CARBONDALE, Colo., March 27, 2018 /PRNewswire/ -- Cannabis Hemp Exchange (CHEX), a technology company powering marketplace solutions, and International Hemp Exchange (iHEMPx), a hemp industry marketplace platform, announce a joint venture to launch a hemp commodity exchange at the 5th annual NoCo Hemp Expo April 6-7, 2018. It will live on http://Wholesale.iHEMPx.com/ as the "International Hemp Exchange" powered by CHEX.
CHEX has developed commodity marketplace software, and iHEMPx has been consulting and facilitating transactions between wholesale hemp supply and demand. "We were seeking a strategic partner to help onboard participants to an online platform, so that together, we may begin to establish the structured connectivity needed amongst counterparties for the various hemp commodity products, to help standardize commodity exchange and aggregate useful market information," says Eugene Lopin, CEO of CHEX.
Demoing the exchange at NoCo will kick-off the beta phase. The team will seek user feedback to improve it for the industry. "iHEMPx is thrilled to work with CHEX on this exciting new platform. The hemp industry has been in need of a professional wholesale exchange to help drive more business. We're going to solve this problem and start with a free solution for buyers and sellers of hemp commodity products," says Mike Leago, CEO of iHEMPx.
Founded in 2014, Cannabis Hemp Exchange (CHEX) www.TheChex.com is a software and blockchain technology company powering innovative B2B/B2C marketplace applications, tailored for the business and regulatory needs of supply chain, retail, ancillary and government stakeholders.
International Hemp Exchange (iHEMPx) www.iHEMPx.com was founded in 2016 to empower the supply chain of the hemp industry. By working directly with producers, processors and manufacturers, iHEMPx helps facilitate buyer and seller connections to allow for easier and more efficient transactions. From seeds and clones, all the way to finished retail products, iHEMPx can connect the dots to create opportunity and stability in the hemp supply chain.
Offering both wholesale and retail exchanges, iHEMPx is a one-stop shop for established and emerging businesses in the hemp industry. iHEMPx also helps businesses with consulting, manufacturing, sourcing, and much more.