CHICAGO, IL, Leaf Trade, the leading cannabis wholesale marketplace and payments platform in the US legal cannabis market, closed its $5.5 million Series A preferred round.
The round was led by Artemis Growth Partners with participation from Hyde Park Angels. Total funding for Leaf Trade comes to $10 million to date. This includes the conversion of the company's earlier round and provides significant fresh capital to accelerate current growth in the company's core 17 markets, as well as to expand into west coast markets while continuing to invest in their technology.
Founded in 2016, Leaf Trade is a technology company whose platform facilitates ordering and fulfillment in cannabis and hemp markets. Using the features on Leaf Trade's platform, vendors can streamline all order fulfillment processes, increase sales through custom storefronts, and generate powerful reports and analytics. Retailers can leverage Leaf Trade's tools to discover trending products through its data-driven shopping process, easily request samples and marketing materials, and manage orders from start to finish. Headquartered in Chicago, Leaf Trade is partnered with the majority of multi-state cannabis operators and itself operates in 17 states and counting. To learn more about Leaf Trade, visit LeafTrade.com or follow @Leaf Trade on Linkedin, @leaf_trade on Twitter.
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