Headset, a Seattle, WA-based provider of data and analytics to the cannabis industry, raised $12.1m in Series A financing.
The round was led by Poseidon Asset Management and AFI Capital Partners, with participation from Canopy Rivers Inc. (TSXV: RIV), and another prominent cannabis-focused investment firm. In conjunction with this financing, Emily Paxhia of Poseidon and Nico Richardson of AFI will be joining Headset’s board of directors.
The company intends to use the funds to:
– improve current products and services;
– expand its offerings to additional U.S. states and international markets;
– support its partnerships and strategic alliances;
– serve new customers from the consumer packaged goods, beverage/alcohol, and financial industries, who are taking an increased interest in cannabis.
Led by Cy Scott, CEO and Co-founder, Headset is a cannabis data and analytics provider, which allows users to turn retail sales data into real-time market insights.
Clients benefit from up-to-the-minute data on sales trends, emerging sectors, hot products, pricing, and more, to streamline their operations.