Thrive Capital, Tiger Global-Backed Cannabis Wholesale Platform LeafLink Buys Leaf Trade: Co. Will Process ~$9B In Annual GMV
LeafLink, a cannabis wholesale platform, has announced its acquisition of Leaf Trade, a specialized marketplace catering to multi-state operators (MSOs) and enterprise cannabis businesses. The combined entity is poised to process nearly $9 billion in annual gross merchandise value (GMV). The price tag or conditions of the transaction were not disclosed.
Streamlining Cannabis Operations
This strategic acquisition aligns with LeafLink’s mission to optimize cannabis operations through advanced technology and financial solutions. “Leaf Trade has been the clear industry leader serving the MSO and enterprise segment, and we are thrilled to welcome the Leaf Trade team to LeafLink. Our mission is to help the regulated cannabis industry reach its greatest potential by streamlining operational processes and improving financial performance,” said LeafLink’s president and CEO, Artie Minson.
The merger combines Leaf Trade’s expertise …