BDS Analytics, a Boulder, Colo.-based cannabis industry’s provider of comprehensive, actionable, and accurate market intelligence and consumer research, raised $750k in Series B funding.
CanopyVentures, a venture capital firm investing in companies providing value throughout the legal cannabis supply chain, made the investment, through Canopy Ventures I, its $50 million venture fund targeting growth stage companies.
The company intends to use the funds to expand its business reach.
Led by Roy Bingham, CEO, BDS Analytics provides businesses with comprehensive, actionable, and accurate cannabis market intelligence and consumer research. The company provides a holistic understanding of the cannabis market by producing insights from dispensary point-of-sale systems through its GreenEdgeTM platform, driving consumer research with its Cannabis Insights Group, and generating market-wide cannabis industry financial projections.