Beyond BioTrackTHC: Cannabis Software Company Helps Businesses Comply and Optimize Supply Chain

Flowhub CEO Kyle Sherman and CFO Chase Wiseman
Flowhub CEO Kyle Sherman and CFO Chase Wiseman

Often the best entrepreneurial ideas come from realizing a glaring flaw in the way things are done.  Such was the case for Kyle Sherman, who was a supply chain manager for a cannabis grower in Colorado using BioTrackTHC software to help the company stay compliant.  He saw tremendous inefficiency, as he was required to write 24-character ID codes by hand. “I personally used BioTrack for almost six months, and it was not a usable piece of software. It’s why we started the company,” said Sherman.

Sherman launched Flowhub with co-founder and CFO Chase Wiseman in 2014 with a goal of offering a state-of-the-art cannabis inventory management system to make compliance painless for growers and dispensary owners.  The offering goes beyond compliance, as it offers both growers and retailers a unified platform that includes features like a loyalty program and business intelligence reporting. The company, which counts popular chain Native Roots as a customer, has raised $2.2mm, including a $175K investment from MassRoots (OTC: MSRT).

Sherman has a harsh view of his competition:

Our competitors’ software has been retrofit for the cannabis industry instead of made for it. BioTrack software is using very old technology from the 90s. MJ Freeway is a web-based app we’ve heard is built on blogging platform Drupal. Imagine using WordPress or Drupal to manage your enterprise cannabis facility.

Read Marvin’s “Flowhub in the PCMag Start-Up Spotlight”:

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

Get Our Sunday Newsletter