Flowhub

Flowhub

Software solutions for cannabis retail operations

About Flowhub

Simplify's Rating
Why Flowhub is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Consumer Software

Company Size

51-200

Company Stage

Seed

Total Funding

$41.3M

Headquarters

Denver, Colorado

Founded

2015

Overview

Flowhub offers software solutions tailored for the cannabis retail industry, primarily through its point-of-sale (POS) system. This system helps dispensaries manage inventory, sales, and compliance with features like customer ID scanning for age verification. Flowhub operates on a subscription model, providing a scalable solution and customer support to its clients. The company aims to enhance operational efficiency and profitability for cannabis retailers in a rapidly growing market.

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Simplify's Take

What believers are saying

  • Flowhub processes over $1 billion in cannabis sales annually, indicating strong market presence.
  • Recent $19M funding round supports innovation and expansion opportunities for Flowhub.
  • Collaboration with Aeropay offers safer ACH payments, addressing cash handling challenges.

What critics are saying

  • Increased competition from new cannabis retail software providers may erode market share.
  • Technical issues with BioTrack integration could affect reputation and client trust.
  • Classification as 'sin stocks' may limit access to certain investment funds.

What makes Flowhub unique

  • Flowhub offers a first-to-market mobile check-in and inventory management application.
  • Integration with BioTrack enhances compliance capabilities for dispensaries in 11 legal markets.
  • Partnership with Alpine IQ provides advanced 2-way loyalty integration for personalized experiences.

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Funding

Total Funding

$41.3M

Above

Industry Average

Funded Over

3 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Work anywhere

Competitive salary and stock options

Full health benefits

401(k) retirement plans

Flexible hours and time off

Training and mentorship

Career growth opportunities

Fun, cannabis-loving team

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

1%

2 year growth

-13%
MG Magazine
Apr 9th, 2024
Flowhub Integrates with BioTrack

DENVER - Flowhub, a dispensary platform for cannabis retailers, has integrated with BioTrack, the official government traceability system for 11 legal cannabis markets in the United States.

Business Wire
Mar 28th, 2024
Compsych Corporation Announces 2023 Health At Work Award Winners

CHICAGO--(BUSINESS WIRE)--ComPsych® Corporation, the world’s largest provider of mental health services and GuidanceResources® for life, today announced the honorees of the 2023 Health at Work Awards. Now in its 19th year, the ComPsych Health at Work Awards recognize organizations across a variety of sizes, industries and locations who have prioritized the health and well-being of their employees by providing innovative, multi-platform programs. “We’re thrilled to honor these stellar organizations for the investment they’ve made in building cultures that value employee mental health and wellness,” said Dr. Richard A. Chaifetz, Founder, Chairman and CEO of ComPsych. “In recent years we’ve seen a rise in anxiety as well as people needing to take leaves of absence due to mental health challenges across the workforce

AOL
Mar 17th, 2024
Flowhub Launches Cannabis Inventory Management Mobile App

Flowhub launches cannabis inventory management mobile App.

Securities.io
Aug 24th, 2023
Top 10 Cannabis Stocks In A Growing Market (August 2023)

Sin Stocks OutperformanceSin stocks are a category of stocks from companies involved in “immoral” activities, like gambling, alcohol, tobacco, or weapons manufacturing. Many investment funds and individuals will refuse to invest in these sectors, causing an artificially low price for these stocks.But these are also highly profitable activities, leading to these companies generating over time massive cash flows, that can be used for acquisitions, share repurchases, or dividends.As a result, sin stocks significantly and consistently outperform the overall markets .Cannabis As An Emergent Sin Stock ClassCannabis is still considered at the US federal level as a fully illegal drug. Meanwhile, almost half of the US states have fully or partially legalized the production, sale, and consumption of cannabis. And this should be a very profitable business line, like most other “sin stock” activities.This creates a strange situation for cannabis companies. While legal, cannabis companies encounter a lot of problems with anything related to national-level regulation and laws.They are for example often forced to operate only with cash, which carries significant costs. They are also paying a lot more taxes than “normal” businesses

Yahoo Finance
Jan 26th, 2023
Alpine Iq And Flowhub Announce Enhanced 2-Way Cannabis Loyalty Integration To Power Personalized Dispensary Experiences

Alpine IQ IncBROOMFIELD, Colo., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Alpine IQ, the leading data and marketing solutions provider for retailers and brands, today announced an improved loyalty integration with Flowhub, the leading cannabis retail management and payments platform. Alpine IQ and Flowhub have partnered to create an advanced, 2-way loyalty integration in Maui, Flowhub’s latest cannabis point of sale system. This sophisticated integration provides cannabis retailers a synchronized loyalty program with the ability to opt-in loyalty members, connect rewards to any deal, and redeem them directly at the point of sale with one click — ultimately empowering operational efficiency, marketing ROI, and revenue with the most powerful POS and CRM capabilities available in cannabis."Flowhub Maui's 2-way loyalty integration with Alpine IQ vastly improves upon existing solutions available in cannabis,” said Matt Tharp, VP of Product at Flowhub. “By allowing dispensaries to create any deal, no matter how complex, and redeem them for loyalty rewards without ever leaving the point of sale, we are unlocking unprecedented flexibility and control when it comes to creating hyper-specific marketing promotions and brand experiences. At Flowhub, we are proud to be leading the way in cannabis retail innovation and look forward to continuing to push the boundaries of what's possible with our partners at Alpine IQ."Alpine IQ’s integration with Flowhub Maui produces the most intuitive and customizable user interface for managing customer loyalty and creating personalized consumer shopping experiences

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