SAN FRANCISCO — Poseidon Investment Management, a leading investment firm in the cannabis industry, announced a strategic partnership between Würk, a leading human capital management company in the cannabis industry, and C15 Solutions, a technology vendor delivering a customized eQMS (electronic Quality Management System) exclusively for the cannabis sector. Würk and C15 Solutions will leverage their expertise to equip businesses with the tools and knowledge required to navigate workforce management and regulatory compliance effectively.
“Collaboration is essential to achieving and sustaining long-term solutions in our rapidly evolving industry,” said Poseidon co-founder and Managing Director Morgan Paxhia. “C15 Solutions and Würk’s partnership reflects our commitment to strengthening the ancillary cannabis network by building connections that fuel industry growth and enhance operational excellence. We look forward to being a teammate to emerging cannabis companies pushing boundaries, fostering innovating, and looking to grow.”
Würk and C15 Solutions possess more than 15 years of combined experience tailoring technology-driven solutions to help businesses navigate the complex regulatory landscape and human capital management needs of the cannabis industry. Operating independently, Würk and C15 Solutions will collaborate to spark scalable growth for clients and improve efficiency. Poseidon, the investment firm backing Würk and C15 Solutions, champions the partnership as it will help elevate industry standards and provide operators with the essential resources needed for long-term success.
Poseidon is a first-mover in the cannabis investment space, deploying capital and resources to a current portfolio of 29 companies. With a diversified strategy covering a range of company stages and industry subsectors, Poseidon has gained unique industry access and created a proprietary deal flow.
About Poseidon
Poseidon is a leading investor in the legal cannabis and hemp industries with over $100 million in assets under management. Poseidon and its affiliates have been active cannabis investors since 2013, deploying capital into nearly 200 businesses across various stages and verticals globally. The company has been actively involved in state and federal initiatives to drive reform in cannabis laws, including a recent judicial challenge to the Raich vs. Gonzalez SCOTUS case in partnership with Boies, Schiller, Flexner LLP.
About Würk
Würk allows cannabis companies to manage payroll, human resources, timekeeping, scheduling, and tax compliance and minimizes compliance risks in the ever-changing cannabis regulatory environment. The company uses its expertise and trusted partnerships to provide guidance on 280E tax law, accounting, and compliant banking. Its platform is designed to scale nationally with the industry’s growth while incorporating the local laws and regulations unique to individual states.
About C15 Solutions
C15 delivers a customized eQMS platform for the cannabis sector to enhance the quality, safety, and consistency of cannabis products while lowering operating costs. The company is a leading tech partner to a global customer base of operators, cultivators, processors, and manufacturers of cannabis products. C15 has a proven track record of reducing the cost of quality for its customers while strictly adhering to all industry jurisdictional regulations.
