Arcview Forum Palm Beach brought in a crowd of over 100 high net-worth investors who gathered to observe 20 cannabis-related companies competing for investment at the Eau de Palm Beach Resort during the September 19-20 event. The Arcview Investor Network includes more than 600 accredited investor members who have put more than $152 million behind 162 cannabis-related companies. Nine of the companies competed “Shark Tank” style to a panel of judges and investor attendees with the hope of coming out on top and bear the title of most investible concept.
Judges agreed that springBIG, a Boca Raton based company pictured above, was the best. SpringBIG takes home the “Best Pitch” trophy and the $50,000 “Winner’s Fund” award as well (pending due diligence).
SpringBIG is a customer engagement and marketing platform for cannabis dispensaries and brands. Their data-driven approach includes loyalty and rewards, personalized messaging and analytics. The team has extensive experience in the loyalty sector and launched their platform in January of this year.
"We've been working hard to solve some of the marketing and sales challenges that these new cannabis firms are facing. It feels great to know that the true insiders that are placing capital in this space have validated that we are on the right track and are putting their faith in us to deliver the best loyalty marketing and communications solution for this burgeoning industry,” said Jeffrey Harris, CEO of SpringBIG.