CanXchange announces landmark transaction

CanXchange, the hemp and CBD exchange, has announced the completion of a transaction involving Europe’s largest independent hemp grower and processor, HempFlax.

The transaction, which involved the sale of HempFlax’s premium products, was managed through the use of CanXchange’s infrastructure that includes a payment solution and 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.

Mark Reinders, CEO HempFlax, said: ‘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.”

CanXchange aggregates farmers, producers, extractors and a wide range of industries on one platform, offering a wide network of vetted businesses to its users.