Equifund CFP To Help Raise Funds For Cannabis Delivery Service

Equifund CFP is helping tech startup Drop Delivery to raise capital through Regulation Crowdfunding offering.

Equifund CEO Jordan Gillissie is proud Drop Delivery has opted to "open its doors to early-stage investors" by partnering with them.

"America is rapidly shifting toward a 'delivery-first' model, and there is tremendous demand for last-mile delivery solutions today, especially in the cannabis industry," Gillissie said.

Drop Delivery is a Venice, California-based SaaS company providing delivery service to cannabis businesses.

Its delivery management platform is intended to support cannabis retailers by providing them a safe and compliant way to sell their products, collect digital payments as well as manage supply-chain, and collect digital payments.

"The cannabis market is highly regulated, and often a retail cannabis company will have to use three or four different systems to manage their day-to-day business," said Drop CEO and Founder Vanessa Gabriel.

Drop is dedicated to helping companies within cannabis space to handle operations with a "simple, all-in-one platform," added Gabriel.

In addition, it has paved its way during the coronavirus outbreak by offering cannabis retailers much needed help since many of them have been experiencing a drop in sales.

Moreover, in April, Drop has teamed up with digital payment and compliance platform - Alt Thirty Six – to further expand its offer.

Alt Thirty Six is not the only player in expanding field of digital payment solutions. Earlier this month, AeroPay, a financial technology company launched a new suite of digital payment solutions designed for cannabis businesses.

AeroPay's technology enables business-to-business (B2B) and customers-to-business (C2B) transfers by employing so-called "smart bank transfers." 

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