SEO News

Canix aims to ease cannabis cultivators’ regulatory bookkeeping – TechCrunch





Rising hashish on an industrial scale includes managing margins whereas frequently adhering to compliance legal guidelines. For a lot of growers, giant and small, this consists of fixed knowledge entry from seed to sale.

Canix’s solution employs a sturdy enterprise useful resource planning platform with a steep tilt towards lowering the time it takes to enter knowledge. This platform integrates properly with frequent bookkeeping software program and Metrc, an industry-wide regulatory platform, via using RFID scanners and Bluetooth-enabled scales.

Canix launched in June 2019, and in somewhat over a 12 months (and through a pandemic), acquired over 300 prospects spanning greater than 1,000 rising amenities and monitoring the motion of two.5 million crops.

Canix’s founders are upfront with the software program’s purpose: cut back labor value. Throughout a chat with TechCrunch, the founders pressured how growers might enhance margins via improved labor prices.

Growers typically depend on enterprise useful resource planning platforms to trace and forecast their crops, and Canix handles invoicing, costing and reporting whereas protecting the corporate compliant. Together with monitoring present stock, Canix contains forecasting options. Beginning with simply plant clones, these prediction options will assist growers predict yield 90 days away.

Earlier than understanding Canix, it’s important to know the panorama of rising authorized hashish in america. Growers have to stick to strict oversight, together with submitting paperwork every time a plant strikes all through amenities — and its lifecycle. This includes lots of knowledge entry, and most states require growers to submit this info in Metrc.

Metrc itself is a startup. The corporate launched in 2013 and now tracks hashish operations in 13 states. In October 2018, Metrc raised $50 million. The platform is designed to trace hashish from seed to sale with a deep concentrate on compliance. It’s not an enterprise useful resource planning platform although some growers use it as such for the sake of simplicity. Although detailed and constructed for a contemporary agriculture operation, for some growers, inputting knowledge into Metrc is commonly a labor-intensive job requiring cultivators to make use of staffers to stay compliant.

Canix is designed for business operations which have a hashish license. A number of startups, together with MJ Platform and BioTrack, are constructing related platforms for this market, however Canix says the corporate’s concentrate on enhancing knowledge entry makes it stand aside.

Stacey Hronowski and Artem Pasyechnyk based the corporate after figuring out a shortcoming in Metrc.

“I first began Canix once I was consulting for a Bay Space hashish firm,” mentioned Stacey Hronowski, co-founder and CEO. “I used to be writing software program that might join their CRM and distribution methods, and cut back the double knowledge entry they did each time they created an bill. The corporate requested me to look into connecting the system I constructed to Metrc. I started Metrc, and I used to be very shocked to seek out that growers have been writing down barcodes on paper. That was when the preliminary thought for Canix took place.”

Hronowski met Canix’s co-founder Artem Pasyechnyk via a mutual buddy at Fb they usually began constructing a platform. After the beta acquired constructive suggestions, the pair expanded to a full-scale operation.

Canix caught the attention of a number of essential buyers in its quick life. The corporate was a part of Y Combinator’s summer season 2019 program and, in Could 2020, raised $1.5 million seed from Floret Ventures, Yleana Enterprise Companions, Altair VC, Mava Ventures, Nano LLC, and Andrew Freedman (former Colorado Hashish Czar).





#Canix #goals #ease #hashish #cultivators #regulatory #bookkeeping #TechCrunch



Author

Matt Burns