Mainstem operates a B2B marketplace and integrated supply purchasing platform for the cannabis industry, led by CEO Alen Nguyen. Its integrated SaaS solution, Purchase Pro™, launched in June to give operators visibility and control over procurement. The company serves roughly 1,000 vertically integrated operators across 26 U.S. states. Mainstem plans to use new funding to continue expanding operations and broaden its business reach. Financially, the company has raised a total of $11M to date following the latest round. The platform aims to centralize procurement for cannabis operators through its marketplace and purchasing tools. MainStem is a technology-based ancillary product distribution company in the regulated cannabis industry, based in Seattle, WA. It operates an e-commerce platform integrated into industry software to simplify procurement and maximize customer reach. The company offers over 10,000 products to select. MainStem intends to use the Series B proceeds to expand its MainStem Affiliate (MAP) and MainStem Vendor (MVP) programs, funding software development, sales and marketing, and enhanced operations. Leadership includes Alen Nguyen (Chairman and CEO) and Craig McCallum (CFO). MainStem recently partnered with Kush Bottles Inc. (OTCQB: KSHB) and has raised a total of more than $3.35M to date following the Series B.

Total raised

$7M

Funding rounds

2

Latest round

Series C

Latest activity

Sep 2021