Leaf Trade is a B2B cannabis technology platform that facilitates ordering and fulfillment for wholesale cannabis sellers and buyers. Its platform powers ordering and fulfillment for cultivators, retailers, distributors, processors, and dispensaries in over 24 states. The company facilitates nearly $2B in annualized net sales. Leaf Trade operates an online wholesale marketplace and digital payment infrastructure. The new funding will accelerate Western market expansion of the marketplace and payments infrastructure. Leadership includes Founder and CEO James Yi and President/Chief Revenue Officer Michael Piermont, and the company named Brian Ward as Chief Financial Officer. Leaf Trade operates a technology platform that facilitates ordering and fulfillment for cannabis and hemp markets and has launched an integrated payments product, Leaf Pay, for order processing and payment. Vendors use the platform to streamline fulfillment, create custom storefronts, and access reports and analytics; retailers can discover trending products, request samples and marketing materials, and manage orders end-to-end. The company operates in 17 states and is partnered with the majority of multi-state cannabis operators. Leaf Trade is led by founder and CEO James Yi and President and CRO Michael Piermont. The company plans to use new funding to accelerate growth in its core 17 markets, expand into West Coast markets, and continue investing in technology. To date the company has raised $10M in total funding. Leaf Trade operates a wholesale ordering platform that digitizes and streamlines order fulfillment between licensed cannabis vendors and dispensaries. The platform enables buyers to place orders and sellers to manage fulfillment without phone calls, texts, or emails, and provides vendors with analytics and custom storefronts. Leaf Trade also offers dispensaries tools to discover trending products, request samples and marketing materials, and manage customer orders end-to-end. The company has signed five large cannabis companies as clients, including Verano, Green Thumb Industries, GrassRoots, Columbia Care, and Vireo Health. Leaf Trade expanded from four states to 12 in October 2019 and planned to grow to 20 states by the end of 2019. The company announced a $4.5 million financing to support state expansion and to grow its data science and engineering teams.

Total raised

$23M

Funding rounds

3

Latest round

Series B

Latest activity

Apr 2022