MariMed completes investment in cannabis-focused CRM platform Sprout
Cannabis company MariMed Inc (OTCQB: MRMD) has completed its investment in Sprout, a customer relations manager and marketing software company for the cannabis industry.
Sprout’s software is designed with cannabis brands in mind, using data to increase sales, boost customer loyalty and expand the reach of the company.
MariMed operates cannabis facilities across multiple states, including its home base in Massachusetts, as well as Delaware and Nevada.
READ: Namaste Technologies gets first-of-its-kind medical cannabis license from Health Canada
MariMed plans to grow Sprout’s client list through its connections with US dispensaries and cannabis companies.
“This important investment enables Sprout to ramp up marketing efforts and expand our team to accelerate growth into new states and countries and build a global network of cannabis retailers,” said Sprout CEO Jaret Christopher in the company’s press release.
Shares of MariMed rose 3.5% to $3.80 by Thursday’s close.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/205995/marimed-completes-investment-in-cannabis-focused-crm-platform-sprout-205995.html
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