Flowhub, a Denver, CO-based seed-to-sale compliance platform for the cannabis industry, closed a $3.25m Series A equity financing.
The round was led by Green Lion Partners and Phyto Partners.
Formed in 2015 by Mr. Kyle Sherman, Founder and CEO, Flowhub has developed seed-to-sale software for the regulated cannabis industry which enables growers and dispensaries to streamline their supply chain operations and optimize their profit margins.
The company’s handheld device, called the NUG, enables retailers and cultivators to manage operations using proprietary apps. They can scan plant tags and report compliance data automatically back to state regulators.
Since launching in June 2016, Flowhub has processed close to $200 million in purchases across hundreds of the dispensary locations in Colorado, Oregon and Alaska.