Connect with us


Completed $35 Million Series B Funding Round for LeafLink Will Be Used Towards Scaling Company



Completed $35 Million Series B Funding Round for LeafLink Will Be Used Towards Scaling Company
  • LeafLink just finished a Series B funding round, led by Thrive Capital.
  • The funding will help with recruitment and faster progress on the company’s roadmap.

LeafLink is an online cannabis wholesale marketplace, and they’ve just completed a Series B funding round, led by Thrive Capital. Raking in $35 million, the current investors include Nosara Capital, Lerer Hippeau, Wisdom VC, L2 Ventures, and Thought into Action Ventures. LeafLink provides services to retailers and dispensary owners, allowing them to purchase their products from one place, rather than shopping each individual company. Presently, LeafLink accounts for over $1 billion in annual orders, which is 16% of all wholesale cannabis orders.

The additional funding will make it possible for LeafLink to speed up the progress on their roadmap, and it is presently working to recruit new members for their New York and Los Angeles offices. LeafLink will be scaling their LeafLink Financial sector, which offers payment and credit management solutions to retail companies in the cannabis industry that have already been licensed.

On the recent funding round, co-founder and CEO of LeafLink Ryan G. Smith said,

“This funding speaks not only to the incredible growth of our company and the value we provide to our client base but also to the professionalization of the cannabis industry at large.”

While the company welcomed Lerer Hippeau two years ago, this funding round make it possible to bring Thrive Capital into the cannabis industry as well.

Jared Weinstein of Thrive Capital commented,

“As some form of cannabis use is now legal in 33 states, it is essential to build professional tools that provide the same operational support, financing, compliance, and ease of use found in other industries.”

Alex Ramsteen plugs his content writing microphone in all the way from Kenya and has been a professional writer for over a handful of year nearing a decade soon. While the skill of writing is apparent naturally, TOC is delighted to leverage Alex’s strengths into an array of interests including technology, science, fitness, yoga, meditation, traveling, electronics, reading and more.

Continue Reading

Ultimate CBD Guide


ultimate-cbd-products-company-guidepopular-cbd-health-benefits best-cannabidiol-guide-resources hemp guide

TimesofCBD is the most active daily CBD news publication featuring the latest cannabis industry stories and marijuana market trends. As the leader in CBD-centric content curation, we invite all readers to come for the headlines and stay for the insights. Quality is the top priority when presenting user guides, analyzing product reviews and reporting fact-checked news announcements. All information is for educational and informational purposes only. Disclaimer.

Got news? Email

Copyright © 2020 | Latest CBD News, Cannabis Guides and Marijuana Trends
Note: Always seek real additional medical advice and consultation with a professional healthcare practitioner before considering any CBD. No statements found on this website have underwent Food and Drug Administration evaluation. The efficacy of any products or claims made have never been approved by the FDA either. No products shall ever be intended to diagnose, treat or cure any disease or prevent any ailment.