Genetica, a cannabis technology company, has raised $500,000 in seed funding to develop an AI-powered platform that will make cannabis shopping smarter. The platform will use machine learning algorithms to analyze customer preferences and provide personalized recommendations for cannabis products.
“We’re so lucky to have this incredible roster of strategic investors on hand to enable our expansion across the US and abroad. Their faith in our mission has empowered us to broaden our scope beyond the cannabis sector. Our ultimate goal is to increase revenues and customer loyalty for a diverse range of retailers through data-driven product recommendations and business insights,” said Genetica CEO Ben York.
The funding round was led by a group of investors,Ensemble, CEO of Talent Resources Ventures and Genetica Adviser Michael Heller, Show Me Organics, executives from Hara Supply, and Mitchell Harounian. The cannabis industry is growing rapidly, and with it comes a need for smarter shopping experiences. Genetica’s platform aims to address this need by providing customers with personalized recommendations based on their preferences and past purchases. The platform will also help dispensaries and retailers better understand their customers and improve their inventory management.
The AI-powered platform will use machine learning algorithms to analyze customer data and provide personalized recommendations. The platform will take into account factors such as the customer’s preferred strains, consumption methods, and desired effects. The platform will also analyze data from other customers with similar preferences to provide more accurate recommendations.