Jay-Z, Poseidon And Headline Help Cannabis Tech Firm Flowhub Raise $19M

Flowhub, the retail point-of-sale platform for cannabis  announced on Tuesday the closing of $19 million in strategic funding, bringing the total amount of capital raised to nearly $50 million with a valuation of over $200 million.

The financing, led by venture firms Headline and Poseidonincluded a personal investment from rapper and entrepreneur Shawn "Jay-Z" Carter.

"We are thrilled to announce this capital raise. Headline is an incredible Silicon Valley-based venture capital firm, Poseidon is a pioneer investor in the cannabis industry and Jay-Z is a cultural and creative global force no matter the industry he is involved in," said Kyle Sherman, …

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