Leafwire Archives - Green Market Report

StaffOctober 18, 2022
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7min21250

As cannabis legalization slowly spreads around the globe, the need for a platform that provides a community and fosters a safe harbor for topical discourse and transactional business also has grown. Enter Leafwire, the world’s largest cannabis business network.

The Denver-based cannabis-focused social media platform was developed to fill that globally expanding need, because legalization does not automatically bring destigmatization. A quick look at the history of legal cannabis highlights this truth.

In November 2012, Colorado and Washington State voters ushered in radically new recreational cannabis laws allowing for cultivation, production, distribution, and sale of products to adults over 21. Since then, several states’ voters and legislatures followed suit, bringing with them more and more jobs, employees, professionals, transactions, connections, and ultimately, conversations, and content.

But the topic of cannabis, and its myriad pejoratives like “pot,” “weed,” and even “marijuana,” doesn’t always sit well in a traditional business setting. The same is true online. Cannabis business professionals aren’t always comfortable sharing and conversing about the plant in an open business forum like LinkedIn.

“When we first launched Leafwire to a primarily domestic, U.S. audience in 2018, marijuana still had a stigma around it despite emerging statewide legalization to one degree or another,” said Peter Vogel, founder and CEO of Leafwire. “Four years later, significant progress has been made in state cannabis legalization, but that stigma still very much remains.”

International expansion

Two years after Colorado and Washington’s major cannabis legalization measures, a 2016 study by the Adam Smith Institute in the U.K. argued the growing international tide of mainstream acceptance, understanding and support for legalization of cannabis will ultimately force drug reform across the globe.

The theory held true for countries like Germany, where full recreational cannabis legalization has become the topic du jour, with federal regulators committing to make laws an eventual reality. And in a startling development, Thailand made it legal to grow and trade marijuana, even distributing 1 million cannabis plants so people are able to cultivate plants at home.

Much in the same way the cannabis plant spread across the world throughout the centuries, so to, has the need for a modern day digital platform to conduct safe, secure, effective business discourse about the world’s most exciting crop.

“As emerging markets in Europe continue to liberalize cannabis policy, a stigma-free platform like Leafwire provides a big appeal to industry participants,” said Anuj Desai, host of the podcast “The Cannabis Conversation” and practicing attorney. “Sharing insights and learnings, as well as job and business opportunities, is critical for the development of the sector.”

Rise of specialized social networks

Beyond business discourse, Leafwire seeks to create a community for like-minded cannabis operators and entrepreneurs, a space for free discussion and shared experiences. It does this in many ways, including:

Increased privacy

Mainstream social media platforms like Facebook have faced public and legislative criticism for how they mine and sell user data, leaving users overwhelmingly concerned about the privacy and security of their accounts. Leafwire protects user data from third-party interests and does not monetize the data.

This breeds an element of trust and security that Leafwire users have with the platform and liberates them to more openly share their data.

Judgment-free experience

Planet Fitness (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S. was named to Fortune magazine’s 2019 100 Fastest-Growing Companies list, ranking 58 among the world’s top three-year performers in revenues, profits, and stock returns. The reason for this is, in part, because the gym prides itself on its philosophy of fostering a “no judgment” environment.

Leafwire’s cannabis social network offers this same type of unique “belonging” in what is a very niche, exclusive industry. In so doing, the platform encourages members to freely share their insights and opinions on policies, news, and affairs that they might otherwise be reluctant to divulge in a more public social media forum.

A welcoming, yet exclusive and focused, community

Exclusive social media platforms like Leafwire tap into the scarcity effect, or the cognitive bias that makes people place a higher value on things that are scarce or limited. While access to social media platforms such as Instagram, Facebook, and Twitter are ubiquitous, the industry-exclusive, topic-driven nature of Leafwire galvanizes its “cool factor.”

Leafwire has 50,000 registered cannabis professionals across more than 100 countries, giving it broader reach than many mainstream social networks. Leafwire’s global event calendar boasts more than 100 events from Switzerland to Colombia to Texas.

The platform’s job board features more than 10,000 jobs, from a vice president of operations and extraction in Arizona, to a sanitation supervisor in Virginia.

“We invite like-minded cannabis professionals to join the specialized, exclusive Leafwire business network, as it continues to grow both domestically here in the U.S., and well as abroad,” Vogel said.


StaffApril 29, 2020
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4min3110

FlowerHire, a leading Staffing and Talent Strategy firm serving the regulated cannabis industry has signed an exclusive Partnership with Leafwire, “The LinkedIn of Cannabis,” which connects over 30,000 professionals across all cannabis verticals – including VCs, investment holding firms, supply chain operators, distributors, manufacturers, extractors, and retailers.

To help the industry and those companies still looking to hire and grow, Leafwire and FlowerHire are also offering 30% off normal placement fees for the rest of Q2. You can contact FlowerHire for more info on the discounted ‘pandemic rates’ at leafwire@flowerhire.com.

According to Leafwire CEO, “We want to do what we can to help more it more affordable for those innovative companies, who continue to move forward and thrive, even in these difficult times. We think it’s a huge opportunity for companies to secure some very talented team members, right now, as there are people currently looking for work, who are otherwise almost always employed. It’s a prime time to be hiring.”

“By joining forces with Leafwire, we have not only broadened our ability to deliver best-in-class executive recruitment and talent services to their passionate user base, but we will also be able to help facilitate meaningful networking and innovative partnership opportunities that will undoubtedly advance the industry,”  says David Belsky, CEO of FlowerHire. 

Since its inception in 2017, FlowerHire has played a critical role in building, scaling, and retaining world class teams for the North American cannabis industry.  Clients include many of the “rising stars” of cannabis, such as DNA Genetics, Papa & Barkley, Kiva, Ascend Wellness, Pleasantrees, and Glass House Group, FlowerHire has placed more than 300 professionals across ten states to date.

“Our mission has always been to build a conscious cannabis infrastructure and community, one hire at a time,” Belsky says. “Through strategically aligning with Leafwire — which represents some 13,000 companies worldwide with members hailing from areas as diverse as Australia, India, Germany, and Colombia, among others — we will be taking our mission to amazing new heights.” 

“Discussions about job growth in the U.S. tend to focus on industries such as technology and health care, but the biggest boom over the past couple of years has been taking place in cannabis. Now, more than ever, with cannabis retailers having been deemed ‘essential’ during this coronavirus pandemic, we will start seeing our burgeoning industry among the fastest-growing job markets in America. Leafwire’s partnership with FlowerHire will help exponentially accelerate this growth. We’re truly excited to bring FlowerHire’s expertise onto the Leafwire ecosystem,” says, Leafwire CEO Peter Vogel.

 


William SumnerJuly 25, 2019
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5min2630

It’s time for your Daily Hit of cannabis financial news for July 25, 2019.

On the Site

Leafwire

Leafwire, the largest cannabis business network worldwide, announced today the closing of a Seed Round for $1 Million. Since its launch, Leafwire has grown rapidly, often with over 1,000 members visiting the platform daily. Leafwire currently boasts more than 16,000 members currently and is projected to surpass 25,000 members by the end of the year.

Executive Spotlight: Jessica Velazquez, Managing Partner of Indiva Advisors LLP

Jessica Velazquez is a Certified Public Accountant (CPA) licensed in Illinois & Nevada and Partner of Indiva Advisors LLP, a full-service accounting firm for cannabis and hemp businesses.

Heavenly Rx

The hemp-CBD company Heavenly Rx Ltd. announced today that it has closed its acquisition of Tru Brands Inc. Tru Brands is a health and wellness company focused on developing a suite of all-natural food products. Under the agreement, Heavenly Rx will acquire a 51% stake in Tru Brands for $3.5 million in cash and $2.57 million in company stock. Through a series of working capital injections, the company will eventually increase its stake in Tru Brands to 62%.

Auxly Cannabis

The tobacco industry is betting big on cannabis. Today, Auxly Cannabis Group Inc. (TSX.V: XLY) (OTCQX: CBWTF) announced that the international tobacco company Imperial Brands PLC will make a $123 investment in the company through a convertible debenture.

In Other News
Namaste Technologies

Namaste Technologies Inc. (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) announced that it has settled a series of class action lawsuits filed against the company in both the United States and Canada. The suits were filed in response to a report published by Citron Research alleging securities violations.  Without admitting guilt or liability, Namaste will pay $2.15 million to settle claims in Canada and $2.75 million to settle claims in $2.75. Much of the payout will be funded through the company’s insurance, Namaste itself will only contribute $500,000. In a statement, interim CEO Meni Morim said that the settlement was a “win-win for Namaste Shareholders and business partners alike.”

Cannara Biotech

Cannara Biotech Inc. (CSE: LOVE) (FRA: 8CB) (OTCQB: LOVFF) announced the release of its financial results for the third quarter, ending on May 31, 2019. Lease revenue was $506,785 and lease operating costs were $221,157. The company’s operating expenses for the quarter was $150,429, amortization expenses were $150,429, and the net loss was $2.8 million. As of May 31, 2019, Cannara had a net working capital amount of $28.43 million, which should be sufficient to fund its planned construction and operating expenses for at least the next year. “Given the size of our facility and the self-evident need for greater supply in the marketplace, we are as committed and confident as ever in our mission to be an integral cannabis producer in the Canadian landscape, combining scale with premium quality,” said said Zohar Krivorot, President and CEO of Cannara.

SOL Global Investments Corp.

SOL Global Investments Corp. (CSE:SOL (OTCPK:SOLCF) ) (Frankfurt:9SB) announced a $2 million capital infusion its portfolio company CannCure Investments Inc. The capital infusion is aimed at accelerating expansion initiatives of companies owned, or soon to be owned, by CannaCure; including Northern Emerald and One Plant Dispensaries.


StaffJuly 25, 2019
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4min6731

Leafwire, the largest cannabis business network worldwide, announced today the closing of a Seed Round for $1 Million. Since its launch, Leafwire has grown rapidly, often with over 1,000 members visiting the platform daily. Leafwire currently boasts more than 16,000 members currently and is projected to surpass 25,000 members by the end of the year. 

Along with their Seed Round announcement, Leafwire has also announced the launch of its new Marketplace feature which will allow for expanded business networking and partnership opportunities for the industry. 

“We built Leafwire to create a safe place where cannabis business professionals can connect, share ideas, find employees and find investors, something that is taken for granted in other industries,” explained CEO Peter Vogel. “ Cannabis is a unique industry and we built Leafwire for that reason; to serve the needs of all cannabis industry professionals.”

The Leafwire Marketplace will act as a robust cannabis business directory with 50+ categories ranging from Legal Services, Payment Processing, Domain Names to Packaging. This cannabis-friendly directory is designed for and based on Leafwire member requests, where everyone can find and connect with the exact cannabis services they’re looking for. 

Leafwire’s Seed Round of $1 Million includes investments from Network Ventures, Silverleaf Venture Partners, KEY Investment Partners, and One East Partners. 

Jordan Youkilis, Founding Partner of KEY Investment Partners, expressed his confidence in the platform, “We became investors in Leafwire, because even in their early stages they have been an invaluable source of deal flow for us. Leafwire has helped to connect us with dozens of dynamic entrepreneurs we wouldn’t have otherwise met. We expect the value provided by Leafwire to continuously increase.”

Speaking on his personal success on Leafwire, Greg Cowan, Investor and Business Consultant at Greenleaf HR, shares, “I was amazed at how quickly networking on Leafwire paid off in a short period of time. Within the first couple of months, I read an article posted by one of my connections that described banking challenges experienced by a CBD manufacturer and retailer. I took a leap of faith and cold-called the person in the article and two weeks later I had an executed Client Services Agreement. Keep in mind, this is a person whom I would have never known about had I not been networking on Leafwire that morning.”

In addition to the Marketplace, they also expect to launch one of the largest cannabis job boards in the industry in the coming weeks. The job board has been the most requested feature by Leafwire members, from both companies looking for employees and job-seekers.

 


AxisWireJuly 25, 2019
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4min2240

New Marketplace Allows for Expanded Business Networking and Partnership Opportunities

Denver, CO – July 25, 2019 /AxisWire/ Leafwire, the largest cannabis business network worldwide, is pleased to announce the closing of a Seed Round of $1 Million. Leafwire has grown rapidly, often with over 1,000 members visiting the platform daily. Leafwire has more than 16,000 members currently and is projected to surpass 25,000 members by the end of the year. Along with their Seed Round announcement, Leafwire has also announced the launch of its new Marketplace feature. 

The Leafwire Marketplace will act as a robust cannabis business directory with 50+ categories ranging from Legal Services, Payment Processing, Domain Names to Packaging. This cannabis-friendly directory is designed for and based on Leafwire member requests, where everyone can find and connect with the exact cannabis services they’re looking for. 

Led by CEO Peter Vogel, he explains, “We built Leafwire to create a safe place where cannabis business professionals can connect, share ideas, find employees and find investors, something that is taken for granted in other industries. Cannabis is a unique industry and we built Leafwire for that reason; to serve the needs of all cannabis industry professionals.”

Leafwire’s Seed Round of $1 Million includes investments from Network Ventures, Silverleaf Venture Partners, KEY Investment Partners, and One East Partners. 

Jordan Youkilis, Founding Partner of KEY Investment Partners, expressed his confidence in the platform, “We became investors in Leafwire, because even in their early stages they have been an invaluable source of deal flow for us. Leafwire has helped to connect us with dozens of dynamic entrepreneurs we wouldn’t have otherwise met. We expect the value provided by Leafwire to continuously increase.”

In addition to the Marketplace, they also expect to launch one of the largest cannabis job boards in the industry in the coming weeks. The job board has been the most requested feature by Leafwire members, from both companies looking for employees and job-seekers.

Speaking on his personal success on Leafwire, Greg Cowan, Investor and Business Consultant at Greenleaf HR, shares, “I was amazed at how quickly networking on Leafwire paid off in a short period of time. Within the first couple of months, I read an article posted by one of my connections that described banking challenges experienced by a CBD manufacturer and retailer. I took a leap of faith and cold-called the person in the article and two weeks later I had an executed Client Services Agreement. Keep in mind, this is a person whom I would have never known about had I not been networking on Leafwire that morning.”

For more information or to become a member, visit leafwire.com


William SumnerJuly 18, 2018
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3min3762

Leafwire, a Denver-based cannabis technology platform, announced today the launch of its online marketplace. The goal of its marketplace will be to connect investors and entrepreneurs in the cannabis space and to help enable a better exchange of information and opportunities within the industry.

Although cannabis business owners secured more than $1.5 billion last year in investment, many in the industry still have difficulty to find the right investment partners; which is only worsened by the disconnect between state and federal cannabis laws.

“Legalization of cannabis opens up a huge opportunity, not only for cultivators and distributors but for the ancillary market that supports those companies,” said Leafwire CEO Peter Vogel. “Yet the investment community has been slower to support this industry than other emerging markets because of the lingering Federal regulations and existing stigma. That said, I have spoken to 100’s of investors who are looking for the right opportunities to explore in this market. Leafwire will help to connect those investors with the prospect that best meets their needs.”

The platform’s first offering will allow entrepreneurs to find investors that are interested in investing in the cannabis industry and vice versa.  Both investors and entrepreneurs will be able to create profiles that detail their investment preferences, experience, and current needs.

Entrepreneurs will be able to search for investors based on several filters; including the stage of investment, location, and preferred type of cannabis business. Likewise, investors will be able to search for cannabis businesses based on their size and fundraising stage, company location, and company type.

Company profiles will also allow entrepreneurs to list their company’s products and services, making it easier for investors to find the right partner.

In addition to connecting entrepreneurs and investors, Leafwire will also act as a hub for cannabis news, regulations, allow private messaging, and provide updates from members of the individual’s user network.

To celebrate its launch, Leafwire will hold an inaugural Pitch-a-Thon on July 19, 2018, in Denver, Colorado. The contest will include pitches from six up and coming cannabis companies seeking funding and will feature a cash prize for the winner. Judges for the event will consist of senior executives from Kush Bottles, Phyto Partners, New Frontier Data, Wana Brands, and Denver Relief. The company also plans on holding additional pitch events later this year in Miami and Southern California.


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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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