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Pistil Data Closes $6.5M Seed Round Led by Casa Verde

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MarTech Cube
Pistil Data Closes $6.5M Seed Round Led by Casa Verde

Pistil Datathe leading cannabis market intelligence platform, announced today it has closed a $6.5M seed round led by Casa Verde, with participation from JW Partners and several Silicon Valley tech entrepreneurs.

Founded by executives from Google and Baker Technologies, Pistil’s unique IP makes vital market intelligence accessible to cannabis brands of all sizes, helping a sector which previously has struggled with the complexity of industry data. Every day, Pistil’s cutting-edge machine learning technology distills billions of data points to deliver sales opportunities to its nearly 100 clients in Colorado and California. The platform’s emergence represents an industry turning point by providing critical information that was previously unavailable to brands.

“When it comes to data, we know there has always been a gap between what cannabis brands need and what has been available to them. Pistil makes order out of chaos, taking the guesswork out of cannabis sales,” says Dr. Jeffrey Graham, PhD, Co-founder and CEO of Pistil. “We are glad to have the support of Casa Verde as we set our sights on making Pistil Data available to every cannabis brand and distributor in North America.”


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