Canix simplifies compliance workflows for cannabis operators.
Canix launched in 2019 from Y Combinator and, in 2020, won TechCrunch Disrupt Startup Battlefield. Since then, Canix has expanded to serve 2,300 licenses across 15+ states and 6 countries including Australia.
Canix has just announced that it has secured $10M in funding from venture capitalists for their Series A seed round.
"This is a huge milestone 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 that growth comes supply chain and logistical challenges. This backing allows us to keep up with that growth; further developing our product and providing operators with the best tools to run a profitable cannabis business."
"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 into innovative solutions to solve the unique problems of the cannabis space will allow us to unlock the full potential of the critical compliance and operational data that our customers have been gathering for years. We are thrilled to have the opportunity to turn all these data points into actionable insights and forecasts for the industry at large, and empower us all to thrive in the era of legalization."
The platform includes live inventory management for sales teams, sales and invoice creation, harvest yield tracking, open API for data integrations, RFID scanning tools, non-cannabis inventory management, purchase order placement, manufacturing batch tracking, custom label creation, task management, analytics and extensive reporting.