LeafLink Raises $100M in Series D Funding

LeafLink

LeafLink, a New York-based provider of a wholesale cannabis platform, raised $100M in Series D funding.

The round was led by CPMG, L2 Ventures and Nosara Capital. The investment will be funded in two tranches.

The company intends to use the funds to expand its suite of offerings.

LeafLink provides a cannabis industry’s B2B technology platform, which enables thousands of brands, distributors, and retailers to manage their operations, create, manage, pay for, and ship their orders.

The marketplace currently processes approximately $5 billion in annual transactions.

LeafLink is also evolving its executive leadership team with the following changes effective February 1, 2023:

  • Co-Founder & Chief Executive Officer Ryan G. Smith will be elevated to Executive Chairman. Smith will focus on long-term strategic initiatives, innovation, customer relationships, and government relations.
  • President & Chief Operating Officer Artie Minson has been appointed President & Chief Executive Officer. Minson will oversee day-to-day strategy and execution of the business.
  • Karan Gupta has joined LeafLink as Chief Technology Officer. Gupta will lead the Company’s engineering efforts.
  • Co-Founder and current Chief Technology Officer Zach Silverman has transitioned into a Senior Advisor role. Silverman will continue providing counsel and guidance to LeafLink’s management team and Board of Directors.

FinSMEs

01/02/2023