Greenline POS
Compliant Canadian cannabis point-of-sale
- Went from 115 signed stores in Jan to 300+ in Dec.
- Doubled our team size from 8 to 16.
- Continuing rapid sales velocity
We'd like to thank our team, our customers, and our partners who've made all this possible. There's still a lot of work to do for Greenline to support more customers and move up-market, but we're confident in our abilities to accomplish them in 2021.
Greenline reached the critical $1m ARR milestone, fully revenue-funded since our angel investment round from June 2019.
- 200% YTD growth
- 8 employees at the start of 2020 to 15 employees now
- 115 customers to 250 customers
We've never been so optimistic in the business opportunity. Our next phase will be scaling the product to work for much larger 20+ location retailers.
Greenline POS raised an investment round valuing the company at $2.2 million. This capital will be used to improve our core product for our customers, and expand our reach across Canada.
https://getgreenline.co/greenline-pos-the-niagara-herbalist-first-ontario-cannabis-retailer/
Greenline POS is exited to service the first licenced cannabis store in Ontario, Canada!!
Customers have requested various new reports for a long time. Today, we launched V2 of our reporting dashboard that features:
- Fully customizable inventory summary page
- Growth reports that indicate KPI changes over time
- Removal of old, redundant reports
We look forward to hearing how these reports help customers!
We have seen several examples of software companies, especially in the cannabis space, pivoting left and right. This is likely because they haven't found that core value proposition that customers are willing and ready to pay for.
The way we see things, it's important to have a core value proposition far before starting the company. That will be what directs your conversations with customers, and can be validated before spending a single dime.
Many BC stores and a second round of licensing for Alberta stores has brought in a much higher than expected sales leads. Our initial hardware costs allowed our revenues to spike up to $50,000, up from the usual $20-30,000.
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