Drop Delivery Archives - Green Market Report

StaffMarch 18, 2021
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3min21300

Drop Delivery, a technology company that offers cannabis businesses all-in-one delivery solutions, today launched the formation of its advisory board and announced Jessica Billingsley, Kristin Jordan and Cynthia Salarizadeh as its co-founding members. All three are well-known in the cannabis space for creating some of the biggest companies and brands in the space, including MJ Freeway, Akerna and House of Saka.

“These women are world-class experts and thought-leaders in cannabis and bring tremendous understanding on how to build and scale a successful and profitable business in this space,” said Drop Delivery CEO Vanessa Gabriel. “We look forward to their contributions as Drop Delivery continues to advance our suite of technologies for both cannabis delivery and retail businesses across the U.S.”

“Drop’s extraordinary growth over the last year is a testament to the need for an all-in-one technology solution for cannabis retailers,” says Billingsley, CEO of Akerna (Nasdaq: KERN), an enterprise software company focused on compliantly serving the cannabis, hemp, and CBD industries. “I look forward to helping the company build on this strong foundation as it expands throughout the U.S. and continues to add critical capabilities to its suite of technologies.”

The move comes after Drop’s significant growth in Q1 2021 compared to Q1 2020, which saw both the company’s customer base and revenue expand by almost 300%.

Additionally, earlier this week, Drop announced a completed Regulation Crowdfunding (Reg-CF) offering through Equifund, a private market investment platform that delivers vetted, early-stage opportunities. Drop is one of three Issuers accepted last year by Equifund to host Reg-CF offerings on its platform and became the fastest offering to hit $1 million on the platform.


StaffOctober 13, 2020
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2min33270

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.


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