September 10, 2018 (OAKLAND, CA AND CONSHOHOCKEN, PA) -- PRESS RELEASE -- Treez, a point of sale (POS) software company serving the legal cannabis industry, has announced the closing of its Series A funding, led by Intrinsic Capital Partners. The company closed on an oversubscribed $11.5 million in funding, topping off its $15 million in total investments. The Series A included a $10 million investment by Intrinsic, along with investments by AFI Capital Partners and Welcan Capital.
Treez was launched in 2016, combining thecannabis industry knowledge of co-founder Shareef El-Sissi with the software expertise of co-founder and CEO John Yang. In just two years, Treez has grown to become the premier solution-oriented enterprise retail management tool for high-volume and multi-location dispensary operators, serving many of the largest and most successful dispensaries in the U.S.
"When we created Treez, we understood the impact our technology could have within the cannabis industry—ushering in a new era of automated compliance, data-driven insights and a more modern, integrated cannabis ecosystem,” said John Yang, Treez CEO. “We’re thrilled that our funding has put us in a position where we can continue to expand our team, invest in beneficial partnerships, and bring more creative retail management solutions to this rapidly growing industry."
In addition to Intrinsic Capital Partners, AFI Capital Partners and Welcan Capital, other value-added investors like Salveo Capital, New York ARC Angels and Arcadian Funds have helped Treez stay ahead of the competition while bringing valuable expertise and guidance to help ensure Treez’s continued success.
“Our focus at Intrinsic is investing in sector leading technology and life science companies run by entrepreneurs prepared to grow their businesses and transform the cannabis industry,” said Jerry Stahlecker of Intrinsic. “ We’re excited to invest in a team that has delivered the industry’s leading enterprise retail management technology and look forward to supporting Treez in growing its market share and developing broader industry solutions,” added Stahlecker.
With the newly secured funding, Treez can continue to expand its footprint, pursue market expansion opportunities and invest in partnerships that will help seamlessly connect each link in the supply chain.