Canix Raises $10M To Expand Its Cannabis Seed-To-Sale Platform Across The U.S. And Canada

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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 company says its products are currently used by 2,300 licensed cannabis operators across 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. The company says it’s starting this expansion in Illinois, one of the largest and fastest-growing markets to recently greenlight recreational pot. After Illinois, the company expects to move into New York, Utah, Washington, and New Jersey. If, for example, an operator needs to sell 90 pounds of weed by a specific date, Canix will soon provide the granular data on when to start cultivation, who needs to be hired to process the plants, and when the crop will hit the market (and at what price range).