Distru Secures $6 Million Series A to Expand Cannabis ERP Leadership

LOS ANGELES- Distru, a enterprise resource planning (ERP) platform serving the cannabis industry, has successfully secured $6 million in a Series A funding round led by Poseidon Investment Management. This strategic investment aims to bolster Distru’s expansion efforts and enhance its suite of products, reinforcing its position as a leading system-of-record for cannabis operators.

Since its previous funding round, which included contributions from Felicis Ventures, Elad Gil, and Avichal Garg, Distru has experienced significant growth. The platform now operates across 25 states, processing over $2 billion in gross merchandise value annually. It has become an indispensable tool for cannabis businesses by simplifying compliance and inventory management, automating order workflows, and providing actionable insights through advanced analytics.

In 2024, Distru achieved strong profitability and expanded its product offerings through integrations with Metrc Connect, Dutchie, Treez, Blaze, and Leaflink. The recent funding will facilitate the company’s expansion into 11 additional states, including New York, through its Biotrack integration. By consolidating key operational tools into a unified ERP platform, Distru aims to streamline operations, maintain regulatory compliance, and support sustainable growth for cannabis businesses in a complex and evolving market.

Poseidon Investment Management, recognized for its pioneering investments in the cannabis industry, has a history of supporting technology companies that drive critical infrastructure within the sector. Morgan Paxhia of Poseidon noted, “Distru’s clear focus on supporting cannabis operators’ success and compliance, coupled with a robust and scalable platform, aligns with our commitment to backing transformative solutions in the sector.”

With this infusion of capital, Distru is well-positioned to further its vision of becoming an end-to-end platform for the cannabis supply chain, driving digital transformation across cultivation, distribution, and retail. The company’s commitment to operational excellence and industry-specific innovation continues to make it the ERP of choice for forward-thinking businesses within the cannabis industry.