Dama Financial, a provider of access to banking and payment solutions for the cannabis industry, has agreed to acquire Candid AI - a digital e-commerce platform that makes personal product recommendations.
The move comes on the heels of the acquisition of GrowFlow, a seed-to-sale software platform.
Under the deal, Candid will integrate seamlessly with GrowFlow and Dama's retail point of sale (POS) providing consumers access to consistent and accurate online and in-store product recommendations, taking the guesswork out of ordering cannabis.
From banking and payments products and expanding to seed-to-sale and POS software, Dama extends its offerings to e-commerce with Candid AI, allowing all GrowFlow retailers to create customizable, data-driven online menus with an industry-leading consumer recommendation algorithm.
See also: EXCLUSIVE: Dama Financial CEO Discusses Present And Future Cannabis Commerce & Banking
"Together, we offer operators a complete ecosystem, empowering them with tailored solutions from cultivation to POS, integrated payments and loyalty," Nathan Darazio, co-founder of Candid AI said. "Candid's AI-powered budtender in the menu is just the beginning: get ready for the future of hyper-personalized, modern commerce solutions and a whole new way for brands to reach their ideal consumers."
Patrick O'Boyle, CEO of Dama agreed.
"Through the integration of Candid with Dama's comprehensive solutions, we're making it even easier for cannabis businesses to understand their business metrics and flourish," O'Boyle said. "Our goal has always been to simplify things for our clients, letting them concentrate on what they do best: growing their businesses."
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