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Revealed Mar 28, 2023 • 3 minute learn
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Final 12 months, BLAZE noticed 90% income development, acquired two corporations, secured SOC certifications, launched two new merchandise and added 11 states to its roster
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LOS ANGELES, March 28, 2023 (GLOBE NEWSWIRE) — BLAZE®, the industry-leading hashish software program suite and point-of-sale platform for hashish retailers and supply companies, in the present day proudly introduced its 2022 full-year outcomes with a peek into 2023 achievements to this point. Throughout the final 14 months, BLAZE has skilled 90% income development, made two key acquisitions (Greenline and Tymber), expanded its product choices with BLAZE Insights® Superior and BLAZE ECOM™ and grown operations throughout North America. Now powering 16% of all dispensary point-of-sale enterprise in North America, BLAZE noticed document development in every of the 11 new states it entered final 12 months. Amongst these new states, BLAZE skilled huge development in each the New Mexico and Oklahoma markets.
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“We’re grateful to indicate continued development even throughout what has been an unquestionably tough time for our {industry},” mentioned Chris Violas, Co-Founder and CEO of BLAZE. “Our focus this previous 12 months has been on increasing product and system capabilities for our clients throughout the SMB area. Insights Superior and ECOM are two BLAZE merchandise that may really transfer the needle for our clients. Buying Greenline has allowed us to serve the Canadian market and help our consumer’s objectives to manage their very own development. Buying Tymber permits our clients to have the main e-commerce platform obtainable in USA and Canada. We’re excited to serve 11 new markets, together with the opening of the primary adult-use dispensary in New York Metropolis. As markets mature, we sit up for seeing higher stability throughout the {industry} as different corporations be a part of us in forging a greater future.”
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BLAZE accomplishments over the past 14 months embody:
- Might 2022: BLAZE acquired Vancouver-based dispensary POS software program firm Greenline, turning into one of many few hashish operations software program methods to serve each Canada and the U.S. The acquisition permits BLAZE to higher help its worldwide purchasers, whereas additionally enabling the corporate to realize expertise working in Canada’s federally regulated market.
- July-August 2022: BLAZE introduced SOC 2 Sort 1 Certification in July, and in August achieved SOC 1 Certification. This twin certification is important to MSO and publicly traded corporations permitting them to streamline auditing processes and present information constancy.
- September 2022: Inexperienced Market Report honored BLAZE because the Greatest Supply Tech in its “High Hashish Business Innovator” awards, noting that “BLAZE . . . makes use of automation to efficiently simplify dispensary operations, stock administration and supply dispatch. The platform additionally permits hashish retailers to make use of built-in cost instruments that provide options to all-cash transactions—a perennial concern within the {industry}.”
- October 2022: BLAZE introduced a partnership with Leafly that enables retail clients to just accept on-line orders from Leafly instantly with out extra POS order inputs, streamlining a posh multi-system course of right into a handy, time-efficient and user-friendly expertise.
- November 2022: BLAZE launched its Insights Superior product for enterprise and MSO hashish retail clients, providing massive operators a greater method to monitor, consider and examine their efficiency amongst their shops and rivals on an as-needed foundation.
- January 2023: BLAZE acquired Tymber, a pure-play e-commerce supplier for hashish retailers. The acquisition unlocks highly effective and seamless performance in managing hashish e-commerce.
- February 2023: BLAZE ECOM™ is launched to permit dispensary clients the choice of prepaying for on-line orders whereas empowering hashish retailers to draw, convert and retain their very own clients with their very own web site and cell apps—a formative step within the hashish retail universe.
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About BLAZE®
BLAZE powers the hashish {industry} with intuitive know-how options. Based in 2015 by tech and hashish entrepreneurs, the BLAZE software program suite totally helps vertically built-in operations, standalone retailers, and supply companies. BLAZE supplies POS, e-commerce, funds, analytics, and supply administration companies to 1500+ hashish companies throughout North America. BLAZE gives full APIs and integrates seamlessly with over 60 hashish tech platforms. BLAZE.me
Contact:
Steve Lynn
[email protected]
(415) 964-5689 ext. 180
A photograph accompanying this announcement is out there at https://www.globenewswire.com/NewsRoom/AttachmentNg/9b1735de-83d1-4871-a5eb-d694a6a22377
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