile High Labs, said that the loan was taken out so that the company could secure its hemp supply and that the company is purchasing “literally a mountain of hemp.” According to Jason Roth, the CEO of Mile High Labs, the loan was made possible through collaboration with MGG Investment Group.