Funding

Greentech Holdings raises €500k to develop ecommerce platform

Company aims to become the ‘Amazon of cannabidiol products’ with trading platform for all suppliers of CBD goods

Mark Canavan, co-founder of Greentech Holdings: said the company intended to use experience of enabling customers to buy products using tokens to develop a trading platform for all suppliers of CBD solutions

Greentech Holdings, an Irish-founded company that is seeking to become the “Amazon of cannabidiol (CBD) products”, has raised €500,000 from investors. The financing is to be used to develop a new ecommerce platform that trades via cryptocurrency tokens.

Founded by Paul Walsh and Mark Canavan, Greentech already produces its own range of products under the Greenheart CBD brand, and has previously secured distribution deals with retailers including the Uniphar chain of pharmacies.

Canavan said the company ...