Assertion certainty 3/5 debate potential 1/5

Flowhub reaches just under 500 customer dispensaries

Kyle Sherman · 1413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY · Jun 7, 2019 · at 6:56

Flowhub CEO Kyle Sherman shares customer traction numbers for the cannabis POS and compliance platform.

0:00 / 0:03exact quote · 3.9s
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“We're over probably about just under 500 at this point.”

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More from Kyle Sherman

Disclosure
Flowhub Teams Sometimes Consume Cannabis for 5 PM Brainstorms
“And you know, as a team, sometimes we do you know, we'll, we'll responsibly consume as a group and we'll you know, certain departments will sit down and talk and brainstorm things at five o'clock. It's kind of our version of the bar cart, but you know, no, dur…”
Kyle Sherman Jun 7, 2019 ▶ 2:58 1413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY
Assertion Not checkable as stated
Sherman: Flowhub average ACV is around $8,000, reaching up to $45,000
“Our ACV year is around 8000 dollars today. Some go as high as 45,000 dollars.”
Kyle Sherman Jun 7, 2019 ▶ 3:54 1413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY
Assertion Partly supported
Sherman: Flowhub partnered with HP for all-in-one dispensary hardware systems
“We partnered with HP earlier this year to provide an all in one solution. So these systems ship from HP over to our customers with our platform installed on it.”
Kyle Sherman Jun 7, 2019 ▶ 4:24 1413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY
Disclosure
Flowhub has raised approximately $8 million in venture funding
“About eight million dollars.”
Kyle Sherman Jun 7, 2019 ▶ 5:26 1413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY
Assertion Not checkable as stated
Flowhub Generates Approximately $300,000 in Monthly Recurring Revenue
“Yeah, we're right around 300 K.”
Kyle Sherman Jun 7, 2019 ▶ 7:12 1413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY
Assertion Not checkable as stated
Sherman: Flowhub maintains 98% annual customer logo retention
“We're retaining about 98% of our customers year and year.”
Kyle Sherman Jun 7, 2019 ▶ 9:21 1413 With $4m in ARR, This Cannabis POS System Is Market Leader Growing 3x YoY
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