Kombinat Konopny in Poland is showing what an integrated hemp business looks like. It’s preparing to share this model with investors.
It has created a tight-knit operation, from field to final product. The model combines in-house manufacture, regional sourcing and direct-to consumer sales.
This is a vertically-integrated value chain built on a localized model that transforms the crops of regenerative farming into final products.
Now in its seventh year, Kombinat continues to expand its textiles business — primarily clothing basics and branded fabric products sold across Europe — while also building a trusted domestic retail distribution network for its CBD line as it moves toward a planned listing on Warsaw’s NewConnect exchange this year.
Clothing sales increase
Maciej Kowalski, CEO of the company said that an increased number of textiles and better online marketing to support its Kombinat.eu site started to produce measurable results at the end last year in the key growth unit of the business.
The line of Kombinat casual clothing, bags, and homewares is designed and manufactured in-house. Sales are mainly driven through the company’s own channels. Internally, marketing and advertising is also handled.
Kowalski, who is responsible for the product development at Kombinat, said that, as their pipeline grew, they found a formula which was effective and scaleable to produce social media videos and photos featuring friends, employees and family.
Kowalski described the dynamic of advertising that began in 2025 Q4 as “wonderful”. “We began actively and in a very natural way with short videos. We paid Facebook to show them to millions of people.”
Revitalizing technology
Kombinat’s textile capabilities were built using the dormant flax- and linen-processing infrastructure in Central and Eastern Europe. Kombinat sought out older machines for spinning, fiber processing and fiber production, primarily those designed originally for flax. Some of the machines were refurbished, others used as templates to create custom made hemp-handling machinery.
Supplement Business Stable
The company’s supplement business – mainly wellness and herbal products based on CBD – is limited to Poland, but is firmly established, according to Kowalski.
“Our clients buying these products is older people, who prefer to buy locally and from someone they know,” said he. “They do not trust online shopping and have more faith in herbal medicines.” We’re doing this by reaching out to them via organic and herbal stores.
This is half the business of Kombinat CBD, and the other halves comes from online sales.
The corner:
Kowalski claimed that the Q4 of 2025 would be the first quarter in which textiles as well CBD will make a significant contribution to revenue.
Kombinat has reported Q4 sales revenues in 2025 of PLN 2,04 million ($510,000), a rise of 73% over 2024 revenue figures of PLN 1 million (about $295,000. Kombinat reduced its quarterly net loss from PLN 1.46 to PLN 0.8 million, or about $365,000.
Perhaps most importantly, the company reported positive EBITDA of PLN 0.15 million (about $38,000) in Q4 2025 after a loss of PLN 1.19 million (about $298,000) in 2024 — showing its core operations have turned profitable before interest, taxes, and other accounting charges.
Kowalski stated that “These results show our business is at a turning point.”
Crowdfunding Roots
A record-breaking Polish crowdfunding campaign gave Kombinat a boost early on. It raised the first $1.1m (around 4.2m zlotys) from investors in only 38 minutes at the end of 2020. In 2021, it raised an additional $5 million (approximately $1.36million) from its existing investors. The rounds of retail investment revealed a high level of interest among investors, and they helped fund the expansion. Now, as the company moves towards its public listing at NewConnect, Warsaw Stock Exchange’s junior market, it is preparing to expand.
Kowalski believes that the listing is a natural next step for Kombinat, as it will help to scale and build brand awareness as they continue their Europe-wide online strategy.
After Green Lanes SA which produces hemp-based products for consumer and industrial use, Kombinat Konopny, if the listing process is successful, will become the second company to focus on hemp in NewConnect.