StaffMarch 18, 2021
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.
