As GrowerIQ founder and CEO Andrew Wilson (HBA 2006) puts it, the compliance burden associated with growing cannabis in a legal capacity is “so high that it’s very easy [for cannabis growers] to get out of control [or] to fall behind.”
Enter GrowerIQ, which aims to be “the operational backbone” for cannabis producers around the globe by helping them manage their business and meet the often stringent regulatory requirements they have to abide by. The Toronto-based startup helps cannabis growers stay compliant, streamline their operations, and boost their bottom lines with its enterprise resource planning (ERP) platform.
GrowerIQ has seen its business grow since its 2020 launch, as Canadian cannabis sales rose during COVID-19 and other jurisdictions have begun to loosen restrictions on marijuana use. After bootstrapping for the past four years, GrowerIQ has raised $3 million CAD in seed funding to expand the reach of its cannabis industry-specific ERP software.