In an industry where compliance is a minefield and cash is king, Treez isn't just processing transactions—they're building the financial nervous system for the modern cannabis dispensary. With $126.9M in revenue, they've proven that selling software to a regulated market is a highly lucrative business.

"Treez has achieved what most SaaS companies dream of: 78% direct traffic. This isn't marketing—it's dependency."

The traffic data reveals a telling story: 99.3% of visitors come from a single country (the US, implied by the cannabis regulatory landscape). This isn't a global platform—it's a hyper-focused vertical play. They're not trying to be everything to everyone; they're becoming the operating system for American dispensaries, one compliance feature at a time.

• Vertical SaaS dominance: POS, inventory, compliance, payments, and e-commerce in one stack
• Capital efficiency: $126.9M revenue on $28M funding = 4.5x ratio
• Product stickiness: 78% direct traffic indicates daily operational dependency
• Market timing: Built for cannabis when federal prohibition creates moats
• Team scale: 370 employees suggests mature enterprise sales motion