Integration With Point-of-Sale Will Improve the User Experience for Cannabis-Related Businesses Using Green Check Platform

BONITA SPRINGS, FL, May 16, 2023  — Green Check Verified (GCV), the leading fintech provider of compliant cannabis solutions and services to financial institutions, today announced an integration with Alleaves, a provider of point-of-sale, payments and enterprise resource planning (ERP) software solutions to the cannabis industry.

This point-of-sale (POS) integration will improve the user experience of cannabis-related businesses (CRBs) utilizing GCV’s platform, ensuring CRBs no longer have to format spreadsheets and manually upload their sales data to meet banking compliance regulations. With this integration, the data from a CRB sale – including details on the sale, non-personal Identifiable Information (PII) information for the customer, and other required data for compliance purposes – will automatically flow into the GCV platform/software.

“At Green Check, we’re always looking for ways to make the lives of legal cannabis operators easier, while ensuring compliance with state and federal laws and regulations,” said Kevin Hart, CEO of Green Check Verified. “This integration will empower our cannabis customers utilizing Alleaves to focus more time and energy on growing their businesses, and less time on the administrative work that often comes with running the business.”

Users who leverage the Green Check/Alleaves integration see greater efficiency and less time expended on formatting and uploading data necessary for their compliant banking obligations.  Turning “on” the integration is easy. Altogether, it takes fewer than five minutes for a CRB to integrate their POS with GCV.

“Alleaves is pleased to come together with Green Check to further our mission for providing the most outstanding cannabis tech product on the market,” said Mike Beedles, co-founder, and CEO of Alleaves. “Our clients asked for it and we moved swiftly to implement this verification to ensure customers have access to industry-leading compliance and security. This furthers our dedication to putting compliance at the forefront of what we do.”

Green Check’s integration with Alleaves is available to any cannabis operator currently on the Green Check platform today, as well as any new cannabis operators who sign up for banking via the Green Check marketplace, called Green Check Connect.

About Green Check Verified

Green Check Verified (GCV) is modernizing the way cannabis businesses and financial institutions work together. Founded in 2017 by a team of technology, banking, and regulatory experts, GCV provides industry-leading cannabis technology and advisory services to more U.S. financial institutions than any firm in the industry. Green Check Verified was named one of 50 game-changers in the cannabis industry in the 4th annual The Cannabis 50. It has been repeatedly recognized as Top Compliance Company and Top Compliance Leader at the PBC Awards, the premier cannabis industry honors. It also was named as one of the top three Best Places to Work in Fintech in 2022 by American Banker. To learn more about Green Check Verified, visit www.greencheckverified.com and follow it on LinkedIn.

About Alleaves

Alleaves was founded with a knowledge of cannabis cultivation, manufacturing, and sale embedded in the company’s culture. Our ultimate goal is to optimize your unique cannabis journey with a top-of-the-line ERP platform, focusing on the flexibility to choose when and where you need us and a cohesive system that will improve your business operations. Our mission is supported and propelled by a focus on providing cannabis innovators with four things: Control, Cohesion, Clarity, and Compliance. For further information about Alleaves services, visit www.alleaves.com.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

NEWTOWN, PA and DEERFIELD BEACH, FL, Feb. 13, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — Forian Inc. (Nasdaq: FORA), a provider of technology, analytics and data science driven solutions, today announced the sale of Forian’s cannabis software subsidiary, Bio-Tech Medical Software, Inc. (d/b/a BioTrack), to Alleaves, Inc., a provider of ERP software solutions to the cannabis industry, effective February 10, 2023, for a total purchase price of $30 million in cash, comprised of $20 million paid at closing and $10 million paid in twelve required equal monthly installments, subject to any working capital adjustments. Forian will retain a license to certain cannabinoid-based data to enhance its healthcare information offerings. As a result of the transaction, Forian will focus on its healthcare information business and will no longer provide software solutions to the cannabis industry.

“This transaction allows us to focus our efforts on our healthcare information business, which has been the key driver of our growth to date and will further accelerate our path to positive Adjusted EBITDA,” said Max Wygod, Executive Chairman of Forian.

The acquisition by Alleaves adds industry leading point of sale and traceability platforms within the cannabis industry, including BioTrack and Cannalytics^®, to the Alleaves offering suite.

“The addition of BioTrack and Cannalytics will accelerate our mission to provide top-of-the-line ERP solutions to the cannabis industry,” said Mike Beedles, Founder of Alleaves. “I’m especially encouraged for our current and future clients who will benefit from having access to two leading cannabis software organizations, both of which are dedicated to our customers’ need for improved control, cohesion, clarity and compliance in this vast and evolving industry.”

Simultaneous with the transaction, Daniel Barton stepped down as Chief Executive Officer and President of Forian effective February 10, 2023. Max Wygod, Forian’s co-founder and Executive Chairman, has been appointed Interim Chief Executive Officer and President. “On behalf of the Board, I want to thank Dan for his dedication to and leadership of Forian,” commented Max Wygod.

About Forian

Forian Inc. provides a unique suite of data management capabilities and proprietary data and analytics to optimize and measure operational, clinical and financial performance for customers within the traditional and emerging life sciences, healthcare payer and provider segments. For more information, please visit Forian’s website at www.forian.com.

About Alleaves

Alleaves was founded with a knowledge of cannabis cultivation, manufacturing, and sale embedded in the company’s culture. Its ultimate goal is to optimize the unique complexity of the cannabis journey affecting its operator customers, with a top-of-the-line ERP platform, focusing on the flexibility for customers to choose elements of its cohesive system designed to improve cannabis operator business operations. For more information, please visit Alleaves’ website at www.alleaves.com.

Cautionary Statements Regarding Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions and variations or negatives of these words. Forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond the control of Forian, and are not guarantees of future results, such as statements about the anticipated benefits of the transaction announced, future financial and operating results, company strategy and intended product offerings and market positioning. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, those risks and uncertainties associated with: the impact of the COVID-19 pandemic on Forian’s business, operations, strategy and goals; Forian’s ability to execute on its strategy; the timing of the introduction of new product offerings; and the additional risks and uncertainties set forth more fully under the caption “Risk Factors” in Forian’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on March 31, 2022, and elsewhere in Forian’s filings and reports with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof, and Forian undertakes no duty to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.

Forian Media and Investor Contact:
forian.com/investors
[email protected]
267-225-6263

Alleaves Media Contact:
Michael Alfonso
[email protected]
321-987-9018

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.