LeafLink Surpasses $1 Billion in Payment Volume

Leading Payment Solutions Provider Achieves Major Milestone in Trades with Brands and Retailers, Providing Critical Liquidity to the Cannabis Industry

NEW YORK, September 21, 2022 /PRNewswire/ — LeafLinkthe world’s largest online cannabis wholesale platform, today announced that its payment solutions have processed over $1 billion in transactions since the establishment of the company. This milestone for LeafLink’s wholesale cannabis payment solutions reflects the company’s commitment to strengthening liquidity and cash flow in the industry.

LeafLink’s industry-leading platform offers a variety of services to help cannabis businesses in all industries streamline operations and eliminate common pain points. These offerings include flexible, direct payments to help scale growth and facilitate seamless transactions, allowing retailers and brands to choose when and how they get paid. LeafLink Payments solutions increase the speed and security of wholesale transactions for businesses across the country. LeafLink’s solutions have now been traded on $1 billion in payment volume to date with 1,700 active operators and 22 markets.

“LeafLink looks to the future of cannabis and is constantly striving to improve the way retailers and brands do business with each other,” said Ryan G. Smith, CEO and co-founder of LeafLink. “As cannabis evolves rapidly, it’s critical that our platform keeps up with the changing needs of our clients, as we provide critical liquidity to the industry. We are incredibly proud to reach the $1 billion milestone in payment transactions and we look forward to further expanding the LeafLink community in the years to come.”

The Growpacker team takes care to select only the best of the best in terms of systems to meet our growing needs,” said Joshua Adrian, Vice President of Growpacker. “LeafLink has proven to be a frontrunner in helping companies like Growpacker achieve our manufacturing and distribution goals. Their payment solutions are a game-changer in that they allow us to spend and raise capital at faster rates with lower risk tolerance, which is definitely needed in this growing industry.”

“With an easy-to-navigate platform and complete flexibility and insight into pricing, confirmations and AR availability, LeafLink has been nothing but a positive for Ladybug,” said Jake Brooke, COO of Ladybug Farms. “Not only did LeafLink’s financial offerings make it easy for us to plan our cash flow, but we also really enjoyed working with the LeafLink team. They are communicative, dedicated, and provide incredible support and guidance to help us achieve our goals.”

About LeafLink

LeafLink is the cannabis industry’s B2B platform and has revolutionized the way thousands of brands, distributors and retailers manage their operations. The company’s industry definition tools make it easier for cannabis businesses to create, manage, pay, and ship their orders, so they can focus on growing their business. LeafLink Marketplace processed approximately $5 billion in annual orders in 2021, representing approximately 42% of wholesale cannabis in the United States. Backed by leading venture capital firms and strategic investors, including Founders Fund, Thrive Capital, Nosara Capital and Lerer Hippeau, LeafLink has raised over $131 million equity to date as well as a $250 million credit facility to provide liquidity to the cannabis supply chain. Learn more about https://LeafLink.com/.

Media Contact:
MATTIO Communications
Marc Sinclair
[email protected]

SOURCE Leaflink/Rosie Mattio Public Relations

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Elaine R. Knight