LeafLink Acquires Dama Financial’s Banking Division To Address Cannabis Industry’s Financial Challenges
LeafLink, a major U.S. cannabis wholesale platform, announced its acquisition Wednesday of Dama Financial‘s banking division in a move aimed to address a major challenge faced by cannabis operators: the lack of access to secure and compliant financial services.
LeafLink’s platform provides various services for cannabis brands and retailers, including tools for order and category management, payments, data analytics and advertising.
Due to its strong performance, LeafLink recently increased its Series D fundraising round from $100 million to $125 million. Investors in this round include CPMG, Nosara, L2 Ventures, Thrive Capital and Tiger Global.
A Step Toward Integrated Financial Solutions
“LeafLink provides customers with integrated tech solutions that make it easier to …