The cannabis storm continues

Cannabis-cultivator Freedom Farms will start crowdfunding in the second quarter. As part of the issue, it intends to obtain EUR 1 million for expansion of its retail sales network and further expansion of the cultivated area. The company intends to enter NewConnect over the next two years.

The company that grows cannabis flowers containing CBD and CBG predicts that the value of the yields harvested from this year’s crops will exceed PLN 9 million. It also intends, inter alia, to expand the business by producing oils and dried fruits with 5 percent CBD content. In the future, Freedom Farms also wants to start the production of medical marijuana and enter foreign markets with its products.

“Equity crowdfunding is an attractive form of financing for cannabis companies. Their strength is concentrated around a large community of Polish cannabis fans and supporters of further liberalization of regulations. The topic is very media-oriented and, from the point of view of business and investors, is very developmental, which is best evidenced by the previous issues, completed minutes after the start”, said Marcel Rowiński, Chief Operating Officer at Crowdway. The aforementioned issues of the hemp plant and CanPoland ended after less than 30 minutes and raised PLN 4.4 million.

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