Ample Organics completes acquisition of Last Call Analytics
Last Call Analytics, a powerful sales data analytics and visualization platform (and until recently, a FirePower portfolio company), has been acquired by Ample Organics, the leading seed-to-sale software solution for the cannabis industry in Canada. Here is the press release:
TORONTO, Jan. 28, 2019 /CNW/ – Ample Organics Inc., the leading seed-to-sale software solution for the cannabis industry in Canada and beyond, is pleased to announce that the company has completed its first acquisition of Last Call Analytics, a powerful sales data analytics and visualization platform.
Last Call Analytics is currently powering some of the largest beverage alcohol companies in the United States and Canada including Breakthru Beverages, Brown Forman, and PMA with easy to use, visual, data-driven insights that increase sales and profitability, identify trends and opportunities, inform decisions, and improve brand and company performance.
“Last Call Analytics has proven to provide tremendous value to retail operations teams, providing in-depth analytics on retail and supply chain data,” said John Prentice, President and CEO of Ample Organics. “As the cannabis industry continues to evolve in Canada, having access to these insights will be critical for any company’s success in the emerging retail distribution model. We look forward to bringing these established and trusted tools to our customers.”
“The Last Call Analytics team is thrilled to join Ample Organics,” said Matt Bannister, Chief Success Officer of Last Call Analytics. “The move is a natural fit for us as the beverage alcohol and cannabis markets offer such close adjacencies in terms of route to market, category analysis, and sales and production planning. As part of the Ample Organics ecosystem, we will be able to continue our aggressive growth trajectory in beverage alcohol and leverage opportunities for collaboration as we expand within both industries.”
“Joining Ample Organics is a huge win for Last Call Analytics customers, the team, and shareholders,” said Anthony Lipschitz, Partner, Private Equity at FirePower Capital. “In Ample Organics, we found shared values with a customer-first focus, a solutions-led approach, and a vision that will support continued growth for all concerned.”
About Ample Organics
Founded in 2014, Ample Organics is adopted by more Canadian licensed producers than any other cannabis software solution. Our team of cannabis industry and technology experts designed the platform to facilitate compliance and transparency while enhancing overall business efficiency and organizational intelligence. The company has grown exponentially and continues to be the most trusted solution for cannabis producers, manufacturers, distributors, physicians, clinics, laboratories, retailers, and educators in Canada.
About Last Call Analytics
Last Call Analytics is a powerful sales data analytics and visualization platform that empowers frontline sales teams and managers to identify opportunities to improve sales and profitability. The platform has become a key tool for retail operations teams in the beverage alcohol industry and, soon, will also be available to the cannabis industry through the Ample Organics platform. Additional details forthcoming.
SOURCE Ample Organics
The link to the original press release is here.
Beverage & Alcohol
Our client was searching for new sources of revenue as it faced increased competition in its core business. FirePower's VMX team identified an attractive new sector, and our client entered it. Largely due to its efforts in that new sector, our client was subsequently acquired at an extremely compelling valuation.