In these demanding times of long hours and tired mornings, it’s hard not to be familiar with Starbucks and their rewards app. Mosaic has reimagined and reengineered this concept for cannabis, and it’s a brilliant piece of tech. Mosaic’s software offers an extremely efficient and effective way for dispensary retailers to get their products in front of cannabis consumers in a familiar and engaging manner.
Current Status
Mosaic raised a $1.5m seed round in Jan22', then developed a breakthrough platform that is better than our competition who was valued at $3.85b, signed a contract with the largest customer in the industry, locked in strategic GTM partners, and are delivering respective 52%, 54% and 40% month-over-month online sales growth for our pilot customer. We now aim to become the tech leader in the new $400b cannabis market.
Market
Dispensary retail locations and cannabis operators
Problem or Opportunity
Dispensaries face increasing competitive pressure while their consumer facing digital solutions are based on 10 year old technology because the federal legal situation has kept the big players out.
Solution (product or service)
Mosaic provides the industries first complete digital consumer experience platform that enables dispensaries to provide their own branded Starbucks like digital solutions that consumers expect and are proven to drive top and bottom line results.
Competitors
Dutchie valued at $3.85 billion
Advantages or differentiators
Mosaic is the first to cannabis market with a single platform for the digital customer experience to include branded eCommerce, app, CRM, loyalty, rewards, payments, delivery, reports and analytics.
Finance
Mosaic has a similar revenue business model as Toast and receives subscription and transaction fees for each customer.
Business model
Simple, Mosaic charges $500 per month subscription fee for each location. Additional upsell fees can apply generating a wealth of new revenue and profit streams.
