This Cannabis Software Co. Secured $6M In A Tight Investment Market, Here’s How
San Francisco-based Distru, a cannabis ERP platform, has closed a successful $6 million Series A funding round. The funding, led and announced by Poseidon Investment Management, with additional backing from Global Founders Capital, will accelerate Distru’s mission to become the go-to platform for cannabis operators across the United States.
Distru has already seen impressive momentum in the cannabis industry, serving operators across 25 states and processing over $2 billion in Gross Merchandise Value (GMV) annually.
The platform streamlines key business operations such as compliance, inventory management, order workflows, and data-driven decision-making. This has made Distru an essential tool for cannabis businesses seeking to enhance efficiency while staying compliant in a highly regulated market.
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Blaine Hatab, co-founder and CEO of Distru, noted “2024 has been a remarkable year for Distru, marked by efficient growth, achieving strong profitability, and significant product expansion.”
Hatab highlighted recent integrations with major players in …