Wayv, a Los Angeles, CA-based B2B cannabis e-commerce solution, raised $5m in seed funding.
The round was led by Craft Ventures.
The company intends to use the funds to strengthen the supply chain platform and hire critical resources across key functions.
Founded in 2017 by Keith McCarty, CEO & co-founder, Wayw enables licensed cannabis companies to access a network of hundreds of licensed brands and receive next day delivery. The technology streamlines the traditional business-to- business process, including transport, sales, and payment through a one-stop website that integrates regulatory and compliance checks. Launched earlier this year, the platform has already facilitated thousands of orders and delivery for myriad top brands to the majority of California retailers.