Treez Retail Customers See Massive Increases In Cashless Payments Sales During 4/20 Cannabis Holiday

4/20 Cashless payment transactions on TreezPay 206% increase over the same period last year

SAN FRANCISCO , April 28, 2022 /PRNewswire/ — Treez (www.treez.io), the leading enterprise cloud-based commerce platform that powers retail and supply chain operations for the cannabis market, today announced that its retail customers have reported strong sales growth. and other key trade performance metrics over the 4/20 holiday last week.

During 4/20, overall sales increased 25%, total transactions increased 36%, and total customers purchasing cannabis from a Treez retailer increased 34% year over year. previous. TreezPay, the first fully integrated cannabis payment processing solution to offer three cashless payment options for retail dispensaries, saw a 181% increase in sales, with a 206% increase in total transactions cashless during this period. Notably, the average order value on TreezPay was $24 greater than a cash transaction. The increase in cashless payment sales reflects the key business benefits offered by TreezPay in terms of upselling opportunities, reduced overhead, consumer convenience and reduced risk associated with theft.

Sunday Goods, a dispensary in Arizona saw a record day in sales this 4/20, with over 50% of sales in one location via in-store PIN/debit payments via TreezPay. According to madison danielsretail marketing manager at Sunday Goods, “20/04 was a great day of sales for us here. We generated $10,000 more than the last 4/20 to our Phoenix location and achieved a new sales record at our temple location. Using TreezPay to accept cashless payments was crucial to providing a great customer experience and driving more consumer sales.”

Michigan dispensary, Fluresh, saw a more than 200% increase in sales week-over-week, with 22% of those sales coming from ACH payments through TreezPay. “Treez is the backbone of our operations,” said Nicholas Hernández, Director of Retail at Fluresh. “We needed a platform that could handle the volume and organize an easy ordering, fulfillment and pickup process. With Treez and its robust and open API technology, we have that.”

The stability and performance of Treez’s point-of-sale (POS) platform has led to improved productivity and reduced wait times, with in-store transaction turnaround times down 12% , in 4/20 compared to last year. In terms of sales mix, flowers, pre-rolls and edibles accounted for 70% of all transactions.

“On the biggest retail day in our industry, Treez retailers perfectly handled the huge surge in retail traffic and recorded some of the highest growth metrics for their business,” said John Yang, CEO, Treez. “TreezPay’s aggressive sales growth also reflects a nationwide industry trend of increasing use of cashless payment options. TreezPay has been so well received by our retailers because it ultimately delivers seamless and convenient customer experiences that drive higher sales.

Noble Grass, a Arizona dispensary open since 2013, achieved its highest sales day in its history. Doug Dalyco-founder of Noble Herb, said, “4/20 was a record sales day for us at Noble Herb. Treez was front and center, operating smoothly throughout the day and we allowing you to have an excellent customer experience and capture each sale in a fluid and efficient way.”

About Treez
Treez is the leading enterprise cloud commerce platform that streamlines retail and supply chain operations in the cannabis market. With its innovative technology for retailers and brands, the company provides a robust range and depth of software solutions needed to run a modern dispensary successfully.

Solutions include point of sale, dispensary inventory management, omnichannel selling capabilities, and multiple cashless payment options, all on a mission-critical platform that ensures regulatory compliance across every transaction in the supply chain. ‘supply. The innovative platform also connects essential brands to their retailers through a centralized brand catalog with real-time market insights. The extensible open API platform provides seamless integration into a variety of industry-leading solutions including CRM, marketplace, cashless payments and data analytics across the partner ecosystem, giving retailers everything they need to grow their business.

Contact: [email protected]

SOURCE Treez

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