Treez, an Oakland, Calif.-based company focused on retail automation for the cannabis industry supply chain, closed a $13m Series B funding round.
The round was led by Intrinsic Capital Partners.
The new funding will be used to further accelerate expansion into legal state retailers for B2C and B2B commerce, as well as extend the company’s reach through APIs into best-of-breed tech stacks (ERP, CRM and other complementary systems).
Founded in 2016 by John Yang and Shareef El-Sissi, Treez is an enterprise-grade business management platform serving the cannabis supply chain. The platform solution benefits brands and retailers, with point-of-sale (POS), integrated payments, grow and data software solutions. Included are analytics for real-time insights and industry cataloging technology that allows greater automation.