Cannapreneur Partners Portfolio Company with the Cannabis Industry’s First AI-Powered Solution Makes Historic Launch in Colorado Dispensaries
Cannabis Industry’s First AI-Powered Solution to Bring Time-Saving and Convenient
Self-Checkout Solutions to Cannabis Retailers in Colorado
WESTBOROUGH, Mass., August 24, 2020 — Cannapreneur Partners (Cannapreneur), a leading cannabis investment firm specializing in early-stage startups, announced one of its portfolio companies, anna, has launched the cannabis industry’s first AI-powered, time-saving self-checkout solution for cannabis retailers in Colorado dispensaries. Earlier this year, Cannapreneur made a significant investment in anna that was used to help accelerate the company’s sales and expansion into new markets across the U.S.
anna’s technology is created to uphold the expectations of consumers and retailers while modernizing the cannabis purchasing experience. Designed to meet specific industry needs, the hardware is akin to the self-checkout second at a local grocer, but with several high-tech benefits, including anna’s integration with existing retailer technologies, contactless payment and dispensing, and streamlined transactions through the anna.app.
Customers can browse in-store using anna’s touchscreen interface or ulize online ordering by scanning their QR code upon arrival, keeping the checkout process to under a minute. This allows dispensaries and CBD retailers to service customers while adhering to today’s social distancing guidelines.
“By bringing self-checkouts to dispensaries, we will help fastrack cannabis’ normalization and change the retail landscape by bringing more user-friendly technologies to today’s cannabis consumers and entrepreneurs that save time and money,” said Matt Frost, founder and CEO of anna.
“Our original investment in anna validates our belief in the company, its proprietary IP and leadership team’s ability to execute,” said Michael Scott, co-CEO of Cannapreneur Partners. “The retail landscape is shifting and the business landscape is also becoming more competitive. anna’s technologies will enable dispensaries to efficiently service more customers while saving time and minimizing face-to-face contact for consumers during the ongoing global pandemic. That’s a win-win for business owners and consumers. As we continue to deploy capital, we look forward to placing smart bets on more innovative businesses like anna that are well positioned to enable growth across the cannabis sector’s ecosystem.”
The executive team, who makeup Cannapreneur Partners, has already raised and deployed more than $80M in the cannabis space through various ventures. The firm has stakes in a wide range of cannabis consumer and technology companies including: anna, the first AI-powered self-checkout solution designed to meet the specific needs of cannabis retailers; Nature’s Remedy, a retail storefront in Mass. focused on redefining the cannabis industry; GroIQ, a robust seed-to-sale software that helps producers lower operating costs while improving strain quality and consistency; and others.
About Cannapreneur Partners
Headquartered in Westborough, Mass., Cannapreneur Partners (Cannapreneur) is a cannabis holding company with a team of excellence-driven professionals that have the passion and drive to help entrepreneurs attain success while guiding investors to make more educated decisions and thoughtfully place capital in the cannabis space. Cannapreneur Partners has extensive experience in dealing with early stage cannabis startups and can be a valuable resource for large and small private investors, family offices, and private equity groups. A core investment thesis of Cannaprenuer focuses on retail dispensaries and enhancing the consumer buying experience. For more information, visit https://cannapreneurpartners.com/.
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