Cannabis compliance and financial services company Green Check Verified on Tuesday announced the acquisition of Komplyd, the first compliance-as-a-service platform designed for business applications targeting the cannabis industry.
In a press release, Green Check Verified said the acquisition will enable it “to further integrate with seed-to-sale technologies and more seamlessly connect the supply chain of the plant to the supply chain of commerce,” which the company described as “integral to the future of interstate and international cannabis commerce.”
In a statement, Mike Kennedy, chief strategy officer and co-founder of Green Check Verified, said the partnership will enable “a much deeper level of data connectivity, resulting in an insights-driven, integrated experience” for the cannabis operators using its platform and provide greater value to its marketplace providers and financial institution clients.
Rose Elliott, CEO and co-founder of Komplyd, said the deal “will equip cannabis business leaders with the financial services and technology platforms they need to move the industry forward.”
In April, Green Check Verified closed a $6 million Series A funding round and recently closed on its acquisition of PayQwick. In January, the company launched its cannabis business services marketplace, Green Check Connect.