Tag: Asterra Labs

The Rise Cos. exiting hemp business

A prominent N.C. hemp business is on the block, in part because of new federal legislation that drastically tightens the amount of THC hemp-derived products can contain. The Rise Cos. CEO Harry Smith said the investment firm will sell or close its hemp business, Asterra Labs, by the end of the year. “We’re going to […]

Written by on November 18, 2025