Rootstock Software, a provider of cloud enterprise resource planning solutions, said Monday that cannabis company Aphria Inc. APHA has finalized the use of its Cloud ERP solution.
Aphria is also using ComplianceQuest's Enterprise Quality Management System, according to the announcement.
Rootstocks’ Cloud ERP is intended to answer the demands of the cannabis industry, the company said. Its ERP solution offers a plethora of management services, including supply chain, finance, production, and lot and serial number trackability.
The software allows Aphria to professionally optimize production, leverage "track and trace" capabilities, manage inventory and closing, maintain compliance with GMP and GPP, minimize compliance costs, boost profitability and benefit from single-cloud platform interoperability with ComplianceQuest, according to Rootstock Software.
See Also: Aphria Rallies On 'Second Consecutive Quarter Of Profitable Growth'
"We’re honored to be working with a company of Aphria’s caliber and standing in the cannabis industry," Rootstock Software CEO Pat Garrehy said in a statement.
"We were thrilled when the company first selected our Cloud ERP, and now that they’ve finished implementation, we’re looking forward to seeing what they’ll be able to accomplish with the full benefits of our system in place."
Aphria shares were trading down 2.32% at $5.47 at the time of publication Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!