The combined companies are projected to handle nearly $9 billion in annual wholesale gross merchandise value (GMV).
This acquisition simplifies the technology tools available to cannabis businesses, enhancing operational efficiency.
LeafLink’s cannabis solutions now encompass B2B marketplaces, banking services, payment options such as Payment on Sell-Through, data analytics, B2B advertising, and retailer support.
NEW YORK, Nov. 26, 2024 — LeafLink, the leading national cannabis wholesale platform, today announced its acquisition of Leaf Trade, a wholesale marketplace primarily utilized by multi-state operators (MSOs) and large cannabis companies.
This acquisition enables LeafLink to serve the entire cannabis industry, from small businesses to large MSOs, with comprehensive marketplace offerings and advanced tools. Both LeafLink and Leaf Trade platforms will continue operating as usual, pending full integration.
“Leaf Trade has been a leading provider to MSOs and large enterprises, and we are excited to welcome their team to LeafLink. We look forward to collaborating with our new clients and delivering integrated technology solutions that enhance operational efficiency,” stated Artie Minson, President and CEO of LeafLink. “Our goal at LeafLink is to help the regulated cannabis industry reach its full potential by providing products and setting standards that significantly streamline operations and improve financial outcomes. Streamlining technology is key to the industry’s long-term success, and we are pleased to partner with the industry’s largest companies to achieve this.”
“This acquisition is a significant win for our team, customers, and the cannabis industry. The Leaf Trade team has driven substantial growth and profitability. By combining forces with LeafLink, we will create even more innovative solutions that boost growth and value across the supply chain. Our customers will benefit from LeafLink’s recent product investments,” said Brian Ward, CEO of Leaf Trade. “Sweed, a Leaf Trade partner under High Tech Holdings, will remain an independent company, allowing us to reinvest in its growth. Our strategic partnership with LeafLink will empower Sweed to provide smarter tools that enhance customer growth and streamline operations.”
LeafLink has seen considerable momentum this year with its expanded product portfolio. New additions include , a fintech solution addressing overdue payments; , a subscription service providing detailed inventory analytics; and enhanced access to secure, compliant cannabis banking through the acquisition of . These additions complement LeafLink’s existing offerings, including marketplace tools, targeted advertising, SaaS integrations, logistics software, and market insights.
Due to strong performance, organic growth, and its dedication to becoming the B2B operating system for the regulated cannabis sector, LeafLink recently increased its Series D funding round from $100 million to $125 million. Investors include CPMG, Nosara, L2 Ventures, Thrive Capital, and Tiger Global.
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About LeafLink
Founded in 2016, LeafLink is the leading B2B technology platform for the wholesale cannabis industry, serving thousands of clients in over 30 markets. LeafLink believes improved access to modern financial services will drive sustainable industry growth. In July 2024, LeafLink announced the acquisition of the leading cannabis banking platform to provide secure, reliable, and compliant banking solutions. In 2024, LeafLink was recognized on the , Best Workplaces for Innovators List in the Banking, Finance, and Fintech category and received Green Market Report’s .
About Leaf Trade
is a leading wholesale cannabis platform transforming how cultivators, distributors, and retailers connect. By streamlining the supply chain and integrating with key industry systems, Leaf Trade ensures efficient and compliant transactions. With a strong presence in over 25 states and serving many of the largest cannabis operators, Leaf Trade is a trusted and innovative solution.
About Sweed
is modernizing cannabis retail management with its integrated platform, combining Point of Sale, eCommerce, and Marketing & Loyalty solutions. As a leading enterprise-grade platform designed for multi-location scalability, Sweed enables retailers to efficiently manage sales, customer engagement, marketing, and inventory. By providing a customized, data-driven experience, Sweed helps cannabis retailers grow and improve customer experience. For more information, visit .
SOURCE Leaflink