LeafLink Reaches $1 Billion in Annualized Sales

The cannabis e-commerce platform LeafLink has achieved an auspicious milestone. Earlier this month, the company announced that it had reached $1 billion in annualized orders through its platform.

LeafLink is a software-as-a-service B2B marketplace that aims to simplify the cannabis supply chain. Using the platform, cannabis brands and retailers can manage wholesale inventory, review orders, shop vendors, and more. First launched in 2016, LeafLink connects over 3,000 cannabis retailers to more than 1,000 cannabis brands spanning across 20 territories in both the United States and Canada.

The company now accounts for approximately 16% of all B2B wholesale cannabis orders in the United States, which is remarkable when compared to the broader consumer market. Currently, B2C e-commerce accounts for only 9.6% of all retail sales in the U.S., and it has taken more than a decade for it to reach those heights. LeafLink, on the other hand, has only been in operation for the last three years.

According to the company, its most popular products are typically vaporizer cartridges, although its overall top-selling product is sour gummy edibles made by Wana Brands, followed by pre-rolls produced by Pacific Stone.

Hoping to deepen its market penetration, the company is working with Canopy Rivers (TSXV: RIV) to bring its e-commerce platforms to international retailers. Dubbed LeafLink Services International (LeafLink International), the company will offer non-US marketplaces a royalty-free license for their proprietary B2B software platforms and service solutions. Under their agreement, LeafLink has made an initial $1 million investment, while Canopy Rivers has committed an initial equity investment of $2 million, with an option to incrementally increase that investment to $6 million.

“We are excited to join forces with Canopy Rivers – combining our industry-leading, B2B marketplace technology with their expertise and strategic network in the global cannabis market,” said Ryan G. Smith, CEO, and Co-founder of LeafLink, in a statement. “Together, we are creating the first seamless e-commerce experience across the global cannabis supply chain to further empower members of the LeafLink community.”



William Sumner

William Sumner is a freelance writer specializing in the legal cannabis industry. You can follow William on Twitter @W_Sumner or on Medium.

Leave a Reply

Your email address will not be published. Required fields are marked *

Choose Your News

Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox.


We respect your privacy. See our privacy policy.

About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


Recent Tweets

@GreenMarketRpt – 4 hours

Schwazze Ekes Out On Revenue Despite ‘Challenging’ Colorado Market

@GreenMarketRpt – 6 hours

Don’t procrastinate! Get ready for the GMR Tech Summit happening Sept. 8, 2022 in San Francisco. Amazing lineup and…

@GreenMarketRpt – 6 hours

Today is the last day to nominate a company for the GMR Tech Awards. Judging begins soon and we nee…

Back to Top

Choose Your News

Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox.


We respect your privacy. See our privacy policy.