Hempstreet is one of the Ayurveda start-ups related to cannabis research. It is one of the first Indian ventures which is converted to retail from research of the Cannabis used in the practice of Ayurveda. The aim of the company is the treatment of various ailments with medications dispensed with Cannabis. They are known for being used a lot in cases of chronic pain or menstrual health.
Hempstreet – Cannabis Ayurvedic Solutions
There is a team of expert scientists involved in the research and development of the formulations used in Ayurveda. The start-up Hempstreet has more than 300 Ayurveda formulations with network collaboration of more than 60,000 Ayurveda practitioners and serving more than 18,000 clinics of Ayurveda treatment. The company wants to re-establish the standards with advanced research in Cannabis in the industry.
Cannabis is known to be a plant-based product used in medications. These are preservative- free and top-quality formulations manufactured in India. The company is involved in sourcing the Cannabis from small farmers and getting post-licenses for contract farming of it.
Hempstreet – Founding Story
Hempstreet was found by Abhishek Mohan in 2019, based in New Delhi. He is also the CEO of the organisation. The range of products offered by Hempstreet addresses medical problems like hypertension, anxiety, sexual issues, and digestive problems. It has partnered globally for further expansion with various other companies like Gynica in Israel, MCG Pharma in the UK, UIDI in Brazil, Cannabis 360 in Brazil, and Amrita School of Ayurveda
based in India.
Hempstreet – Funding Snapshot
This healthcare start-up has risen a total funding of around $ 3 million to date. While, in a recent pre-series A funding round, a total of $ 1 million has been raised with the principal investor being Carl Waahlin. The other investors who participated in the funding round are Andre Rodrigues and high-net-worth individuals from Southeast Asia with the founder of the company, Abhishek Mohan.
The company aims to utilise these funds to further expand and upscale its clinical trials for the proprietorship of its formulations specifically curated for pain and menstruation issues. They want to further facilitate their research and development with better technology for the development of their products inspired by Ayurveda.
Wrap Up
Currently, they are serving a patient base of 35 million people and want to continue to strive better in their products and services. Hempstreet offers you medical consultations with the best of the Ayurveda experts. There are case studies and reviews of the products of Hempstreet by the practitioners elaborating on the safety and efficacy of Cannabis based products.
