
Empyreallogistics
Secure cannabis transportation and cash management services.
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
Total Funding | 000k |
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Empyreal Logistics specializes in providing secure transportation and cash management services tailored for the cannabis industry. Founded in 2018, the company addresses the logistical and financial challenges faced by cannabis-related businesses, which often operate on a cash-only basis due to federal banking regulations. The company was founded by Deji Ilori and is headquartered in an 83,000-square-foot facility in south Philadelphia, a location that also serves as a central hub for its East Coast operations.
The core of Empyreal's service offering includes armored vehicle transport for both cash and cannabis products, cash processing, and vaulting services. This integrated approach helps clients, such as dispensaries and cultivation centers, to securely manage their revenues and supply chain. By handling the complexities of cash logistics, the company enables its clients to focus on their primary business activities while ensuring compliance and security. In 2021, Empyreal was acquired by Brink's, a global leader in cash management and secure logistics, which has allowed Empyreal to expand its capabilities and operational footprint.
The company operates a fleet of armored vehicles and employs a team of highly trained security personnel to safeguard assets during transit and processing. Its business model is built on providing a reliable and secure alternative to traditional banking services for the legal cannabis market. Empyreal serves a diverse client base within the cannabis sector across multiple states, leveraging its specialized expertise to navigate the unique regulatory landscape of the industry.
Keywords: cannabis logistics, cash management, secure transport, armored vehicles, cash processing, vaulting services, cannabis industry, supply chain security, financial services, compliance.