The Cannabium marketplace is first in industry to back its token with a commodity. Cannabium is a cannabis extracts marketplace built on the blockchain and backed by a real asset. Cannabium is developing a decentralized platform using blockchain technology for the medical cannabis industry. The platform will enable Cannabis extract producers and buyers to operate in an efficient, transparent marketplace, allowing an equilibrium between producers and buyers, thanks to smart-contract technology. As the first ever blockchain-based cannabis extracts marketplace, Cannabium will allow for new providers to easily onboard while offering wholesale buyers with transparent pricing information and buying choices. Ultimately, cannabis extract consumers benefit from high quality products at competitive prices.