Drop Delivery, the all-in-one cannabis delivery management solution, raises $1M through equity crowdfunding.
The Drop Delivery platform offers advanced technology that empowers cannabis retailers with their white-labeled mobile app, a dashboard to manage inventory, dispatch and driver logistics, automated marketing tools, and a built-in digital loyalty program.
“We are extremely excited to have raised capital through equity crowdfunding,” said Drop Delivery’s CEO, Vanessa Gabriel. “We have always wanted to offer the opportunity for people to join us on this journey. This route was a better fit for us than traditional capital. “
Drop Delivery was the first company to raise $1 million on the crowdfunding platform Equifund. Funds from this round will be used for product development, accelerate sales efforts, and fuel expansion into new markets in 2021.
Equity crowdfunding has been fully legal since 2016, and it allows a business to secure capital from unaccredited investors in the United States. Like with any investment, crowdfunding is a risk, but those who provide capital can stand to profit if the business succeeds.
Drop Delivery is the first all-in-one delivery management platform designed to help cannabis retailers safely – and compliantly – sell cannabis products, collect digital payments, handle supply chain management, and manage last-mile delivery. It provides retail cannabis companies with a fully branded solution to grow their business and re-engage customers.