This is the Canix pitch deck to raise a $2.5m seed round in 2020.
About
Canix (YC S’19) has built the next generation of ERP software for cannabis companies. We provide tools to optimize day to day operations, stay compliant with state regulations, and make revenue-based business decisions. Leveraging cutting-edge tech and hardware, along with our rich dataset of pricing, yield, and inventory information, we are creating the technical foundations of the cannabis industry. Find out more at canix.com
When Stacey Hronowski first entered the cannabis space as a consultant for a Bay-area cannabis company, she says she was taken aback at the amount of manual work that businesses were doing just to keep track of their operations.
“Even incredibly efficient founders were spending a lot of time on Google Sheets, on pen and paper, trying to keep track of their inventory,” Hronowski told Insider.
That’s when she started to map out the idea for a compliance tool for the cannabis industry. Hronowski founded a company called Entrc, now called Canix, to address what she saw as a gap between the strict compliance regulations that cannabis companies needed to adhere to and the tools available to help.
Canix closed a $2.5 million round on Monday to further grow operations. The company wants to become the top business-management software for cannabis companies, the founders said.
The seed round was led by Phyto Partners, Floret Ventures, Andrew Freedman (Colorado’s former cannabis czar), and others. The San Francisco based company is also a Y Combinator graduate.
Cofounders Hronowski and Artem Pasyechnyk hail from the finance and software sectors. Before founding Canix, Hronowski worked as an analyst for Cowen and on platforms for companies looking to develop e-commerce marketplaces. Pasyechnyk was a software engineering manager at Facebook.
Pasyechnyk and Hronowski said their backgrounds were instrumental in building the company. It has 300 US clients and revenue is growing 12% per month, they said.
While Hronowski’s background in finance has allowed the company to stay nimble and capital efficient, Pasyechnyk’s experience has helped attract engineers from companies like Facebook, Square, and Coinbase.
Canix’s software allows cannabis businesses — from cultivators to manufacturers to retail operators — to track their inventory, sales, compliance matters, and forecasts.
With the funding, Canix says it’s planning to grow geographically while expanding its forecasting modules so that the platform can extend beyond day to day operations and help clients plan their businesses.
Funding rounds
| Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Feb 1, 2020 | Seed Round – Canix | 2 | $2.5M | — |
| Aug 22, 2019 | Pre Seed Round – Canix | 5 | $1.5M | — |
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