Group Co.
Cowen’s Data Science Subsidiary to Exclusively Market Cannabis Data
Traders Magazine Online News, December 6, 2018
Kyber Data Science, LLC, a wholly-owned subsidiary of Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”), today announced an agreement with Headset, whereby Kyber will sell and distribute Headset’s cannabis point of sale data to the financial services industry. Based in Seattle, Headset is the leading retail analytics firm for cannabis-related businesses.
The announcement was made at Cowen’s Cannabis Summit, whihch recently took place in Boston.
Under the terms of the agreement, Kyber Data Science will sell and distribute Headset’s cannabis market data to the financial services industry on an exclusive basis throughout the United States, Europe and Australia. Data include state-level revenue; revenue, market share and top brands by product segment; and other leading indicators of industry growth. This agreement expands upon the relationship forged between Headset and Cowen’s equity research group in June 2018.
“We are thrilled to combine Cowen’s expertise in data science and the cannabis sector with Headset’s proprietary industry perspective. We are confident this new product will be a source of actionable insight,” said Robert Fagin, the head of Cowen’s Kyber Data Science subsidiary. Kyber was established by Cowen to develop and sell unique and proprietary datasets across a variety of sectors to institutional investors and corporations.
“Today’s announcement is an exciting expansion of Cowen’s partnership with Headset,” said Cowen CEO Jeffrey M. Solomon. “We are delighted to have the opportunity to collaborate such industry leaders to help our clients distill investment opportunities.”
“We are excited to be working with Cowen, a leading firm in the cannabis space,” said Cy Scott, CEO and co-founder of Headset. “Bringing Headset’s real-time cannabis market data to the financial services industry through Kyber Data Science enables a new audience to get a competitive edge in the market.”
For more information on related topics, visit the following channels:
Comments (0)