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JAY-Z Invests $19M In Cannabis Company Flowhub

 


Shawn Corey Carter professionally known as Jay-Z made a million moves in the marijuana industry, he is investing $19 million for Flowhub.


Flowhub a cannabis dispensaries process payment  raised a sum of $50 With the extra money, the company plans to accelerate expansion into emerging markets, while further developing its products and growing its social equity program.


Jay-z said , I’m a business, man,’ it’s true,” Flowhub founder and CEO Kyle Sherman told Forbes. “He’s got incredible business acumen—he really knows how to surround himself with brilliant people and build great companies.


Flowhub was established in 2015 with over 60 years of industry experience, Flowhub processes more than $3 billion annual sales for more than 1,000 businesses across 14 states.


Sherman said, “We are thrilled to announce this capital raise. Headline is an incredible Silicon Valley-based venture capital firm, Poseidon is a pioneer investor in the cannabis industry and JAY-Z is a cultural and creative global force no matter the industry he is involved in.


“I couldn’t think of a better group to be working with as we take this company to the next stage. This funding not only underscores the significant value that Flowhub provides to our customers, but also the maturation of the cannabis industry at large. We remain committed to developing innovative products that help our retail customers run better businesses.”