Cannabis data and analytics provider Headset hit a milestone of processing $50 billion in data since its inception in 2015.
Having ingested data pertaining to 2.8 billion units, 970 million transactions, 95 million customer records and 61 million distinct SKUs, Headset holds the distinction of possessing more market intelligence data than any other company in the cannabis industry category, the company said on Thursday.
Cy Scott, CEO and co-founder of Headset, praised the landmark achievement.
"Reaching $50 billion in processed data is not just a number—it's a testament to the trust placed in us by the over five thousand retailer partners and the relentless innovation of our team," Scott said. "Each transaction, each SKU, represents a story of growth and understanding in the burgeoning cannabis industry. Our vision was never just about data aggregation; it was about providing a compass in an uncharted market. This milestone underscores our commitment and excitement for the future as we continue to illuminate the path for our partners and the industry at large."
Founded in 2015, Headset strives to help operators make more informed business decisions through data.
The company said it has achieved this goal by developing innovative business solutions focused on aggregating data from thousands of retail and dispensary reporting sources across the U.S. and Canada. It does this in real-time to help industry operators, consumer packaged goods companies, financial institutions and government agencies identify opportunities, stay ahead of product trends, and navigate the cannabis industry efficiently.
Headset's suite of business tools features lineup of advanced analysis technology and direct point-of-sale integrations.
Now read: EXCLUSIVE: Headset Expands Access To Real-Time Cannabis Market Insights In Two More States
Experts believe cannabis stocks have found their floor and are now poised for unprecedented growth.
Join Benzinga PotProfits. Our in-house canna stock expert, Michael Berger, is on a mission to uncover the most promising cannabis stocks poised for growth, even in a dull market. He leaves no bud unturned to bring you the juiciest potential double-digit opportunities!
Just this year, the PotProfits portfolio has seen smoking-hot gains like:
- 47.10% with $GTBIF
- 40.23% with $TCNNF
- 21.50% with $VFF
Photo: Courtesy of Kindel Media by Pexels
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!