With daily news of economic turbulence, write-downs, and mass
layoffs among technology companies, and the cannabis industry hit
particularly hard, Hytiva® is paving the way with stable growth and
value-driven products, setting the new standard for technology
businesses in the cannabis industry, based on old principles and a
time-tested commitment to building the solutions the cannabis
industry needs.
MIAMI, Jan. 27,
2023 /PRNewswire-PRWeb/ -- Daily news of economic
turbulence, write-downs, and mass layoffs have quickly spread
throughout the technology space, with the cannabis industry hit
particularly hard. Early entrants into the cannabis technology
space became defined by companies with an intense focus on growing
valuations by making news for expensive acquisitions and scaling to
meet wild projections. They are now quickly being exposed for lack
of attention to real products, services, and financial stability.
Hytiva® chose a different path, setting a new standard for business
and technology in the cannabis industry based on old principles and
a long-term commitment to building the complete solutions the
industry needs, from the ground up.
Tom Clarke, CEO of Hytiva,
commented:
The industry must go through this phase, being over capitalized,
over staffed, and basically doing it backwards. Many technology
companies are downsizing and failing while Hytiva is growing and
hiring daily. When building a technology business for the long
term, you are hunting for problems to solve, gathering feedback
from your customers, and creating real solutions. This is in direct
contrast to the pump and dump business models with hyper-inflated
VC valuations that we see today.
A Suite of Technology and Services
Hytiva's mature portfolio of companies is unlike most corporate
portfolios, often built by an accumulation of mergers and
acquisitions. Every Hytiva® company (including media, technology,
delivery services, logistics, production services, and more) was
founded to serve a specific need in the cannabis industry, creating
solutions to generate revenue independently and ensure stability
throughout the portfolio for Hytiva and its clients. Each Hytiva
company shares a consistent vision and complementary technology. As
a result, Hytiva offers a greater range of tools than any other
cannabis technology company, and Hytiva has the ability to tailor
its offerings to support a wide range of uses.
The Hytiva product portfolio includes:
- Point of Sale - Hytiva's point of sale covers all points of
purchase, including in-store, online ordering, kiosk, and mobile
purchasing endpoints, with robust automation services tailored to
work together seamlessly for each client's operational flow.
- Mobile Applications - Hytiva Mobile Apps provide the fastest
menu and ordering experience available as well as customized white
label deployments available to all Hytiva clients. Integrations
with rewards systems, client provided content, and more make it
possible for any cannabis company to have their own top-tier app
while staying focused on branding and customer experience instead
of building and contracting developers or additional vendors.
- Content Rich Consumer Resources - Hytiva.com provides the
industry's largest library of strain photo and video content
available. This powerful tool educates consumers, provides
transparent product information and pricing, and has proven
effective at increasing average order values. Hytiva verifies and
purchases every strain and does not accept user-generated
photos.
- Consumer Delivery Services - Hytiva provides compliant dispatch
and logistics technologies for dispensaries to run their own
delivery as well as Hytiva run delivery by Hytiva employee drivers,
not independent contractors.
- Digital Menu Displays - Hytiva's digital displays are fully
integrated with point of sale data, providing a beautiful and
accurate in-store experience to customers, with 4k 360-degree strain videos and near zero
management required.
- Hardware and Software Automation Technologies - Hytiva
integrates with any system to capture data and trigger actions,
connecting all Hytiva technologies. Monitor and control devices for
printing, displays, analytics, notifications, cameras, vehicle
telematics, machinery, and more with Hytiva's embedded devices and
hardware.
Hytiva's Problem Solving Approach
Hytiva approached the cannabis industry differently, with a
long-term plan to listen, problem-solve, and build unique solutions
for the industry based on a wealth of experience in technology and
business. Hytiva recognized that the young cannabis industry needed
more than the niche solutions built by modifying pre-existing
products from other industries that many other cannabis technology
companies provide. Hytiva began by offering consumer information
and delivery services, all the while gathering information at a
level the industry had not seen. Hytiva embedded itself into the
industry with open ears to listen to cannabis consumers at a
personal level and clients in their daily operations, with the goal
of turning their frustrations into real products and restarting the
problem/solution cycle again.
Media Contact
Hytiva Media, Hytiva Technologies, LLC, 1 305-701-1652 Ext:
x100, media@hytiva.com
SOURCE Hytiva Technologies, LLC