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Fyllo, a digital marketing company focused on the cannabis industry, has acquired CannaRegs, a website offering subscription access to state and municipal cannabis regulations. Fyllo founder and CEO Chad Bronstein (pictured above) said his company paid $10 million in cash and stock.
Bronstein previously served as chief revenue officer at digital marketing company Amobee, and he told me that the two companies are “very complementary,” particularly since regulations and compliance present “a unique technical challenge” when it comes to advertising cannabis products.
Goal - Fyllo - Compliance - Service - Intelligence
Ultimately, his goal is for Fyllo to offer “compliance as a service,” with artificial intelligence helping brands and publishers ensure that all their cannabis advertising follows local laws. At the same time, Bronstein said Fyllo will continue to support CannaRegs’ 150-plus customers (mostly law firms, real estate professionals and cannabis operators) and work...
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