Yobi Acquires Lodestone Data Technologies, Inc.

LAS VEGAS, November 18, 2019 (Newswire.com) - Silver State Software, Inc. (dba Yobi), based in Las Vegas, NV, today announced that it has purchased Lodestone Data Technologies, Inc. The transaction was completed on Nov. 4, 2019. The terms of the agreement have not been disclosed.

Lodestone Data Technologies developed the most sophisticated RFID-based plant tracking and compliance solutions for the commercial cannabis cultivation market. Data from customer harvests of 50,000 plants have demonstrated a 75% reduction in labor costs over existing workflows.

“The acquisition of Lodestone Data Technologies enables Yobi to extend our retail operations solution and provide a platform for the entire cannabis supply chain,” said Jeremy O’Keefe, founder and CEO of Yobi. “Lodestone has proven that RFID can lower costs and improve accuracy and we’re delighted to unite our teams and platforms to create a winning combination of superior solutions and stellar customer service.”

Steve Mackey, founder & CEO of Lodestone, joins the executive team of Yobi as SVP for Sales & Marketing. Scott Sirles, co-founder and president, now serves on the advisory board as a cultivation consultant.

About Yobi
Founded in April 2016, in Las Vegas, Yobi offers a secure and scalable enterprise-grade software solution for managing retail cannabis operations. Yobi was built by a team of experienced designers and engineers who have built high-volume retail software for some of the largest retail brands including Zappos, Amazon, Tom’s Shoes, Harley Davidson, and more.

About Lodestone Data Technologies
Founded in October 2016, Lodestone Data Technologies provides state-of-the-art and cost-effective RFID solutions to the commercial cannabis market, where accurate regulatory compliance and optimized grow management are key to successful cultivation.

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Source: Yobi, Inc.