EXCLUSIVE: Cannabis Data Firm Hoodie Analytics Secures $5M Funding With Large Institutional Backers
Cannabis technology and market insights provider Hoodie Analytics has successfully closed a $5 million Series A funding round, Benzinga Cannabis has learned exclusively ahead of an official announcement. The funding will be instrumental in expanding its newly launched platform, which delivers comprehensive market insights and product data management specifically tailored for the cannabis industry.
The financing round, led by Measure 8 Partners, included participation from Entourage Effect Capital (EEC) and Satori Investors, with an additional $1 million earmarked for a follow-on raise.
Investor Confidence And Strategic Growth
Early backers in this series A round included Greenlight Investors and OlsonUbben, led by Tony Olson, founder and chairman of SPINS, a provider of wellness-focused data and analytics for the CPG …