Succesful investment exit from PHK

Owned by PHK, HemPoland has been the first private entity in Poland to obtain a license and commence cultivation and processing of hemp. The company produces hemp extracts of exceptional quality in terms of guaranteed performance of CBD, cannabinoid, terpenoid and flavonoid parameters.During the investment, Hem Poland introduced a series of Cannabi Gold products – dietary supplements based on golden fiber hemp extracts with a high content of cannabinoids to the European markets (including in the Netherlands and Switzerland). The company also started cooperation with a strategic distributor in the United States and implemented an integrated system of management of cultivation and production processes.Black Pearls VC invested in PHK, the owner of the HemPoland brand, in June 2015, and the vehicle for financing the transaction was the Black Pearls Seed Fund.

Cultivation and processing of hemp in Poland have a rich tradition dating back to the period before the World War II, when the first research on crops, processing technology and fiber production was carried out. In the 1960s, hemp cultivation was already conducted on areas of 30,000 hectares. However, subsequent years have brought a reduction in crops and their decline practically to zero in the first decade of the 21st century.Cannabis cultivars grown in Poland contain less than 0.2% of the THC psychoactive substance and their cultivation does not constitute a narcotic hazard, according to the legal regulations.