Marijuana software company Distru raised $6 million in a Series A funding round led by Poseidon Investment Management.
The funding will be used to expand Oakland, California-based Distru’s product offerings, enhance compliance inventory, integration and order-management capabilities, according to a news release.
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The raise also will enable the company to expand its integration with Florida-headquartered seed-to-sale provider BioTrack integration into 11 additional states, including New York.
Distru has achieved strong profitability and product expansion through integrations with Blaze, Dutchie, LeafLink, Metrc Connect and Treez, according to Blain Hatab, the company’s co-founder and CEO.
The company’s enterprise resource planning (ERP) platform serves cannabis operators in 25 states and processes more than $2 billion in gross merchandise value annually, the release noted.
“We are advancing
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