U.S. commodities platform that traded industrial hemp shuts down as investor pulls back

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U.S. commodities platform that traded industrial hemp shuts down as investor pulls back

HempToday

U.S. analyst and commodities platform PanXchange, which operated in hemp and other sectors, has discontinued operations, according to the company’s founder.

Julie Lerner, who had also served as PanXchange CEO, announced the shutdown in a post on the company’s LinkedIn page late last week.

“It is with deep remorse to announce that PanXchange is closing its doors,” Lerner said. “Unfortunately, due to no fault of PanXchange, the 7-figure balance from our funder was not secured.”…