Canix Raises $10M in Series A Funding Round
Summary
The company intends to use the funds for the development of features for cultivation forecasting, material resource planning (MRP), warehouse management, and procurement, as well as for market expansion considering a number of states have recently passed legislation allowing recreational or medical cannabis, and several more are expected to pass this year. Led by CEO Stacey Hronowski and CTO Artem Pasyechnyk, Canix is a cannabis ERP software and seed-to-sale platform for cannabis cultivators, manufacturers and distributors to operate efficiently and increase profit margins while remaining compliant with legislative authorities. It recently built integrations such as Sage Intacct, product costing tools, and multi-facility management. Features include 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, and extensive reporting. Launched in 2019 from Y Combinator, the company has since then expanded to serve 2,300 licenses across 15+ states and 6 countries.
Funding
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