Leafwire Archives - Green Market Report

William SumnerWilliam SumnerJuly 25, 2019
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5min2440

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.


StaffStaffJuly 25, 2019
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4min9170

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.

 


AxisWireAxisWireJuly 25, 2019
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4min3640

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 SumnerWilliam SumnerJuly 18, 2018
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3min18642

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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