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Emerald Organic Secures $20 Million For Facial Recognition Vending Machines

Mar 09, 2020

Emerald Organic Products, Inc., a diversified health sciences company, which includes cannabidiol-focused products, has signed an agreement whereby Alliance Funding Group extends a $20 million sales finances line to fuel commercialization and growth of Emerald Organic's proprietary facial recognition vending machines, according to a press release.

"We are excited to partner with Emerald as they execute on their go-to-market strategy with their tech enabled vending solutions," Brij Patel, President of Alliance, said in the press release. "We've partnered with various early stage OEMs to provide a competitive leasing solution to help them gain market share and are truly excited about what we can do with Emerald moving forward."

The combination of growth in CBD and the introduction of this equipment extends opportunities for partnerships that can further the access to health and wellness products around the world, the press release said.