LONDON, England, Sept. 29, 2020 (PRESS RELEASE) — CanXchange, the leading physical hemp and CBD exchange, is pleased to announce the recent completion of a transaction involving Europe’s largest independent hemp grower and processor, HempFlax.

hemp farming canxchange europeThe transaction, which involved the sale of HempFlax’s premium products, was successfully managed through the use of CanXchange’s robust infrastructure that includes a payment solution (operated by the traditional banking system) and thorough logistics management.

The company plans to continue developing its network of users globally, following the initial transactional success seen by early adopters of the platform across Europe.

CanXchange is committed to uncovering and highlighting profitable opportunities within the field for its users.

Mark Reinders, CEO HempFlax, commented: “The presence of a service like CanXchange will significantly strengthen our industry supply chain by adding an extra layer of trust and accountability. Our first transactional experience was seamless and the level of simplicity for the payment and logistics process was outstanding.

Given the operational and technical complexities of the industry, I was delighted to see that the payment and logistics of CanXchange were both efficient and effective. We look forward to using the platform to connect with buyers of our full-spectrum CBD oil, as well as our other natural hemp-derived products.’

About CanXchange Ltd

CanXchange is the leading physical hemp and CBD exchange, empowering trusted transactions. Their innovative trading platform includes services and features that provide direct solutions for long-term industry barriers. The company aggregates farmers, producers & extractors and a wide range of industries under one roof; offering a wide network of vetted businesses to its users. An industry first payment solution, operated by the traditional banking system, is fundamental to the CanXchange business model.

• CanXchange Ltd. is headquartered in London, England
• CanXchange Ltd. is registered in England and Wales with company registration number 12099958 and its registered office address at: The Glassmill, 1 Battersea Bridge Road, London, Greater London, SW11 3BZ
• CanXchange Ltd. operates globally
• Company values include sustainability, community, innovation and security

About HempFlax

HempFlax is Europe’s largest independent grower and processor of industrial hemp. The company has operations

across Europe, with over 2,400 hectares of hemp expected to be harvested in 2020. Processing the whole hemp
plant enables HempFlax to maximise revenues across their six business lines:

• Nutraceuticals (CBD)
• Hemp based plastic replacement
• Construction
• Animal Care
• Horticulture
• Genetics and Cultivation

By leveraging a 25-year history from seed to shelf, HempFlax intends to be the market leader in the fast-growing hemp industry.

For further information, please visit

Mary Dodman
Senior Marketing & Communications Manager
+44 7816 636 030

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