Treez Tech Platform For The Cannabis Industry Now Present In 14 States

Treez, an enterprise commerce technology platform for the cannabis retail and supply chain industry, announced the expansion of its top-of-the-line point-of-sale software and digital payments platform into eight new states in 2022. This milestone exceeds expansion projections made in February 2022 of entrance into five new markets by the end of the year.

The company’s portfolio now encompasses 14 states with the addition of Massachusetts, New Jersey, Mississippi, South Dakota, Maine, Oregon, Nevada and Illinois.

The company expanded into the states of Mississippi and South Dakota with a long-time Missouri retail client, cementing their ability to serve both large multi-state operators and independent retailers alike.

“When planning our expansion strategy, there was no doubt in my mind that we would reach our target goal, but to have exceeded our projections is a testament to the growth of the industry and our exceptional team,” stated John Yang, CEO of Treez. “What we’re most proud of though is that we’re growing with our clients as they expand into new states as well. Doing so while also entering new markets with brand new clients shows us that the investments we’re making in our product and company after our Series C round in April are paying off.”

The company also recently completed successful live implementations in Massachusetts with clients Green4All and HiBrid.

The announcement follows the Company's recent acquisition of Swifter, a payment solutions platform tailored to meet the unique needs of the cannabis industry. Through the acquisition of Swifter, Treez will be able to provide embedded partner-powered fintech solutions that will ultimately lead to more transparency, stability and better processing rates for retailers.

Get your daily dose of cannabis news on Benzinga Cannabis. Don’t miss out on any important developments in the industry.

Photo by Richard T on Unsplash