Simplifya Experiences 100% Growth Year-Over-Year

CANNANNEW REPORT

Cannabis RegTech Company Well Positioned for Long-Term Growth as More States Legalize, Entrepreneurs Expand Operations, Additional Ancillary Businesses Look to Enter Sector, Regulations Remain Fragmented and Federal Dialogues Continue   (DENVER) December 16, 2021 – Simplifya (“Simplifya” or “the Company”), the leading regulatory and operational compliance software platform serving the cannabis industry, announced it experienced 100% growth year-over-year in 2021. The Company also announced several other key 2021 growth metrics and accomplishments such as marketplace expansions, new product launches and new hires. “As more states legalize and migrate to adult-use; new banks, insurers, law firms and other ancillary businesses enter the space; businesses expand the number of markets they operate in; additional regulations and guidance are enacted and are updated; and the federal dialogue continues – keeping track of all the stringent compliance requirements has only become more complicated,” said Simplifya CEO and Co-Founder Marion Mariathasan. “However, in 2021, we saw an astounding number of cannabis operators and ancillary businesses realize RegTech compliance is no longer just ‘nice to have’ – but a ‘must have’ – leading to our business’ record-breaking growth.” Simplifya Growth Highlights Simplifya experienced 100% growth year-over-year (2020 to 2021). The Company saw a 40% uptick year-over-year in the number of clients using its Simplifya Self Audit platform as more owners and operators look to protect their licenses and businesses from operational and regulatory compliance risks. Simplifya expanded its core suite of services – Simplifya Standard Operating Procedures (SOPs), Simplifya Smart Cabinet and Simplifya Self Audit – from 19 to 24 states. The Company recently launched Simplifya Market Guide, a new platform that arms cannabis and cannabis-related businesses with comprehensive user-friendly state regulatory summaries for all 50 states, covering regulatory requirement overviews such governing law, governing authority, local opt-out, policy movement, banking guidance, tax structures and rates,…

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