NEW YORK – Merida Capital Holdings, a equity that is private targeting fundamental growth drivers within the cannabis and hemp industries, today announced the graduation of High Road, an online cannabis marketplace and delivery service, from incubation to a full-fledged Series A-funded portfolio company.
High Road, founded by Jennifer Snowden, launched in June of 2020 as a result of the industry that is inclusive“i2”) Accelerator, a company development system for minority and female-owned organizations into the appropriate cannabis and hemp industry. The accelerator system had been facilitated by Merida Capital Holdings additionally the Minority Cannabis Company Association (“MCBA”). Tall path received $100K to development that is fast-track has now transitioned from incubation to activation providing a safe, convenient, and fully compliant delivery experience for dispensary partners and consumers across the mid-Atlantic.
Merida and the MCBA evaluated more than 100 applicants before selecting five promising young companies to receive access to Merida’s executive mentorship and capital that is critical. Tall path had been certainly one of five companies that are initial.
High Road’s technology platform and last-mile logistics make it a delivery solution that is uniquely turn-key. Its pc software features a custom mobile and web software, permitting consumers access that is instant the delivery marketplace and dispensaries to easily manage orders, streamline operations, and increase brand exposure. This model proved especially effective as orders surged in 2020, with consumers home that is staying to Covid-19. December product sales were up 24 % from November, and tall path is seeing 78 % perform client sales into the year that is newThirty-three states allow cannabis deliveries, but only five states have an delivery that is active, most of that are regarding the western Coast,” claims Snowden. “At High Road, we’re primarily centered on the underserved East Coast areas. Our clients can simply browse, store, pay, review, and track instructions through our app that is mobile or – all from the comfort of their home. Our priority is to provide opportunities for participants that might not have access or clout that is political to acquire cultivation or retail licenses.”
“We first launched the program that is i2 accelerate the development of minority and women-owned businesses within the cannabis ecosystem and couldn’t be prouder of the speed at which High Road has progressed,” says Mitch Baruchowitz, Managing Partner at Merida Capital Holdings. “Since joining the program that is i2 tall path has developed into a premier distribution solution into the mid-Atlantic and a leader in a crucial straight in the cannabis industry. In change, Tall Path has supplied a lot more possibilities for females and minorities, that will be exactly what the i2 System had been designed for.”
About Tall Road
High Road established in June 2020 and thinks in producing safe and cannabis that are easy for all. The brand is committed to providing on-demand delivery services to cannabis consumers as an all-in-one solution to cannabis delivery. Tall path presently runs over the mid-Atlantic and lovers with top dispensaries to give you pc software tools and a delivery that is dedicated to facilitate and execute deliveries. To learn more about High Road, visit www.highroaddelivery.com.
About Merida Capital Holdings
Merida Capital Holdings is a equity that is private focusing on fundamental development motorists which accelerate the quick growth of the cannabis and hemp companies. Merida’s motto, accountable Investing within the Cannabis Ecosystem, highlights its focus on governance while determining leading cultivation technologies, products from the development of cannabis and hemp as agricultural items, plant-based medications, constituents in pharmaceutical formulations and leisure customer items. To find out more, please visit* that is www.meridacap.com(