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düber Technologies Inc. Secures Funding for 15 Distribution Centers with $50 Million Agreement with Vacone Real Estate

Software-as-a-service provider takes steps to expand its leadership position in the cannabis market by master leasing 400,000 square feet of distribution space in key locations across the U.S.

News provided by düber Technologies Inc.
September 28, 2017 17:40 KST

SEATTLE--(Business Wire / Korea Newswire) September 28, 2017 -- düber Technologies Inc., a software-as-a-service (SaaS) provider serving the cannabis industry, today announced it has signed a $50 million funding agreement with Vacone Real Estate for the acquisition, fit out and master lease for 15 cannabis distribution centers in Washington, Oregon, California, Nevada and Arizona.

The deal will allow düber to expand operations to include 400,000 square feet of distribution space that will form the basis of the düber unified distribution technology platform.

“At düber, we see an unmet market opportunity for cannabis producers, processors and retailers in key parts of the country,” said Glenn Ballman, founder of düber. “This expansion will allow us to serve our distribution and courier partners while continuing to expand our integrated, omnichannel, real-time platform to partners and consumers in key markets in the cannabis industry.”

Vacone Real Estate is a diversified real estate company, headquartered in Anaheim, California with offices in Phoenix, Arizona and more than 1 million square feet under ownership including industrial, multi-family residential, restaurant and bar space.

“We see the growth and opportunity within the cannabis industry as unprecedented,” said Brandon Rainone, president at Vacone Real Estate. “We welcomed the opportunity to work with düber, as we believe in the vision they have for the future of the industry, their technology platform and their commitment to helping small and medium cannabis companies succeed.”

About düber Technologies Inc.

Headquartered in Seattle, WA, düber Technologies Inc. is a software-as-a-service (SaaS) provider serving the cannabis industry. düber’s mission is to help small companies compete with large corporations through superior technology. The company currently provides customers with online ordering, self-serve systems, global product search, digital signage and advertising products and has plans to launch several more including retail point of sale, and a home delivery engine for retailers. düber operates in state jurisdictions that have legalized both medical and recreational cannabis, and assists with compliance of the laws of these jurisdictions. To learn more about düber Technologies Inc., please visit www.duberpartners.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170926006773/en/

Contact

for düber Technologies Inc.
Katie Long
972-850-5872
klong@ideagrove.com

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