Green Check Verified (GCV), a fintech provider of compliant cannabis banking solutions and business services, has acquired Komplyd, a compliance-as-a-service platform designed for business applications targeting the cannabis industry.
The acquisition will enable Green Check Verified to further integrate with seed to sale (S2S) 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,” said Mike Kennedy, Chief Strategy Officer and co-founder of Green Check Verified. “Partnering with Komplyd enables a much deeper level of data connectivity, resulting in an insights-driven, integrated experience for the cannabis operators on our platform and providing greater value to our marketplace providers and financial institution clients.”
This latest news follows Green Check’s recent close of the acquisition of PayQwick, which has been successfully servicing underbanked cannabis businesses with payments and lending since 2015, and the January 2023 launch of Green Check’s cannabis business services marketplace, Green Check Connect.
“Together, Komplyd within Green Check Verified will equip cannabis business leaders with the financial services and technology platforms they need to move the industry forward,” said Rose Elliott, CEO and co-founder of Komplyd. “We’re proud to join the Green Check Verified family and marry our core data and technology capabilities with Green Check’s existing ecosystem in the cannabis space.”
This agreement comes amid a number of other recent Green Check Verified developments, including a $6 million Series A funding round led by Mendon Venture Partners and recognition on Forbes Cannabis 42.0 list in April of this year.