TRiQ Systems
Bend, Oregon, United States: Supply Chain Solutions
URL: http://www.triqsystems.com/
Founded: 2012
Employees: 15
Company Stage: Growth
Investor Relations Contact:
Ralph Witherell
[email protected]
MANAGEMENT TEAM
Matthew Cohen, Founder and CEO
Matthew Hawes, President
COMPANY OVERVIEW
TRiQ is a crop cultivation systems integrator, process software developer, and cannabis production solutions provider. Leveraging a background in operations, TRiQ is fostering long-term relationships with its customers by offering optimized and personalized products and support.
COMPANY PROFILE
Revenue Driver: Focused on sophisticated growers and manufacturers looking to boost production and business operations with customized software solutions.
Competitors: Systems integrators, food processing equipment companies, horticulture/crop cultivation systems, and smaller niche operations.
Competitive Advantage: Breadth of industry knowledge and experience, vertically integrated.
Business Model: TRiQ provides products and post-purchase support with a focus on ensuring its consumer base (growers and producers) scalability, consistency and efficiency across business operations. The company’s dedication to offer ongoing technological support and expertise has enabled it to provide its customers customized solutions in a cannabis growing environment.
Funding: $1.5 Million venture in July 2014.
Sales/Marketing Strategy: Currently focused on growth through word of mouth, conferences and expos.
Customers: Growers and manufacturers. Customer base ranges from smaller boutique operations to a growing enterprise base.
Target Market: Demographics currently vary as the industry grows; however, TRiQ offers services to sophisticated consumers of varying sizes who either want to implement the right software or are in need of enterprise software that is customized to their existing business operations. Consumers comprise any market participants looking to grow, who require organization, business knowledge, or turnkey solutions.
Products: TRiQ develops and manufactures customized solutions that enhance operations throughout the production cycle. Its software suite comprises TRiQsoft, professional cannabis software that enables companies to track and evaluate cultivation, processing, manufacturing, and regulatory compliance in order to address inefficiencies and streamline production.
Customer Problem: Customer acquisition hindrances include: staff size, security concerns surrounding technology implementation (notably cloud technologies) and regulations that limit the potential market.
Management:
Matthew Cohen, Founder and CEO
Matthew’s background as a grower and his unique insight and expertise into the inner workings of the market. An entrepreneur and operator across medical cannabis businesses. Cohen founded Northstone Organics, which eventually merged with Matthew Hawes’ AmeriCann Compliance.
Matthew Hawes, President
With over 10 years’ experience across industry markets, Matthew founded CannTrol Technologies and co-founded AmeriCann Compliance prior to partnering with Cohen to provide comprehensive supply chain technology solutions at TRiQ Inc.
ADDITIONAL POINTS OF INTEREST
TRiQ is expanding and investing in qualified engineers and operators.
There are two new products to be launched next year.
The company’s primary focus is on sophisticated, high-end markets, with value on customer success throughout the product lifecycle.
