M&A

Global Go Acquires Leading Cannabis Risk Management Platform

Deal for Adherence Compliance adds recurring SaaS revenue and reach to leading cannabis consulting firm’s services portfolio.

Published

1 year ago

April 23, 2023

Damon Poeter

Leading cannabis and hemp consulting firm Global Go last week announced the acquisition of certain assets of Adherence Compliance, a cannabis risk management and compliance Software-as-a-Service (SaaS) platform developer.

Adherence, based in Denver, CO, serves governments, financial institutions and enterprise cannabis clients with cannabis-focused SaaS solutions. The acquisition is expected to strengthen Palm Springs, CA-based Global Go’s services platform by extending into new verticals and SaaS recurring revenue, the company said in a statement.

“We are pleased to announce the addition of Adherence, which will allow Global Go to expand into cannabis and hemp risk management, government contracts and financial services clients. Adherence’s strong background in software development and application management will complement existing Global Go Services,” Global Go partner Phil Valvardi said.

Adherence founder and CEO Steve Owens will join Global Go as a partner and will be the president of the newly formed division Global Go Cloud.

“Adherence is thrilled to be integrated into Global Go. The acquisition will provide our leading risk management and compliance SaaS platform global exposure. Global Go has a strong track record of success. We look forward to joining the diverse team of Global Go to strengthen our service and application offerings,” Owens said.

Global Go founder and managing partner of Zuber Lawler Tom Zuber added that Owens and Adherence had “built an incredibly effective and efficient SaaS system tailored to the risk management and compliance needs of cannabis companies.”

“Global Go is delighted to add Adherence’s cloud platform to its suite of services. We’re exceedingly excited to work with [Owens] to bring Adherence to the far reaches of the legalized cannabis world,” Zuber said.

FULL DISCLOSURE: Global Go and Zuber Lawler are founding partners of Global Cannabis Times.

Related Topics:Adherence Cannabis compliance Global Go Hemp Latest News Top risk management SaaS Services Zuber Lawler

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Damon Poeter

Damon Poeter is the editor-in-chief of Global Cannabis Times, produced by SmartWork Media. Damon has had a decades-long career in journalism and publishing, including stints at PCMag.com, Venture Beat, Extreme Tech, Ziff Davis, United Business Media, The Nation, the San Francisco Chronicle, Japan Times and the Gilroy Dispatch.

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