Chinese blockchain investor revamps business plan towards industrial cannabis, in wake of bitcoin rout

//Chinese blockchain investor revamps business plan towards industrial cannabis, in wake of bitcoin rout

Chinese blockchain investor revamps business plan towards industrial cannabis, in wake of bitcoin rout

Grandshores Technology, the Hong Kong-listed blockchain investor backed by the government of Hangzhou municipality, is diversifying into medicinal and industrial cannabis cultivation as it embarks on a new business strategy to counter a lethargic bitcoin market.Co-chairman Yao Yongjie told the South China Morning Post that the company will decide next year whether industrial cannabis planting would become the company’s new business focus, and divert resources away from its global blockchain…

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By | 2019-05-02T06:23:49+00:00 May 2nd, 2019|Business|Comments Off on Chinese blockchain investor revamps business plan towards industrial cannabis, in wake of bitcoin rout