CMTREX

Company Overview

Snapshot

Founded in June 2018 by Saul Singer and Saul Kaye, CMTREX operates with 1–10 employees. The company ceased operations in September 2020, having focused on developing a blockchain-based international trading platform for cannabis.

Business overview

CMTREX, also known as Cannabis Mercantile Trading Exchange, developed a blockchain-based international trading platform for the cannabis industry. The company's core technology provided a secure digital B2B marketplace designed to connect wholesale cannabis suppliers and buyers, addressing the need for price transparency. Operating within the Business Software sector, specifically e-Commerce Tools, CMTREX offered features such as tenders, brokerage services, and futures contracts, drawing inspiration from the Israeli international diamond exchange model.

Company Intelligence Q&A

What is CMTREX's primary business?

CMTREX developed a blockchain-based international trading platform for wholesale cannabis, aiming to provide increased selectivity and price transparency for buyers and sellers.

When was CMTREX founded and by whom?

CMTREX was founded in June 2018 by Saul Singer and Saul Kaye.

What was the strategic partnership announced in July 2018?

In July 2018, CMTREX announced its plan to launch an international cannabis mercantile trading exchange in partnership with iCAN: Israel-Cannabis.

What initiative did CMTREX announce with Theracann International in February 2019?

In February 2019, CMTREX and Theracann International announced a joint initiative to advance authentication standards within the global wholesale cannabis market.

What was the collaboration between CMTREX and New Leaf Data Services?

In February 2019, CMTREX and New Leaf Data Services announced a joint initiative to advance efficient and transparent trading in the global wholesale cannabis market.