CannaTrac
Cannatrac Financial Corp. is a privately held Illinois holding company that builds and acquires technology businesses providing cashless payment infrastructure, merchant processing, and AML compliance to the cannabis industry and adjacent retail and e-commerce verticals via four wholly owned subsidiaries.
- Company typePrivate
- Founded2014
- HeadquartersPalos Heights, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What CannaTrac does
CannaTrac, formally Cannatrac Financial Corp., is a Palos Heights, Illinois-based privately held holding company founded in 2014 that builds and acquires technology businesses serving the cannabis industry and adjacent regulated verticals. Through four wholly owned subsidiaries — CC Technology Corporation (technology services), CFC Properties (intellectual property creation and acquisition), CTI Processing (merchant processing for Main Street retailers and e-commerce), and CannaCard (consumer mobile payment app) — the company delivers cashless payment infrastructure, AML compliance tooling, merchant services, consumer rewards, and IP licensing. The CannaCard consumer app is available on iOS and Android and enables cashless transactions at participating dispensaries; CTI Processing extends similar merchant processing capability to traditional retail and e-commerce merchants. The company is led by founder and Chairman Terry Patton and Vice Chairman / CEO Thomas E. Gavin IV.
The business model is structured as a multi-vertical holding company. Revenue mechanics are not publicly disclosed, but the stated portfolio spans technology services, consumer behavioral data, consumer rewards, payment solutions, AML compliance, intellectual property, marketing/advertising, and consulting — implying a mix of recurring service fees, transaction-based processing revenue, and potential IP licensing. Go-to-market is sales-led and direct B2B, with consumer-side distribution via mobile app stores and merchant-side distribution via direct sales engagement through CTI Processing and CC Technology Corporation.
Strategic positioning centers on bridging regulated cannabis commerce with traditional financial infrastructure — addressing the cash-heavy, under-banked nature of the cannabis industry through compliant cashless rails. Differentiators cited in source data are regulatory know-how, AML compliance capabilities, and a diversified subsidiary footprint, though the company discloses no revenue, no external funding, no named customers, and no AI/ML capabilities, leaving scale and traction unverified.
CannaTrac firmographics
Firmographics- Name
- CannaTrac
- Legal name
- Cannatrac Financial Corp.
- Website
- https://cannatrac.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Cannatrac Financial Corp. is a privately held Illinois holding company that builds and acquires technology businesses providing cashless payment infrastructure, merchant processing, and AML compliance to the cannabis industry and adjacent retail and e-commerce verticals via four wholly owned subsidiaries.
- Ownership category
- akta.pro rank
CannaTrac industry classification
Industry- Product category
- Cannabis Payment Technology
- akta.pro primary industry
- BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)
Keywords
Where CannaTrac is headquartered
LocationHeadquarters
- HQ city
- Palos Heights
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
CannaTrac business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Technology Acquisitions and Holdings: Cannatrac Financial creates or acquires companies with innovative technology. Revenue is generated through wholly owned subsidiaries operating in technology, consumer behavioral data, consumer rewards, payment solutions, AML compliance, intellectual property, marketing and advertising, and consulting.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
CannaTrac product offering
Product offeringCore offering
Cannatrac Financial Corp. operates as a holding company that owns and operates technology-driven subsidiaries serving the cannabis industry and adjacent markets. Its core offerings include the CannaCard mobile cashless payment application for consumers, merchant processing services for cannabis dispensaries and Main Street/e-commerce retailers through CTI Processing, business technology services via CC Technology Corporation, and intellectual property creation/acquisition through CFC Properties. The portfolio provides compliant payment infrastructure, AML compliance technology, consumer rewards programs, and consulting services to bridge traditional industries with the cannabis sector.
Product overview
Cannatrac Financial Corp. operates as a holding company that creates or acquires innovative technology companies. Its portfolio includes four wholly owned subsidiaries: CannaCard (a consumer-facing mobile payment app enabling cashless transactions at participating cannabis retailers), CC Technology Corporation (providing technology tools and support services to businesses), CTI Processing (offering merchant processing solutions for retailers and e-commerce), and CFC Properties (focused on intellectual property creation and acquisition). The ecosystem bridges traditional industries (medical, e-commerce, retail) with the cannabis industry through strategically-aligned subsidiaries.
Differentiator
Problem solved
Functional benefit
Brands
- CannaCard: Mobile app providing consumers the ability to make cashless transactions and payments at merchant stores in the network. Available for iOS and Android devices.
Products and services
- CannaCard Mobile Payment App Mobile payment application providing consumers the ability to make cashless transactions and payments at merchant stores within the cannabis merchant network. Available for iOS and Android devices from their respective app stores.
- CTI Processing Merchant Services Merchant processing solutions offered to Main Street retailers and e-commerce businesses, providing a host of payment processing services for commerce. Serves cannabis-adjacent retailers and traditional merchants.
- CC Technology Corporation Business Technology Services Technology services that empower businesses through cutting-edge technology by providing the tools, expertise, and support needed to succeed in an ever-changing landscape. Targeted at businesses seeking technology enablement in regulated and evolving industries.
Companies that use CannaTrac
Customer profileSegments3 records
Ideal customer profiles3 records
CannaTrac technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
CannaTrac partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- CC Technology CorporationcoreWholly owned subsidiary of Cannatrac Financial that empowers businesses through cutting-edge technology by providing tools, expertise, and support needed to succeed in an ever-changing landscape.
- CFC Properties, Inc.coreWholly owned subsidiary that creates and acquires intellectual property for the Cannatrac Financial portfolio of companies.
- CTI Processing, Inc.coreWholly owned subsidiary offering Main Street retailers and e-commerce businesses merchant processing solutions for commerce.
- CannaCardcoreWholly owned subsidiary providing consumers the ability to make cashless transactions and payments at merchant stores in the network. Available for iOS and Android devices.
Scale indicators1 record
Recent moves5 records
Expansion highlights4 records
CannaTrac competitors and assessment
Company assessmentDirect peers
- CanPay: CanPay is a cannabis-specific debit-payment app that lets consumers make cashless purchases at dispensaries — directly comparable to CannaTrac's CannaCard consumer payment app and core cashless-cannabis value proposition.
- Hypur: Hypur provides compliant payments and ACH/banking solutions tailored to cannabis merchants, combining AML/KYC compliance with payment processing — directly mirroring CannaTrac's cashless-payments + AML compliance bundle.
- POSaBIT: POSaBIT offers point-of-sale and cashless payment processing built specifically for cannabis retailers, competing head-to-head with CannaTrac's dispensary merchant-acquiring and payments offering.
- Flowhub: Flowhub is a leading cannabis dispensary point-of-sale and inventory platform that integrates payments and compliance — overlapping with CannaTrac's merchant-processing and AML-compliance stack for cannabis retailers.
- Dutchie: Dutchie is an end-to-end cannabis e-commerce and payments platform serving dispensaries nationwide; its payments arm competes directly with CannaTrac's cashless-payment value proposition for cannabis merchants.
- iHeartJane (Jane Technologies): iHeartJane is a cannabis online ordering and payments platform used by dispensaries; its integrated payment flow for cannabis merchants places it in direct competition with CannaTrac's cashless-payments offering.
- Cova: Cova provides cannabis dispensary point-of-sale and payments software, competing with CannaTrac for merchant relationships and overlapping in payment-processing functionality.
- Akerna: Akerna (formerly MJ Freeway / solo sciences) provides enterprise cannabis software including compliance and seed-to-sale tracking; it competes with CannaTrac's compliance/AML layer for cannabis operators.
- Treez: Treez is a cannabis retail point-of-sale and payments platform that competes with CannaTrac's merchant-acquiring and cashless-payments proposition at the dispensary level.
Emerging players
- Springbig: Springbig provides cannabis CRM, loyalty, and consumer-marketing tools that integrate with dispensary POS systems — partially overlapping with CannaTrac's CannaCard consumer rewards and behavioral-data assets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
CannaTrac social profiles
Digital presenceCannaTrac financial estimates
Financial estimateRevenue estimate
Valuation estimate
CannaTrac leadership team
Management profileNumber of profiles
Profiles2 records
CannaTrac subsidiaries and ownership
Company hierarchySubsidiaries4 records
CannaTrac funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CannaTrac M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CannaTrac
What does CannaTrac do?
Cannatrac Financial Corp. operates as a holding company that owns and operates technology-driven subsidiaries serving the cannabis industry and adjacent markets. Its core offerings include the CannaCard mobile cashless payment application for consumers, merchant processing services for cannabis dispensaries and Main Street/e-commerce retailers through CTI Processing, business technology services via CC Technology Corporation, and intellectual property creation/acquisition through CFC Properties. The portfolio provides compliant payment infrastructure, AML compliance technology, consumer rewards programs, and consulting services to bridge traditional industries with the cannabis sector.
Is CannaTrac a public or private company?
CannaTrac is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CannaTrac founded?
CannaTrac was founded in 2014. It employs 1 to 10 people.
Where is CannaTrac based?
CannaTrac is headquartered in Palos Heights, United States, in the North America region.
How does CannaTrac make money?
One revenue line is on record: technology Acquisitions and Holdings.
Who are CannaTrac's main competitors?
Direct peers on record are CanPay, Hypur, POSaBIT, Flowhub, Dutchie, iHeartJane (Jane Technologies), Cova, Akerna and Treez. Springbig is listed as an emerging player.
Does CannaTrac have an API?
No public API is recorded for CannaTrac.
What industry is CannaTrac in?
CannaTrac's product category is Cannabis Payment Technology. Its primary akta.pro industry code is FSAGALAA, BaaS Platforms & Sponsor Bank Enablement.