CannMenus, a Chicago-based cannabis retail analytics firm, and Nugget, a Canadian cannabis insights provider, have joined forces to further their goal of reshaping the way businesses and consumers interact with cannabis data. The merger consolidates two players within the canna-tech space to create an improved source of retail insights covering more than 90% of all licensed dispensaries across the U.S. and Canada.
"In the highly competitive arena of legal cannabis, the ability to make data-informed decisions remains critical to success. Our core vision has always been to enable businesses and consumers alike to harness the power of real-time data. This merger brings us one step closer to achieving that goal on a widespread scale," said Vib Gupta, CannMenus' Co-Founder and CEO.
"Through this merger, we're harnessing the best from both management teams, unlocking sustained cost efficiencies, and driving long-term growth. I want to extend my appreciation to our dedicated employees, steadfast investors, and our valued clients – whose trust and support have paved the way for this significant milestone," said Darcy McQuaid, former CEO of Nugget and newly appointed CRO of CannMenus.
CannMenus also welcomed David Schachter as the new Chief Strategy Officer of the company. David brings extensive startup and cannabis industry expertise, having previously served as the Head of Sales and Business Development for Sprout CRM (Acquired by Weedmaps).