NEW YORK — LeafLink, the cannabis industry’s wholesale marketplace, announced that $1 billion in annualized orders now moves through its online business-to-business platform. Reaching the billion-dollar benchmark means that LeafLink processes an estimated 16% of all wholesale cannabis orders in the U.S.
Launched in 2016, LeafLink enables wholesale purchasing between cannabis brands and retailers. Retailers use LeafLink to shop multiple brands in one cart, manage their wholesale inventory, view up-to-date product and brand menus, review historical and open orders, discover new products, and request samples. LeafLink further serves vendors by offering supplementary tools such as order management, customer relationship management (CRM) tool, inventory tracking and customized reporting systems, among other services.
Over the past three years, LeafLink has grown its network to connect more than 1,000 cannabis brands to over 3,000 cannabis retailers across 20 territories in the U.S. and Canada. In most of their markets, four out of five cannabis retailers order inventory through LeafLink.
“Reaching the first billion-dollar mark is an important moment for the entire LeafLink team to reflect on and celebrate. It’s taken passion, execution and a relentless focus on our customers to bring us to this moment,” said Ryan G. Smith, Co-Founder and CEO. “What excites me most is that this is truly just the beginning for the LeafLink community, our team and the industry as a whole.”
This milestone comes three months after LeafLink and Canopy Rivers announced their joint venture, LeafLink International, whose goal is to expand LeafLink’s industry-standard technology to global cannabis markets, starting with Canada.
LeafLink is the cannabis industry’s wholesale marketplace, defining the way that thousands of cannabis brands and retailers manage and track their orders and relationships, so they can focus on growing their businesses. Retailers, who previously called, emailed or texted 50+ sales reps to place orders, now save a day per week shopping all of their cannabis brands in one cart on LeafLink. The platform empowers brands, distributors, and retailers who want to streamline the ordering process, simplify communication, and spend less time on administrative work. The company launched in Colorado in March 2016 and is now live in 20 territories across the United States and Canada. It has offices in Los Angeles, New York, and Toronto, in addition to satellite offices in the states where it operates. In its first month live, $12,000 in orders were processed through LeafLink. Now, cannabis retailers and brands use LeafLink to manage over $1B+ per year in orders. Backed by venture capital firms and strategic investors such as Lerer Hippeau, Nosara Capital, and Casa Verde Capital, LeafLink has raised more than US$16 million to date. Learn more at https://leaflink.com/.