Confident Cannabis, a Palo Alto, CA – based cannabis wholesale platform powered by verified lab data, raised $12m in Series A funding.
The round, which brought total funding to over $18m, was led by Poseidon Asset Management, with participation from Bullpen Capital, Y Combinator, Base Ventures, and FJLabs.
The company intends to use the funds to accelerate growth and expand its wholesale platform to new markets.
Co-founded by Co-CEOs Steve Albarran and Tony Lewis and Lead Engineer Miller Aaron, Confident Cannabis provides a wholesale platform that allows users to discover lab-tested products only from licensed, compliant vendors. People can sort and filter thousands of products, all including lab test information, based on cannabinoid profile, terpenes, price, category and lab results, from licensed vendors with live seed-to-sale accounts in a given state, buy products, track orders, manage incoming and outgoing inventory, and manage customer relationships.