NICI Quick Take
Launched in 2016, LeafLink is an online, business-to-business cannabis commerce platform. From its offices in New York, Los Angeles, and San Francisco, the company facilitates ordering and purchasing cannabis between brands, wholesalers, and retailers. Since inception, it has connected more than 1,200 licensed cannabis brands to over 3,500 retailers, and processed more than $1 billion in annualized orders through its marketplace. In 2019, approximately 16% of all wholesale cannabis orders occurred on LeafLink. The company’s footprint spans 22 territories across the United States and Canada.
The company’s last funding round was in August 2019, where it raised $35 million in a series B round. This brought its total amount raised to approximately $49 million.