Cantaloupe, Inc. (NASDAQ: CTLP) shares eked ahead Tuesday. The company, a digital payments and software services concern that provides end-to-end technology solutions for self-service commerce, has recently onboarded Canteen of Northern California (CNC), a well-established vending operator serving Sonoma, Napa, and Marin counties. Cantaloupe’s business with CNC marks a major customer acquisition in the mid-market category, with CNC fully deploying Cantaloupe’s state-of-the-art vending and micro market technology alongside the integration of Cantaloupe’s cutting-edge Seed software platform into its operations.
CNC, under the leadership of Kelley Dayton and Shaun Dayton, second and third-generation managers, has a storied 50+ year history in the vending business. Founded in 1970, the company was one of the first 10 franchises of Canteen. Operating approximately 550-560 vending machines and 20 micro markets, CNC has taken a bold step in becoming the first Canteen franchise to go “all-in” with Cantaloupe’s solutions.
The comprehensive transition to Cantaloupe’s products and services started in October 2022, and includes a complete changeover to Cantaloupe’s G11 card readers, the implementation of the Seed Pro vending management system, and the replacement of previous micro market equipment with the Cantaloupe Go line of kiosks. Additionally, CNC is working to add Cantaloupe’s Cooler CaféTM in certain locations to expand its offerings to current customers.
CTLP shares acquired three cents to $7.14.
