, raising PLN 3.05 million (about $760,000) and a market value of PLN 6.09 million (about $1.52 million).){kind=link}
Kombinat Konopny, the Polish hemp firm, made a strong debut at NewConnect, Warsaw Stock Exchange’s junior market, marking a new step in its steady growth.
On Wednesday, 1 April, the debut was unusually busy, with more buy orders than available shares. The theoretical opening price was pushed up to PLN 0,90 by strong demand before trading started. This 800% increase triggered the delay in accordance with exchange rules. Maciej Kowalski stated that trading is expected to start within the next couple of weeks.
Legitimate demand
Although junior markets are volatile, Kombinat’s debut appears to be less of a surge and more of a real demand. Buyers were willing to pay far above the initial price, despite the fact that market mechanics likely overstated the surge.
Demand is based on the retail investor community that was established by earlier rounds of crowdfunding, which helped fund expansions and establish a wide shareholder base ahead of Wednesday’s listing.
In 2020, Kombinat successfully raised $1.2 million (4,5 million zlotys) via crowdfunding. This was followed up by 5 million (roughly $1.25million). from existing investors in 2021 — early signals of strong interest in the producer of CBD and hemp-textile goods that carried into the public debut.
Details of the company
StockWatch.pl’s CEO Maciej Kowalski said, “This is a significant day for the nearly 2,500 Polish investors who have placed their trust in us throughout our company’s growth.” The listing on NewConnect comes with a lot of responsibility but is also a step in the right direction for building value and expanding markets.
Kowalski continued, “Our mission is to make Kombinat Konopny available to all Polish homes.” The local made product should be free of artificial additives and polyester. We are gaining more consumer awareness.
Model integrated
Founded in 2020, Kombinat, based in Gronowo Górne near Elbląg in northern Poland, operates across two segments: herbal products and textiles.
This vertically integrated company boasts a model that combines regional sourcing with in-house manufacture and direct to consumer sales. Kombinat is now in its seventh year and continues to expand its textiles line — including clothing and fabric products — alongside a growing domestic retail presence for its CBD offerings.