Private Investment Firm to Lead Series A Funding Round Focused on Facilitating Alt Thirty Six’s Rapid Expansion and Technical Capabilities
TEMPE, Ariz., April 23, 2019 /PRNewswire/ — Alt Thirty Six, a first-of-its-kind digital payment and compliance platform designed to help the cannabis industry go cashless, announces $10 million in Series A funding to help accelerate company growth and enhance development capabilities. The round was led by a private equity firm to support Alt Thirty Six‘s digital payment solution.
The company’s innovative platform eliminates the need for cash in the cannabis industry by using blockchain technology and Dash, a decentralized digital asset, to facilitate the transfer of funds at dispensaries and cannabis businesses.
Alt Thirty Six will use the funding to further drive company expansion, advance the platform’s technical functions and abilities, expand proper licensing in target states across the U.S., while maintaining focus on compliance and regulation. Ultimately, the capital will be used to help Alt Thirty Six achieve mass consumer adoption throughout the cannabis industry……..
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Author: Alt Thirty Six
Original link: https://www.prnewswire.com/news-releases/alt-thirty-six-secures-10-million-in-series-a-funding-for-cannabis-payment-solution-platform-300833977.html?tc=eml_cleartime