Lafayette-based food and grocery delivery app Waitr may soon become “ASAP,” as the company completes its rebrand. The company is required to change its name as the result of a legal settlement, and the company is planning to become known as ASAP, which it said better represents the company’s attempts to diversify its services. Waitr also announced it is moving ahead with its plans to begin delivering legal cannabis, agreeing to purchase an inventory and compliance software that serves dispensaries.
Waitr announced on Friday that it signed a letter of intent to buy Cova, a software that helps streamline cannabis sales for dispensaries. According to a press release, the sale would be for $90 million.
“We believe that the Cova POS solution will be symbiotic with our recently acquired Cape Payments business, as we estimate annualized gross merchandise value of the cannabis transactions processed on the Cova platform of approximately $2.3 billion, based on recent performance,” said Carl Grimstad, CEO and chairman for Waitr.
Grimstad said Cova is used by around 2,000 dispensaries in North America.
In March, Waitr announced it was forming a partnership with Flow Payments to create a platform for the sale and delivery of legal cannabis.
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