Wroclaw-based startup Healthcann has technology for a soon-to-be $90 billion market

Healthcann, a Wrocław-based biotechnology startup, has launched a public fundraising campaign (crowdfunding) via the Crowdway platform. Its goal is to raise PLN 2.5 million for development. Healthcann creates and develops technologies for the medicinal hemp market, which is expected to reach PLN 2.2 billion in Poland in 4 years.

What are the goals of a crowdfunding collection?

– The funds obtained from crowdfunding will finance further implementation of research and development projects, expansion of the patent portfolio and winning the pharmaceutical market. The plan also includes increasing production capacity and employing specialists in the sales department, which will enable faster commercialization of our technologies and products on the Polish and foreign markets. – explains Agnieszka Teodoru, Healthcanna's operational director.

A promising hemp market in Poland

According to research company Euromonitor International, hemp products generated $38 billion in global turnover in 2021. It is projected to be $90 billion by 2026. Poland accounts for 8% of the market share among European countries. Euromonitor International believes that the Polish hemp market is in its early stages and offers high growth opportunities. The value of the hemp business in Poland quadrupled from PLN 210 million in 2019 to PLN 900 million in 2021. It is expected that by 2026 it will reach PLN 2.2 billion.

What does Healthcann do?

Established in 2020, Healthcann is a Polish biotechnology company whose technologies have already been appreciated by, among others, by the National Center for Research and Development. A start-up from Wrocław is developing unique methods of delivering compounds to the body. Thanks to them, a revolution in the quality, method and form of taking medicinal hemp compounds (cannabinoids) will be possible.

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