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 Headsets 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 Cowens Cannabis Summit, whihch recently took place in Boston.
Under the terms of the agreement, Kyber Data Science will sell and distribute Headsets 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 Cowens equity research group in June 2018.
We are thrilled to combine Cowens expertise in data science and the cannabis sector with Headsets proprietary industry perspective. We are confident this new product will be a source of actionable insight, said Robert Fagin, the head of Cowens 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.
Todays announcement is an exciting expansion of Cowens 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 Headsets 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.
