OAKLAND, Calif., Oct. 13, 2020 /PRNewsCentre/ — Treez (www.treez.io), a private company focused on retail automation for the cannabis industry supply chain, today announced a variety of data-driven insights into an industry experiencing steady growth, despite a covid-challenged economy.
John Yang, Treez CEO, stated that "as a company with a retail automation platform enabling over 270 retailers and a gross merchandise volume (GMV) of over $1.7 billion annualized and growing, we are able to observe trends of practical value to the cannabis supply chain at large."
"Treez itself is experiencing over 90 percent growth twelve months trailing, and looking closer at our large customer base we are able to validate retail and brand assumptions. Of particular note and like many other retail industries, those cannabis retailers that are most responsive in shifting to digital payment and fulfillment are experiencing the highest growth rates."
Looking deeper, industry observations since the beginning of the year include:
Increase in digital
Bulk flower buying is up
Prices rising, other than Edibles
More or less Local shoppers?
Brand Loyalty Strong
Rewards for customer satisfaction
Treez is a market-leading, 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.
Treez was founded in 2016 by John Yang and Shareef El-Sissi. Today, the company is noted for numerous industry-changing innovations beyond original flagship point-of-sale capabilities, particularly with real-time automation between brands, retailers and cataloging technology.
The company closed on an investment during September 2020, and after achieving leading market share in California is currently underway with plans for expansion into multiple additional states during 2021.