Successful Swedish crowdfunding entrepreneur Daniel Daboczy has turned his attention to cannabis with the launch of The CanCoin digital currency. Mr. Daboczy made his name with the FundedByMe platform which launched in 2012. It has supported over 650 companies, raising over $80m and debuted on the Nordic Growth Market stock market, valued at $35m, in 2019. He believes The CanCoin and its associated blockchain technology will help tackle many of the industry’s pinch points with the eventual aim of it evolving into Europe’s cannabis central bank. Its initial $250,000 fundraise was supported by business angels and industry experts and the project is in collaboration with experienced Swedish cannabis investors David Bonnier and Amaury de Poret, the co-founders and investment managers of Enexis. €10m Launch Ambition On August 22, the first CanCoin will debut on a selection of Crypto exchanges, with Mr. Daboczy’s company – Technicorum Holdings – aiming to raise up to $10m from the launch. As well as those buying The CanCon as a speculative investment Technicorum believes it will be embraced by the cannabis community as an alternative to the established currencies and a key utility tool for the industry.

Cannabis Business Executive – Cannabis and Marijuana industry news, 07/19/2021 22:37:00

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