LeafLink Archives - Green Market Report

Anne-Marie FischerAnne-Marie FischerOctober 2, 2019
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6min28260

As the platform that processes 21% of all wholesale orders of cannabis products in the U.S., LeafLink had gotten a birds-eye view of the preferences and spending habits of cannabis retailers, allowing them to compile insightful data into one source. 

The United States of Cannabis is a new data source developed by LeafLink, which is the largest online marketplace for wholesale cannabis in the country. Using the information about the wholesale orders placed by 3,800+ retailers in 12 states, The United States of Cannabis presents comprehensive information about who’s buying what in the legal cannabis states. 

Suzannah Rubinstein, Director of Marketing for LeafLink calls their concept and platform “the industry standard of connecting wholesale orders”, where the platform serves as a connection between retailers and manufacturers for regulated cannabis products. “We process $1.4 billion in orders placed annually through the marketplace,” states Rubinstein.

This intel, achieved through tracking wholesale orders state-by-state, has allowed LeafLink to gain insights about who’s buying what, and why, in 12 legal cannabis states, as presented in the interactive cannabis map entitled The United States of Cannabis.

Most Favorite Products

Here are some of the best selling products according to the platform with some surprises:

  • California – Dosist Bliss Vape Pen
  • Colorado – Wana Sour Gummies
  • Washington – Happy Apple Beverage
  • Oregon – Winberry Farms – Tropical Trainwreck cartridge
  • Nevada – District Edibles – Tropical Punch
  • Michigan – Platinum Vape – Alien OG
  • Pennsylvania – Vireo Health – Red Cartridge
  • Arizona – Timeless Vapes – Lemon Faderade
  • Alaska – Red Run Cannabis Company – Hashade

Here are some overall insights that The United States of Cannabis reveals:

  • There are 18 product types on the LeafLink marketplace, but three main categories account for 67% of total sales in the country: Flower, Cartridges, and Edibles, yet these product categories differ distinctly state-by-state;
  • Every market that was tracked by LeafLink has a distinct cannabis identity, that can be viewed state-by-state;
  • In newly legalized cannabis states, there is less product and brand diversity; newer states’ packaging and marketing are more “medical” in look and feel, while states with a long-established legal market are more diverse in products available, and in branding.

“Our data shows that in states with more maturity, there is greater product diversification,” says Rubinstein, “Where there’s product diversification, it means that people are experimenting with different methods of consumption.”

The United States of Cannabis allows users to examine state-by-state marketplaces, to see what product types, and what products reign supreme. Here are a few examples of legal states and what LeafLink uncovered:

  • In Colorado, the longest-established legal cannabis market, the top 3 product categories are cartridges, concentrates, and disposable vapes, with pre-rolls rising up as the fastest-growing category;
  • In Pennsylvania, one of the newer medical cannabis states, the top 3 product categories are cartridges, edibles, and flower, with flower being the fastest growing product category in the state;
  • In Alaska, the top product categories are cartridges, concentrates, and vapes, with concentrates being the fastest growing product category;
  • In Michigan, a new recreational cannabis state, the top product categories are cartridges, flowers, and edibles, with cartridges being the fastest growing product category for that state;

In addition to top product categories and fastest-growing product categories, the United States of Cannabis contains information on the biggest brands, product superlatives, most unique products, and even the state flower and producer.

LeafLink’s wholesale marketplace is unique in that each state has a closed marketplace. Retailers access only the products and brands that are available in their state, across 24 different markets. “This allows in-state communities to be built,” says Rubenstein, “Brands are able to promote products in-state directly to retailers,” she says, which helps quite a bit when marketing and advertising regulations are so tight in every state.

Emerging brands can use each state’s distinct cannabis identity to find niche markets and new opportunities to create products in product categories they know people of different states are interested in. 

More about the LeafLink platform can be found at https://leaflink.com/

 


William SumnerWilliam SumnerAugust 7, 2019
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6min7300

It’s time for your Daily Hit of cannabis financial news for August 7, 2019.

On the Site

LeafLink

Online cannabis wholesale marketplace, LeafLink announced the completion of a $35M Series B round of funding. The round was led by Thrive Capital. Current investors Nosara Capital, Lerer Hippeau, Wisdom VC, and Thought Into Action Ventures also participated in the round alongside L2 Ventures.

Columbia Care

Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) reported financial results for its second quarter ending June 30, 2019, with revenue increasing 102% to $19.3 million and 50% sequentially. The net losses grew to $33.7 million versus $4.2 million for the same time period in the previous year. The company blamed the losses on the “recognition of listing fee and share-based compensation expense, as well as higher operating expenses related to the company’s expansion in both new and existing markets.”

The Green Organic Dutchman

The Green Organic Dutchman Holdings Ltd. (TGOD)  (TSX: TGOD) (US: TGODF) has submitted an application to list its common shares on the NASDAQ according to a statement from the company. “This is an important step in the growth of TGOD, one that will broaden our investor base and increase access for international investors as we build the leading global organic cannabis brand”, commented Brian Athaide, CEO of TGOD.

Guest Post: The Legal Status of CBD Oil in Italy

The issue of legalisation of cannabis and its derived products has been under discussion for decades in Italy. However, with each passing year, the legal status of cannabis and CBD products only gets murkier.

In Other News

Pasha Brands

Pasha Brands Ltd. (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD) announced that it has secured eligibility from the Depository Trust Company (DTC) to list its shares on the OTC Markets. “We are very pleased to have obtained DTC eligibility,” said Patrick Brauckmann , Executive Chairman of Pasha Brands. “This status will make the process of trading our stock in the United States much easier. We expect that this will make our shares available to a larger percentage of the investment market, which should improve the liquidity of our shares and therefore benefit Pasha and our shareholders.”

GW Pharmaceuticals

After the market close yesterday, GW Pharmaceuticals (NASDAQ: GWPH) announced that it has released its financial results for the second quarter, ending on June 30, 2019. Revenue for the quarter was $72 million, the vast majority of which was generated from sales of CBD-based drug Epidiolex ($68.4 million). Net income was $79.7 million, up from a net loss of $84 million in the same period of the previous year. “We are pleased to report a strong second quarter of sales of Epidiolex in the US, reflecting high demand by US patients, increased prescribing by healthcare providers, and ongoing progress in payor coverage determinations,” said GW CEO Justin Gover. “In Europe, we are pleased to have recently received the positive opinion from the CHMP which clears the way for an expected approval in October.”

CV Sciences

CV Sciences, Inc. (OTCQB:CVSI) announced the release of its financial results for the second quarter, ending on June 30, 2019. Revenue for the quarter was $16.9 million, representing an increase of 36% over the same period in the previous year. The gross margin improved slightly, rising from 70.8% to 70.9%. Operating income was $1.3 million. “We remain highly confident in the long-term growth of hemp-based CBD and will continue to lead the industry in quality, innovation and both regulatory adherence and support as the market develops,” commented CV Sciences CEO Joseph Dowling.


StaffStaffAugust 7, 2019
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4min24140

Online cannabis wholesale marketplace, LeafLink announced the completion of a $35M Series B round of funding. The round was led by Thrive Capital. Current investors Nosara Capital, Lerer Hippeau, Wisdom VC, and Thought Into Action Ventures also participated in the round alongside L2 Ventures.

LeafLink has changed the way cannabis retailers work with product manufacturers. It used to be that dispensary owners would have to contact as many as 50 different companies to make orders and track shipments. Now they can do it online with an e-commerce marketplace. The company was launched in 2016 and since then has processed more than $1 billion in annualized orders through its marketplace. This means approximately 16% of all the wholesale cannabis orders are happening on LeafLink.

Proceeds To Be Used For Expansion

With the additional funding, LeafLink said it will accelerate its expansion roadmap while enhancing its marketplace technology. The company has begun a massive recruiting effort for new members across all teams and in both their New York and Los Angeles offices.

In addition to expanding the company’s core product and its footprint, LeafLink will be focused on scaling LeafLink Financial, which provides licensed retailers and brands with a safe, compliant, payment and credit management solution. The service is currently live in four US states and is LeafLink’s answer to industry-wide challenges caused by the lack of financial services in the cannabis space.

“We are excited to announce this huge capital milestone and our partnership with some of the most prolific venture capitalists in technology. 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,” said Ryan G. Smith, Co-founder, and CEO of LeafLink. “Two years ago, we welcomed Lerer Hippeau to the cannabis industry in our seed round, and we are proud to now welcome Thrive Capital to the space through their investment in LeafLink. We look forward to solidifying our place as a leader in this rapidly evolving industry by bringing the best products and solutions to the LeafLink community and beyond.”

The company said that retailers use LeafLink to order inventory from multiple brands in one cart, view up-to-date brand menus, review orders, request samples, and discover new products. LeafLink further serves vendors with tools such as order management, customer relationship management (CRM), inventory tracking, and customized reporting.

Since 2016, LeafLink has expanded its network to connect more than 1,200 licensed cannabis brands to over 3,500 cannabis retailers across 22 territories in the U.S. and Canada. In most markets, four out of five cannabis retailers order inventory through LeafLink.

“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,” said Jared Weinstein of Thrive Capital. “LeafLink is setting a new standard for the cannabis industry to expand responsibly and we are excited to support their development.”


William SumnerWilliam SumnerJune 26, 2019
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3min11810

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.”

 

 


StaffStaffJune 14, 2019
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5min15510

Doug Gordon, Executive Vice President and Head of LeafLink Financial, is a recognized leader and innovator with more than 10 years of experience in the financial technology sector. He is an expert at utilizing analytics and technology to create specialized products that meet the capital needs of various asset classes.  Since joining the LeafLink team in October 2018, Doug has overseen the development and implementation of a specialized payment and credit management platform that allows cannabis brands and retailers to transact through the LeafLink marketplace.

Prior to LeafLink, Doug co-founded and served as the Executive Vice President of Fundation, a leading small business digital lender backed by the likes of Garrison Investment Group, Goldman Sachs, and Sun Trust Bank. Fundation provides businesses with loans and lines of credit through partnerships with banks, B2B vendors, and online platforms. As Executive Vice President, Doug was directly responsible for driving the company’s growth efforts through large scale strategic partnerships and product innovations while publicly representing Fundation in the media and at industry events.

Doug studied Neuroscience and Economics at Bucknell University. 

 

Green Market Report Executive Spotlight Q&A:

Full birth name: Doug Gordon

Title: Executive Vice President & Head of LeafLink Financial

Company: LeafLink (https://leaflink.com/)

Time at current company: 8 months

Education profile:

Doug studied Neuroscience and Economics at Bucknell University.

Most successful professional accomplishment before cannabis: Doug co-founded Fundation as an undergraduate at Bucknell University and served as the company’s Executive Vice President for over 8 years as it grew to be one of the leading small business digital lenders backed by the likes of Garrison Investment Group, Goldman Sachs, and SunTrust Bank. Fundation provides businesses with loans and lines of credit through integrated partnerships with banks, B2B vendors, and online platforms. To this day, Fundation powers the small business lending programs of major banks and vendors throughout the country.

Company Mission: As the cannabis industry’s wholesale marketplace, LeafLink’s mission is to provide solutions that define how compliant cannabis companies do business.

Company’s most successful achievement: This week we announced that $1B in wholesale cannabis orders are placed through the LeafLink marketplace every year. This is a huge milestone for us because it means that we’re facilitating around 16% of all the wholesale cannabis commerce in the U.S., and making business easier for over 1,000 cannabis brands and 3,000 cannabis retailers.

Has the company raised any capital (yes or no): Yes

if so, how much?: We’ve raised $14M in venture capital to date. In March we also announced the launch of LeafLink International, a joint venture with Canopy Rivers bringing LeafLink’s technology to global cannabis markets. The deal came with a $2M investment from them.

Any plans on raising capital in the future?

We’re growing quickly and will continue to explore interesting deals with strategic partners that allow us to scale, like the deal with Canopy Rivers.

Most important company 5 year goal:

In 5 years, we will have digitized and streamlined the cannabis supply chain in every viable, legal cannabis market in the world. This includes providing tech-first payment and supply chain financing tools that enable cannabis companies to operate successful businesses.

 

 


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7min17570

The cannabis space is full of opportunities for bright young minds to bring innovation and a new way of thinking to an industry that is rather new and open to different perspectives. As such, Millennials have begun to make their mark within the cannabis industry, and their efforts are being recognized.

Here are three emerging and successful entrepreneurs who are making waves in the cannabis industry and modeling the way for both their successors and predecessors on how to make a serious impact in an emerging industry:

Karson Humiston, Founder & CEO, Vangst

Recruitment has become front and center with numerous platforms that aim to connect eager applicants with vacant opportunities within a growing and established companies. 

Karson Humiston, with a background in student travel after founding On Track Adventures, Karson has gone on to become the Founder & CEO of Vangst, the cannabis industry’s leading recruitment and hiring platform.

Since launching in 2016, through Direct Hire & Vangst GIGS, Vangst has connected more than 10,000 people with jobs at over 650 leading cannabis businesses around the US and Canada. 

Her accomplishments include raising $12.5M from leading tech and cannabis investors, including Lerer Hippeau and Casa Verde Capital. She was featured on the 2018 Forbes 30 under 30 lists.

Ryan Smith, Co-Founder & CEO, LeafLink

Companies that have aimed to streamline communications and operations processes within the cannabis industry have found great success. POS systems, inventory management systems, and internal/external communication systems are helping cannabis companies find efficiencies that in turn increase profit.

Ryan Smith is the co-founder & CEO of LeafLink, the cannabis industry’s wholesale marketplace. LeafLink connects thousands of cannabis brands and retailers and empowers them to streamline the ordering process, simplify communication, and spend less time on administrative work, so they can focus on growing their businesses.

Launched in Colorado in March 2016, LeafLink is now live in 20 territories across the United States and Canada. Under Smith’s leadership, LeafLink has raised $14 million in investor capital with the software helping cannabis retailers and brands to manage over $1B+ per year in orders.

Smith specializes in managing B2B firms and online marketplaces, successfully founding and exiting two companies, one of which he sold to an NYSE public firm. In 2016, he was the first CEO of a cannabis-facing company to be listed on Forbes’ 30 Under 30 list. In February 2018, LeafLink was the first company in the cannabis space to make Fast Company’s 2018 list of Top 10 Most Innovative Companies in Enterprise.

Aaron Riley, President & CEO @ CannaSafe

An important component of cannabis legalization has been product testing to ensure all that is sold to consumers are free of contaminants and pesticides while providing information on cannabinoid content for consumers.

With experience in the luxury car industry, Aaron Riley brings his business acumen to the cannabis industry in his role as President of CannaSafe, the first ISO accredited cannabis lab in the world. CannaSafe is a full-service testing lab offering a one-stop solution where cannabis cultivators and distributors can ensure they are in full compliance with all regulatory requirements and that their products are safe and effective for use.

Their 12,500 square foot lab facility, based in Los Angeles, CA, currently tests approx. 25% of all compliant batches in the state. The company has a second facility opening later this year. Riley obtained a Bachelor &  M.B.A. from Jacksonville University, earning his way through college on a football scholarship. Under Aaron’s leadership, CannaSafe recently won Testing Facility of the year award for California by Dope magazine.

Follow in their Footsteps

Opportunities abound for emerging professionals within the cannabis industry. Green Market Report featured cannabis companies that are accepting summer internships for young professionals to get their foot in the door and follow in the footsteps of these three professionals under 3 who are getting noticed within cannabis.

 


William SumnerWilliam SumnerMay 10, 2019
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5min9210

Mother’s Day is right around the corner, and if you haven’t found that perfect gift for Mom yet, don’t fret. There’s still plenty of time to find something that will make Mom smile, and if she happens to be cannabis friendly, then you are in luck. Here are a few Mother’s Day gift ideas and discounts for the canna-mom in your life:

Popular Cannabis-Friendly Mother’s Day Gifts

According to the cannabis analytics firm Headset, the most popular cannabis-friendly Mother’s Day gift are not your traditionally popular cannabis products like oil or extracts. Instead, the company sees a surge of interest in edible or topical products in the days leading up to the holiday. On Mother’s Day, cannabis tea, coffee and cocoa sales rise by about 50%. Sales of bath salts, soaks, and scrubs increase by around 20%.  Even pre-rolls see an uptick of sales by approximately 7%.

Thinking about buying Mom topical cannabis products? You might be on the right track. According to the wholesale cannabis e-commerce platform LeafLink, the overall market share of topical surges by 306% on Mother’s Day. The most popular topical brands on the platform are:

  1. Muscle Freeze CBD – Mary’s Medicinals, CA
  2. Body Balm – Nordic Goddess, CO
  3. Extra Strength Dragon’s Balm – Medicine Farm (Distributed by Pharmer’s Market), OR
  4. SYNERGY CBD Relief Balm – Dixie, CO
  5. Extra Strength Relieving Creme – Apothecanna, CO
  6. 1:1 Transdermal Compound – Mary’s Medicinals, CO
  7. Body Balm – Wrangler’s Relief, CO
  8. Extra Strength Relieving Creme – Apothecanna, CA
  9. Cannabis Infused Salve – Mary Jane’s Medicinals, CO
  10. CBD+ Healing Stick (Warming) – Wildflower, WA
A Cannabis Gift for the DIY Mom

If your mother likes to take a hands-on approach to things, or simply has a green thumb, A Pot for Pot might have what you’re looking for. A Pot for Pot is a company that sells DIY cannabis grow kits. The kits, which come in either two or five gallons, has everything you need to grow your own cannabis minus the seeds themselves. However, to make up for the lack of seeds, each kit comes with a seed discount coupon.

Mother’s Day Discounts

If you love saving money almost as much as you love your mother, then you might want to take a look at these two Mother’s Day discounts. Urban Juve, a hemp-based health and wellness brand, is offering 20% off their Anti-Aging Serum when you purchase any face moisturizer. All you have to do is use the code UJMOMS.

For those of you living in Colorado, The Green Solution (TGS) is offering a buy-one get one 50% off deal for all of their NectarBee Heal Line products; like their Fine Lotion, which is made with a 5:1 THC to CBD ratio and a blend of essential oils. TGS is also offering a complimentary stemmed flower and a comeback cash voucher redeemable for $10 off a purchase of $25, pre-tax, to moms shopping on Mother’s Day. However, the vouchers are only redeemable between May 19 and May 22.

In addition to these discounts, cannabis providers across North America will most likely be offering discounts and deals this Mother’s Day, so be sure to check with your local dispensary as well! Just remember that it does not really matter exactly what you get your mom for Mother’s Day, what really matters is the thought and love you put into it.


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7min39660

An increasing number of North American cannabis companies are reaching out to college students, offering summer internships as an opportunity to get their foot in the door in the growing industry.

Students now are being given opportunities that students only 5 years ago could have only dreamed of!

A Full Resume Required

Upon graduating from college, students can no longer rely on their college credentials to land a job; experience and evidence of engagement are becoming increasingly important for recruiters as they seek to fill entry- and mid-level spots in their growing companies.

Internships within the cannabis industry provide new graduates a professional advantage because they have received a baseline of business acumen, have learned how to engage in professional environments, and have been able to focus their studies to meet their desired career path.

Students who have engaged in an internship, a form of experiential learning, enter industry job ready, resulting in a new crop of graduate ready to take to the cannabis industry.

An Industry Growing at Exponential Speeds

According to Vangst, the industry’s top recruiting platform, the cannabis industry showed a 690% growth in job listings from 2017 to 2018, forecasting an additional 220% growth this year.

Average salaries in the cannabis industry also increased over 16% from 2017 to 2018, and aren’t showing any signs of slowing down.  To anyone about to enter the professional job market, these statistics look promising.

Cannabis internships are going to be the new norm across college campuses as more states and countries legalize cannabis, and more educational institutions recognize and embrace the wealth of opportunity available to their students within the cannabis industry.

Summer Internships Offered in 2019

The following North American cannabis companies are offering summer internships to college students in 2019:

U.S. Opportunities

  • Springbig is located in Boca Raton, FL, and is a cannabis dispensary CRM and loyalty rewards software company. Growing like wildfire, Springbig is looking to hire interns in the following departments: marketing, client services, development, and sales.
  • CannaSafe is California’s #1 accredited cannabis testing laboratory. Located in Los Angeles, CannaSafe is looking to hire lab technicians and assistants for the summer. As an added enticement to future recruits, a few of their interns from last summer are returning this year with full-time positions!
  • LeafLink is the cannabis industry’s #1 wholesale e-commerce platform and is looking to hire both a Graphic Design intern and a Sales & Development intern for their New York, NY office.
  • Green Thumb Industries (CSE: GTII) is a national cannabis consumer packaged goods company and retailer located in Chicago. They are looking to hire a full-time Corporate Sales intern for what they call a “cannabis career immersion” experience, offering an in-depth look into the inner-workings of one of the largest multi-state cannabis companies in the world.
  • High There! is cannabis social network, directory, and community, that just relaunched their app in April. They are looking for undergraduate students that are eager to learn about marketing in the cannabis industry to join their Venice, CA team.

Canadian Opportunities

  • Canadian Cannabis Chamber, which is focused on promoting cannabis businesses and enabling policies, is hiring a summer student to act as a Marketing Analyst at their Calgary, Alberta office
  • Cronos Group, which sells cannabis at the federal level in Canada, is hiring an HR Intern to work within their Human Resources Offices in Toronto.
  • Tilray, a cannabis licensed producer located in Nanaimo, British Columbia, is offering a Health, Safety and Environment Assistant summer internship

Students who complete internships demonstrate a record of employability in their chosen field, planning and purpose for their chosen career field or industry, and oftentimes find themselves in full-time positions with the companies for which they interned.

Brush up your resume, students, and take advantage of these incredible opportunities to ensure you’re job-ready within the growing cannabis industry.

 


StaffStaffMarch 19, 2019
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4min11330

Canopy Rivers Inc. (TSXV: RIV) is teaming up with LeafLink, Inc. to create LeafLink Services International ULC. The new venture will exclusively license and leverage LeafLink’s dominant business-to-business (B2B) marketplace and supply chain technology platform for deployment throughout regulated international cannabis markets.

In order to get the venture off the ground, LeafLink has made an initial capital commitment of $1 million along with an exclusive, royalty-free license for all non-US marketplaces for their proprietary B2B software platforms and service solutions. In addition to that, Canopy Rivers has committed an initial equity investment of $2 million. Canopy Rivers also has an option to invest an additional $6 million.

For the uninitiated, LeafLink is a software-as-a-service (SaaS) marketplace that simplifies the supply chain through its e-commerce platform. The company has a growing network of more than 950 cannabis brands, and penetration throughout ~2,800 cannabis retailers across 16 territories in the United States.

Retailers use LeafLink for managing their wholesale inventory, enabling them to shop multiple vendors in one cart, view up-to-date product and brand menus, review historical and open orders, discover new products, and request samples. LeafLink further serves vendors by offering supplementary tools such as order management, customer relationship management (CRM) platform, inventory tracking tools, and customized reporting systems, among other services.

“We have been very impressed with LeafLink’s deep market penetration and their understanding of cannabis companies’ needs and behaviors,” said Narbé Alexandrian, President of Canopy Rivers. “The number of brands and products within our new cannabis economy has been explosive, making it difficult for retailers to deal with multiple parties in an increasingly fragmented market. As regulated cannabis consumption and distribution proliferates around the world, LeafLink International will introduce the industry’s leading SaaS-enabled marketplace to the global stage to create a new standard for expediting the cannabis supply chain in regulated markets.”

By creating this new joint venture, Canopy Rivers will continue to expand its exposure across the cannabis value chain through a capital-light, market-leading B2B platform that is immediately scalable across legal jurisdictions. Canopy Rivers said it intends to integrate its network of complementary cannabis companies and global reach to drive growth for LeafLink International and assist in developing and deploying this technology as it continues to increase its global footprint.

“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. According to the company statement, LeafLink and Canopy Rivers hold approximately 82% and 18%, respectively, of LeafLink International after the initial transaction. LeafLink is backed by venture capital firms and strategic investors such as Lerer Hippeau, Nosara and Casa Verde Capital, LeafLink has raised more than $14 million to date.


William SumnerWilliam SumnerDecember 12, 2018
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5min10050

It’s time for your Daily Hit of cannabis financial news for December 12, 2018

On the Site

Aphria Continues International Push With Paraguay Despite Criticism

Aphria Inc.  (TSX: APHA) (NYSE: APHA) continues to forge ahead with its international expansion despite coming under fire from a short seller recently. Recently, Hindenburg Investment Research and Quintessential Capital Management released their short report on the company and questioned some of Aphria’s overseas investments causing the stock to plunge and triggering price target reductions by analysts.

Senate Votes To Pass 2018 Farm Bill, Next Stop Is The House

The 2018 Farm Bill has passed in the U.S. Senate with a vote of 87-13. The legislation goes to the House next for a vote and if it passes there, it will head to the President’s desk to be signed. Hemp will be switched for review to the Department of Agriculture and away from the Justice Department.

LeafLink Says Alaska, Maryland Most Expensive Place To Buy Cannabis

Earlier this week, the cannabis technology platform LeafLink released its 2018 Wholesale Cannabis Pricing Guide and the company learned that Alaska and Maryland are the two most expensive states to buy legal cannabis, followed by Nevada and California.

In Other News

GTEC Holdings Ltd.

GTEC Holdings Ltd. (TSXV: GTEC), a vertically integrated cannabis company, announced today that it had been approved for up-listing of trading onto the OTCQB Venture Market. Effective immediately, the company will start trading on the OTCQB under the symbol GGTTF.

mCig Inc.

mCig Inc. (OTCMKTS: MCIG) announced that Cal Acres Inc., a California company with majority ownership by MCIG, has received its Type-11 Distribution Temporary license from the state of California. Though the company has not completed construction on its distribution facility, Cal Acres may use its license to purchase and store product in a rented facility for the time being. Cal Acres expects that it will receive its cultivation and manufacturing licenses over the next several weeks. “Obtaining a temporary distribution license allows us to interact with the thousands of California Cultivators, Manufacturers, and Distributors… It’s a new launching pad for our future brands,” said Paul Rosenberg, CEO of MCIG Inc.

Mary’s Tech CA

Mary’s Tech CA has announced the opening of a 1,500 square foot manufacturing and distribution facility in Grover Beach, California. The climate-controlled facility utilizes proprietary automation equipment and a high-performance liquid chromatography machine for in-house testing. “We are pleased to officially be operating under our own BCC manufacturing and distribution license and to be in full control of the operations pipeline,” said Lynn Honderd, CEO of Mary’s Tech CA, Inc. “Partnering with EVIO Labs, a premier provider of analytical testing and research, as well as utilizing a robust distribution team, will result in improved efficiencies across the board. Ensuring that patients and consumers in California have consistent access to clean, reliable and accurately dosed products is the utmost importance to us.”



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


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