Equifund CFP To Help Raise Funds For Cannabis Delivery Service

Equifund CFP is helping tech startup Drop Delivery to raise capital through Regulation Crowdfunding offering.

Equifund CEO Jordan Gillissie is proud Drop Delivery has opted to "open its doors to early-stage investors" by partnering with them.

"America is rapidly shifting toward a 'delivery-first' model, and there is tremendous demand for last-mile delivery solutions today, especially in the cannabis industry," Gillissie said.

Drop Delivery is a Venice, California-based SaaS company providing delivery service to cannabis businesses.

Its delivery management platform is intended to support cannabis retailers by providing them a safe and compliant way to sell their products, collect digital payments as well as manage supply-chain, and collect digital payments.

"The cannabis market is highly regulated, and often a retail cannabis company will have to use three or four different systems to manage their day-to-day business," said Drop CEO and Founder Vanessa Gabriel.

Drop is dedicated to helping companies within cannabis space to handle operations with a "simple, all-in-one platform," added Gabriel.

In addition, it has paved its way during the coronavirus outbreak by offering cannabis retailers much needed help since many of them have been experiencing a drop in sales.

Moreover, in April, Drop has teamed up with digital payment and compliance platform - Alt Thirty Six – to further expand its offer.

Alt Thirty Six is not the only player in expanding field of digital payment solutions. Earlier this month, AeroPay, a financial technology company launched a new suite of digital payment solutions designed for cannabis businesses.

AeroPay's technology enables business-to-business (B2B) and customers-to-business (C2B) transfers by employing so-called "smart bank transfers." 

Courtesy photo

Posted In: cannabis industrycannabis salesDigital PaymentsVanessa GabrielCannabisNewsEntrepreneurshipFinancingCrowdsourcingSmall BusinessGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.