Waitr plans to acquire a cannabis dispensary POS company for $90M

Dive Brief: Waitr has announced its intention to acquire Cova, a cannabis dispensary point-of-sale company, for $90 million. In a statement, Waitr CEO Carl Grimstad said transactions on the Cova platform could reach approximately $2.3 billion. This isn’t Waitr’s first play in the cannabis space. In March, the company announced a partnership with Flow Payments to create a compliant …

Waitr Holdings to Acquire Dispensary Compliance POS Company

Waitr Holdings Inc, a leader in on-demand food ordering and delivery, announced the company has entered into a non-binding letter of intent to acquire Retail Innovation Labs Inc. dba Cova, a leading point of sale, inventory and compliance software business serving cannabis dispensary retailers in North America. “We believe that the Cova POS solution will …