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LeafLink, a wholesale management platform for the cannabis industry based in New York, has closed a $3M seed round, led by Lerer Hippeau Ventures.

This makes LeafLink the first cannabis-related investment for Lerer Hippeau Ventures. Other investors included; Casa Verde Capital, Phyto Partners, and Wisdom VC.  To date, LeafLink has raised more than $4 million in capital, including a previous angel round of $1 million that closed in December 2015.

LeafLink a software platform is designed to support those in a B2B supply chain, providing essential tools to save money for retailers and that allows producers to receive better pricing for their product.

With LeafLink, dispensary owners can legally place their orders on one platform, with a compliant shopping experience in mind. Vendors can manage their incoming orders using the platform’s business tools, including a fulfillment queue, CRM, data reporting, and order status tracking.

Since launching in Colorado in March 2016 and Washington in October 2016, LeafLink has had over 800 dispensaries sign up to use their services. To date, there have been orders placed and have already placed orders for over 100 cannabis product brands, including Incredibles, Cannapunch, Dixie Elixirs, and Apothecanna. The company is doing $65 Million in orders through the platform on an annual basis.

With this seed round of funding, the company has announced plans to expand into additional states where legal recreational and medical cannabis programs are available, such as California, Nevada, and Oregon as early as the Spring of this year.  Smith said, “LeafLink’s entry into these markets is an enormous opportunity to build a tech-first industry that will serve as a model for other states, and for other industries outside cannabis.”

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Adelia Carrillo
Adelia Carrillo is the Founder & CEO of Direct Cannabis Network. Direct Cannabis Network is the leading digital B2B news network that highlights the startups, entrepreneurs and innovative companies in the cannabis industry. With her roots in the corporate and consumer electronic industry, her passion for technology, startups and innovation has been a key strength in her transition into the cannabis space. Becoming a voice for the upcoming startups, uniting the cannabis business community, Adelia is building an inspiring yet prominent voice in the world on the topic of cannabis entrepreneurship. In her free time, she enjoys cooking, reading and meditation. She is engaged to Ali Fakhri, a serial entrepreneur who is also in the cannabis industry. They currently reside in San Diego, California. For more information on Adelia Carrillo or Direct Cannabis Network, you can visit. www.directcannabisnetwork.com

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