Cannabis Technology Company Leaf Trade Raises $12.5 Million

Cannabis Technology Company Leaf Trade Raises .5 Million

Leaf Trade Closes $12.5M Series B Round, and names Brian Ward CFO The funding, which was led by Artemis Growth Partners with participation from others, will accelerate Western market expansion of the online wholesale cannabis marketplace and digital payment infrastructure. CHICAGO, April 12, 2022 /PRNewswire/ — Leaf Trade, a technology company whose platform facilitates ordering and fulfillment for sellers and buyers of wholesale cannabis products, closed its $12.5 million Series B preferred round, led by Artemis Growth Partners, bringing funding to date for Leaf Trade to a total of $22.5 million. We are delighted to continue to fund what we believe is the best team and product in the cannabis wholesale and payments sub-sector. The technology professionals leading Leaf Pay’s payment solutions are a world class team whose results in winning these large MSO clients are nothing short of impressive. William Muecke, Managing Member and co-founder of Artemis Growth Partners. Leaf Trade also announces the naming of Brian Ward as the company’s Chief Financial Officer. Brian most recently served as Verano’s CFO, leading them through their IPO and several strategic acquisitions into one of the largest public cannabis companies in the US. His experience includes leading accounting and finance, M&A, analytics, IT, procurement, tax, treasury, and investor relations teams. In addition, his background includes working at companies such as 3M and KPMG. “Leaf Trade has a tremendous product, team, and mission. I have been fortunate to work with them as a client and I’m excited to join during this pivotal time on the heels of a successful Series B. Leaf Trade powers the largest and fastest-growing players in national cannabis, and I believe that the company’s software and services platform fulfill an essential and irreplaceable role among a demanding customer base. I’m appreciative of James, Michael, and the Board for this…

Excerpt only …
Source : Cannabis Technology Company Leaf Trade Raises .5 Million

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.