Cannabis company, after $6M capital raise, makes acquisition

Green Check Verified, a Bonita Springs fintech company focused on the cannabis industry, has acquired Komplyd, a San Jose, California-based cannabis data compliance company. 

Terms of the deal weren’t disclosed.  

Komplyd, according to a statement, is billed as the “first purpose-built compliance-as-a-service platform designed for business applications targeting the cannabis industry.” The acquisition, say Green Check Verified officials, will enable Green Check Verified to further integrate with “seed to sale technologies and more seamlessly connect the supply chain of the plant to the supply chain of commerce, which is integral to the future of interstate and international cannabis commerce.”

“The addition of Komplyd to the Green Check suite will complement the existing data sources within the Green Check platform,” adds Mike Kennedy, Chief Strategy Officer and co-founder of Green Check Verified, in the release. 

Green Check has been busy with other deals and announcements. It recently closed on the acquisition of PayQwick, a cannabis payments and lending firm, and in January it launched a cannabis business services marketplace dubbed Green Check Connect. It also recently closes a $6 million Series A funding round, led by Mendon Venture Partners 

Green Check Verified, founded in 2017 by a team of technology, banking, and regulatory experts, provides technology and advisory services to more than 130 financial institutions and over 4,000 cannabis-related businesses. Green Check Verified was included in the 2023 Forbes Cannabis 42.0 and named one of 50 game-changers in the cannabis industry in the 4th annual The Cannabis 50.