C4 has most recently added four new brands for distribution to its growing list of products. California needs companies to provide quality distribution services due to the extremely fragmented market of suppliers and retail dispensary buyers. C4 is poised to become a leader in the California cannabis distribution market. (a.k.a C4 Distro), a California- licensed distribution operating company. We are excited by the accelerating growth of this company.”Īltitude made a lead investment in Golden Systems’ Class B Preferred Units $5 million capital raise. Rod Stephan, partner at Altitude added, “Flowhub has successfully created software which meets the regulatory and compliance requirements of each state and also creates a sticky customer with recurring monthly revenues. Flowhub processes over $1B in cannabis sales annually and is the top cannabis compliance technology recommended by state agencies. Flowhub’s award-winning software serves more than 300 of the largest retailers and cultivators in the United States. Setting a new standard for the highly regulated industry, Flowhub offers dispensary and cultivation license holders a metrcTM integrated platform built specifically to simplify compliance, with data automatically sent to state regulators via an API. Additionally, large upside exists when a planned rollup takes place and as these states legalize adult use.”Īltitude made an add-on investment in Flowhub’s Convertible Note $3.3 million capital raise. Altitude partner Michael Goldberg stated, “Our investments in multistate vertically-integrated operators will allow us to participate in the growth and value creation as the medicinal markets grow, new patients are added, and new approvals for qualifying conditions increase the patient base. Both companies are managed by the same management team. Each are fully-licensed, vertically-integrated cannabis companies that are active in cultivation, extraction, manufacturing and retailing. (AES Compassionate Care PA and Grassroots Compass Ventures IL)Īltitude made separate investments in both AES Compassionate Care Pennsylvania and Grassroots Compass Ventures Illinois. Its value is reflected in the rapid growth and diversification of the BDS Analytics client base.” "Based on extensive experience in other industries, BDS Analytics has developed proprietary software and services that provide its clients with really useful data and insights. “We are very impressed with the management team,” says Jon Trauben, partner at Altitude. Its Industry Intelligence Services enables the company to make accurate market-wide financial projections and help the cannabis industry make better informed decisions. Using the GreenEdgeTM sales tracking software, BDS Analytics is able to generate actionable insights pulled from hundreds of dispensary partners’ point-of-sale systems and closely study the behaviors and psychographics of cannabis users through its Consumer Insights Group. This funding places BDS in a very strong position to execute the national expansion of its GreenEdgeTM software and to roll out its Consumer Insights & Industry Intelligence services to a much broader client base. BDS is the leader in cannabis business intelligence. Altitude made an add-on investment as co-lead in BDS Analytics’ Series B Preferred Stock $3.5 million capital raise.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |