The cannabis data company adds $1.82 million in new investments to keep expanding
More money is constantly being raised for expansion purposes in a fast-growing industry like cannabis. Now it’s Headset’s turn. The provider of data and analytics for the cannabis industry recently announced that $1.825 million had been raised in a funding round that was led by Silverleaf Venture Partners, a private equity investment manager. This extra income will now be used to accelerate growth in legal markets, while also supporting new opportunities in the burgeoning cannabis industry.
For six years now, Headset has prevailed in the market with honors. To this day, it continues to be considered the leader in providing advanced and unmatched analytical services to the growing customer base within cannabis. Many retailers and dispensaries have found a great solution under the services of this company, which has an extension of more than thirty territories with market projections in the US and Canada.
There is no doubt that now, with the new injection of funds, all these future plans can be completed and all parties involved will be enjoying its benefits. “The cannabis industry continues to expand at a significant rate, with new markets legalizing faster than ever before,” said Cy Scott, CEO, and Co-Founder of Headset. “With this new round of capital, Headset can better support these emerging markets while continuing to deliver the innovative analytics Headset is known for.”
“We are thrilled to be investing with the industry’s leading market intelligence platform,” said Douglas Hannah, co-founder of Silverleaf Venture Partners. “Silverleaf’s brand and dispensary partners consistently advised us that Headset’s information was clear and accurate, which gave managers confidence in making key business decisions.”