Canadian cannabis retailer Fire & Flower and its indirect wholly-owned subsidiary Hifyre have reached an agreement with cannabis retail management solution provider Cova Software Solutions.
Cova customers will be offered Hifyre digital retail platform as part of a strategic licence agreement.
Go deeper with GlobalData
Additional services that will be provided to Cova customers include the Spark Perks programme and the Fastlane ‘click-and-collect’ service.
Hifyre president Matthew Hollingshead said: “The strategic agreement with Cova will enable the Hifyre digital retail and analytics platform to be rapidly commercialised across emerging cannabis markets.
“Cova is a leading point of sale company in emerging domestic and international cannabis markets and the Cova and Hifyre teams have worked collaboratively for more than a year now and we are excited to enter into this strategic agreement.”
In addition to the platform, the strategic agreement will enable Cova to implement the ‘click-and-collect’ service to customers in the Ontario market.
The Hifyre digital retail and analytics platform is a proprietary, data-driven system platform.
The company has over six years of experience in offering progressive custom digital solutions and services in the legal cannabis industry.
Acquired by Fire & Flower in July of 2018, its indirect wholly-owned subsidiary Hifyre supports the company’s operations and competition in the cannabis market.
Cova chief executive officer Gary Cohen said: “The addition of industry-leading digital retail products developed by Hifyre to the Cova platform is a key differentiator in our offering to cannabis customers.”
