Lucid Green Raises $10M to Power the First Intelligent Cannabis UPC Platform
NEW YORK — Lucid Green — the intelligent UPC platform transforming the entire cannabis supply chain — today announced its $10 million Series B funding round led by Gron Ventures , with participation by Gotham Green Partners . Lucid Green also announced three new pricing levels for brands, with varying levels of support to accommodate businesses of all sizes. With Lucid Green, brands, retailers, distributors and consumers realize the benefits of a streamlined cannabis supply chain — one that allows for dynamic information sharing, reduces costs, and increases transparency and trust for all stakeholders. The cannabis industry’s status quo in the supply chain is failing every stakeholder involved: Retailers face challenges with inaccurate product information, inefficient cycle counting, sporadic Certificate of Analysis (COA) compliance and secondary stickering. Manual inventory management is also time consuming, expensive and prone to errors. Brands experience increased...