SAN FRANCISCO, June 8, 2022 /PRNewswire/ — Canix, a market-leading cannabis seed-to-sale ERP platform, has raised $10 million in funding from venture capitalists.
Canix launched in 2019 from Y Combinator and in 2020 won TechCruch Disrupt Startup Battlefield. Both founders have also been featured in Forbes 30 Under 30. Since then, Canix has expanded to service 2,300 licenses in over 15 states and 6 countries.
Armed with the data, customer feedback, seasoned product team and funding, Canix now has the tools to create the preeminent cannabis ERP. Newly built integrations such as Sage Intacct, product costing tools, and multi-installation management have made Canix a go-to for large operations.
This is an important step for us. Our goal has always been to help businesses in the cannabis industry thrive.
Stacey Hronowski, co-founder and CEO of Canix
The industry will experience unprecedented growth over the next 12 months. With this growth comes supply chain and logistics challenges. This support allows us to follow this growth; further develop our product and provide operators with the best tools to run a profitable cannabis business.
This capital raise will drive the development of functionality for crop forecasting, material resource planning (MRP), warehouse management and procurement. Additionally, it will provide a war chest for market expansion given that a number of states have recently passed legislation allowing recreational or medical cannabis, with several more expected to pass this year.
Software will have a profound impact on the trajectory and pace of the industry.
Artem Pasyechnyk, co-founder and CTO of Canix
Our continued investment in innovative solutions to solve unique problems in the cannabis space will allow us to unlock the full potential of the critical compliance and operational data our clients have collected for years. We are excited for the opportunity to turn all of these data points into actionable insights and predictions for the industry as a whole, and enable us all to thrive in the age of legalization.
Compliance in the cannabis industry is a nightmare for many growers, creating inefficiencies throughout the supply chain. Canix simplifies compliance workflows to help scale operations and calculate profit per gram to give operators visibility into their company’s profit margin.
Additional features included in the platform are: live inventory management for sales teams, creation of sales and invoices, crop yield tracking, open API for data integrations, RFID scanning tools, non-cannabis inventory management, purchase order placement, manufacturing batch tracking, custom label creation, job management, and detailed reporting.
Visit https://www.canix.com/ to learn more about the industry leading seed platform for sale today.
Canix is a cannabis ERP software and seed sales platform for cannabis growers, manufacturers and distributors. Founded in 2019, the company serves both large commercial operations and single-service standalone operators. Canix provides a suite of tools that allow cannabis businesses to operate efficiently and increase profit margins while remaining compliant with legislative authorities. With Canix, businesses have full control over their real-time inventory and sales data. For more information about Canix, visit www.canix.com
original press release