# CannaRegs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cannaregs

- Industry: Internet
- Headquarters: Denver, US
- Website: www.cannaregs.com
- Total disclosed funding: $2M
- Latest round: Seed (Feb 12, 2019)
- Investors on record: 2

## About

CannaRegs, Ltd. is a regulatory compliance technology company that provides comprehensive solutions for the cannabis industry, allowing businesses to navigate complex legal frameworks efficiently.CannaRegs, Ltd. specializes in cannabis regulatory compliance solutions. The company was founded in 2014 in Denver, US. In January 2020, it was acquired by Fyllo LLC, a portfolio company of multiple investment firms including GrowGeneration Corp. and JW Asset Management. The founder of CannaRegs has not been disclosed, along with any history of previous ventures. The company has raised a total of USD 2.00 mn through a SEED funding round, with the latest investment made by Panther Opportunity Fund and Phyto Partners. CannaRegs has completed 2 deals to date, with its most recent deal occurring on January 16, 2020.CannaRegs offers a suite of products tailored for cannabis compliance, enhancing operational efficiency specifically for businesses facing regulatory challenges. Their primary product, launched in 2020, leverages advanced technology to streamline compliance processes, serving small to medium-sized enterprises (SMEs) across North America and Europe. The solutions are specifically designed to adapt to various sectors including e-commerce and service-oriented firms, addressing diverse operational needs effectively.The revenue model of CannaRegs is subscription-based, allowing businesses to access their services through tiered plans suitable for different sizes and operational requirements. They focus on direct-to-consumer sales, where clients select from various service packages. The flagship products are built for scalability and seamless integration, ensuring ongoing updates and support. Collaborations with key industry players enhance service distribution, supporting the demand for their compliance solutions.CannaRegs plans to leverage its recent funding to enhance its product offerings and expand into new markets. This includes the development of new compliance tools aimed at addressing evolving regulations in the cannabis sector. The company is targeting expansion into additional regions within North America and Europe by 2023. The funds raised during the Seed round will be utilized to support these product innovations and geographic expansion efforts.

## Funding rounds

- Seed, Feb 12, 2019, $2M — Phyto Partners, Panther Opportunity Fund

## Investors

- Phyto Partners (https://capitalatlas.ai/funds/phyto-partners) — Seed
- Panther Opportunity Fund (https://capitalatlas.ai/funds/panther-opportunity-fund) — Seed