Canix announced that it raised $10 million from venture capitalists. The company sees using the capital to expand throughout the United States and Canada, allowing it to scale its cultivation forecasting and production planning ERP platform to meet market-specific regulations.
The round was led by an unannounced firm — one that wishes not to be disclosed. Other investors include Altair V.C., Cathexis Ventures and Emles Ventures, and other notable angels. Canix won the top prize at TechCrunch Disrupt Startup Battlefield in 2020.
The company says its products are currently used by 2,300 licenses across 400 companies through 17 states and six countries. This funding allows the company to expand even further, targeting new markets and broadening its product offering to help operators better predict and calculate profits per gram.
“Right now, Canix can help understand the present value and the past value of the inventory across multiple variables,” said Stacey Hronowski, Canix co-founder and CEO. “This gets exciting because we touch different parts of the supply chain, and we provide the data to say, you know, what can you expect to make over the next nine months.”
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