Happy Cabbage Analytics Announces Oversubscribed Strategic Funding Round and Launch of Cannabis Retail Optimization Platform

Copyright 2022 PR Newswire. All rights reserved

SAN FRANCISCO, November 14, 2022 /PRNewswire/ — Good cabbage analysis, an integrated cannabis retail analytics company, welcomes new strategic investors Merida Capital Partners, Poseidon Asset Management and GreenAxs Capital with the close of its oversubscribed funding round. Delta Emerald Ventures, responsible for Series Seed, was a key investor, and the company received funding from Emerging Ventures Fund, Ensemble Brands, Hilltop Ventures and existing investors West Creek Investments, Yaax Capital and Silverleaf Venture Partners.

“Happy Cabbage brings essential data science to the continued evolution of the cannabis industry. Andrew and his team have uniquely positioned themselves as the leading experts in retail optimization by facilitating sales growth of their customers in a highly competitive, capital-constrained environment – that’s no small feat,” said Patrick ReaCEO of Poseidon Garden Ventures.

Founded in 2019 with the launch of its text marketing tool, PolarisHappy Cabbage quickly iterated on products to address critical business functions for cannabis retailers, including the launch of its predictive inventory assistant tool Dawnstar in early Q4 2022. The Company is also launching the cannabis industry’s first Retail Optimization Platform, a suite of products designed for cannabis retailers to drive more sales and reduce expenses. tedious.

“We are focused on helping operators generate profitable growth. We hear countless stories from the front line – operators are either trying to increase returns or just trying to survive. There are many reporting tools out there on the market, but none actually enable operators to make better decisions in real time. Empowering cannabis retailers to optimize both spend and performance will help them not only survive, but also thrive,” says the CEO Andrew Watson.

The company plans to invest the round in strategic partnerships, continued product expansion and expanding its geographic footprint, having launched five new states in 2022.

“Data science is essential for sustainable revenue growth and efficient cost structures in the cannabis industry, and we believe Happy Cabbage is poised for strong growth over the next few years. Our continued investment underscores our confidence in the team to execute this vision,” added Ian Dominguezportfolio manager for Delta Emerald Ventures.

Contact: Matt Dell[email protected]

Quote Show original content to download multimedia:https://www.prnewswire.com/news-releases/happy-cabbage-analytics-announces-oversubscribed-strategic-financing-round-and-launch-of-cannabis-retail-optimization-platform-301677140.html

SOURCE Happy Cabbage Analysis


Comments are closed.