Cannabis Funding News: Flowhub Closes
Oversubscribed $3.25 Million Series A Offering
DENVER - April 12, 2017 (Investorideas.com Newswire) Flowhub, a
next generation seed-to-sale compliance platform for the cannabis industry, is
pleased to announce it has closed an oversubscribed $3,250,000 Series A round
of equity financing led by Green Lion Partners and Phyto Partners. Since
launching in June 2016, Flowhub has processed close to $200 million in
purchases across hundreds of the leading dispensary locations in Colorado,
Oregon and Alaska.
"We are thankful for the strong support we've received from
some of the leading institutional investors in the cannabis space, giving us
the resources we need to take Flowhub to the next level," said Mr. Kyle
Sherman, Flowhub's Founder and CEO. "We are confident that within the next
few months, a significant percentage of all transactions occurring in the
regulated cannabis industry will be facilitated by the Flowhub platform."
Flowhub offers platforms for both retail and cultivation that
automatically report mandatory compliance data to state regulators via a direct
API. The entire ecosystem has been crafted specifically for the regulated
cannabis industry. Flowhub's market share has grown over 300% since Q4 2016 and
has attracted some of the largest regulated dispensaries in the country as
customers.
"Our business has changed for the better since switching to
Flowhub several months ago," said Mr. Matthew Aiken, Owner of Sweet Leaf
with several stores in multiple states. "I've been in the industry for
years and nobody comes close to offering what Flowhub does. We've seen a major
productivity increase in our budtenders, managers, and compliance team and
we're saving more time and money than I expected. We're excited to expand our
business with Flowhub technology powering our infrastructure."
"We have no shortage of deal flow in the cannabis sector.
We've looked at hundreds of investment opportunities in the space and have
strong relationships with industry leaders in retail and cultivation. It's
clear Flowhub has a unique vision for the future of technology solutions in the
industry and we couldn't be happier to be a part of this mission," said
Mr. Michael Bologna, CEO of Green Lion Partners.
"The technology solution Flowhub provides is critically
important to operators, they can't do business without it. This vertical is
where we will see billion dollar valuations in the coming years," said Mr.
Larry Schnurmacher of Florida-based Phyto Partners. "We believe the Flowhub
team will dominate the technology backbone of the cannabis industry and are
proud to have Flowhub in our portfolio allowing our investors the opportunity
to invest in this emerging industry."
Grow operation and dispensary owners who would like to learn
more about Flowhub are encouraged to visit flowhub.co.
About
Flowhub
Flowhub has developed the next generation of seed-to-sale
software for the regulated cannabis industry. Flowhub enables growers and
dispensaries to streamline their supply chain operations and optimize their
profit margins. Flowhub was formed in 2015 and is based in Denver, CO. For more
information, please visit flowhub.co.
SOURCE Flowhub
Watch the 420
Cannabis Investor video
More Info:
This news is published on the
Investorideas.com Newswire - a global digital news source for investors and
business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news,
articles and equity research as well as creates original content, including
video, interviews and articles. Original content created by investorideas is
protected by copyright laws other than syndication rights. Our site does not
make recommendations for purchases or sale of stocks, services or products.
Nothing on our sites should be construed as an offer or solicitation to buy or
sell products or securities. All investment involves risk and possible loss of
investment. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Contact
each company directly regarding content and press release questions. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional info
regarding BC Residents and global Investors: Effective September 15 2008 - all
BC investors should review all OTC and Pink sheet listed companies for
adherence in new disclosure filings and filing appropriate documents with
Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894.
Global investors must adhere to regulations of each country.
No comments:
Post a Comment