Polish hemp company Kombinat Konopny raised 4.2 million zlotys (€950,000/~$1.1 million) in 38 minutes on Monday, Nov. 16, shattering the record on crowdfunding platform Crowdway.pl. The offer drew more than 700 buyers.
Maciej Kowalski, Kombinat’s CEO and founder, said the company will use the funds to increase agricultural production, further develop its textile technology, set up its CBD oil production line on an industrial scale, and add workers.
Kombinat currently produces own-brand dietary supplements, hemp pollen, hemp flowers for tea, smokable hemp and decarboxylated hemp that can be used in food or tinctures. It is in the process of developing CBD production and textile-making operations.
The crowdfunding capital raise kicks off a 5-year strategic plan that would see Kombinat Konopny reaching 25…