On September 18, 2020, TechCrunch Disrupt's Startup Battlefield, an annual startup competition, announced Canix as its the winner. Canix is an enterprise resource planning (ERP) software that provides tools for cannabis operations to optimize day-to-day operations, stay compliant with state regulations, and make revenue-based business decisions.
The competition this year was considerable as thousands of global companies applied to the competition, and only two percent (20 companies) were accepted to initially pitch.
In the end, Canix was selected as the winner from a field of 20 worthy competitors. With its win, Canix earned a $100,000 equity-free cash prize.
Making the win that much more monumental, the California-based Canix was the only company representing the cannabis industry at this year's virtual event.
Canix CEO Stacey Hronowski says, "We're excited to be selected among some of the world's most promising startups by TechCrunch this year … Being able to represent the cannabis industry on the world stage is important to us and a positive step toward normalizing marijuana acceptance"
The company will now focus on expanding into new markets across the US and Canada, vertical expansion into manufacturing and distribution, and releasing new software features to support our existing customers.
Canix's growth has been fueled by attracting cultivators, manufacturers, and distributors across the cannabis industry looking for software tools to automate operations and access reporting into their operations.
With an estimated US market of $42.7 Billion by 2024 projected by BDA Analytics and Acrview, Canix anticipates this growth to accelerate along their product lines.