Leaflin
k, the industry-standard wholesale management platform, simplifies how cannabis brands and retailers manage orders, payments, and shipments across 30 markets, with more than $5B worth of orders annually processed through it.
LeafLink Integration allows for the automatic download of sales data into DEAR on a configurable time interval from LeafLink, as well as synchronization of stock levels between Dutchie and DEAR. Product Information such as name, description, wholesale price, sale price, and retail price can also be updated/unlinked from DEAR into LeafLink.
Streamlined operations
The world’s largest wholesale cannabis marketplace has made life simpler for brands and retailers alike to streamline their operations. Utilizing logistics management, payment, and financing solutions to expand businesses while keeping the focus on product distribution to consumers – they currently serve enterprises across California, Massachusetts, Michigan, and Pennsylvania from their unified B2B platform.
LeafLink’s transportation and payment solutions are tailored specifically for each market, meeting the individual operational needs of each company. They include warehousing and fulfillment solutions for distributors and retailers; a supply chain platform offering buyers risk-free terms, flexible schedules, and central order visibility; as well as an ACH transfer payment tool that lets companies pay for orders through this payment tool.
Additionally, the company’s unified marketplace helps cannabis businesses increase discoverability for customers – making it simpler for consumers to locate their favorite products – while making inventory management and tracking straightforward so businesses can reduce operational costs and maximize profit margins.
Cannabis companies that rely heavily on data management can reduce monthly operational expenses by 20 percent using the bundled pricing model, creating significant cost-cutting opportunities. Wholesalers may even benefit from reduced transactional fees.
Leaflink customers benefit from streamlined operations to expand their businesses while remaining compliant with regulations. It integrates with dispensaries and third-party systems to reduce manual data entry; eliminate double entry; automate workflows; make managing data simpler and increase productivity.
Camaraderie licensees Syntrophia (CO) and Wheelhouse (MI), use LeafLink to manage their process for selling bulk cannabis to retail partners in Colorado and Michigan. By taking advantage of LeafLink’s full platform they have reduced time-to-cash issues and consolidated accounts receivable processes while myBI/MarketScape tools provide insights on account level or market-specific information.
Syntrophia’s team was one of the early adopters of LeafLink’s Flexible Payments solution in Colorado. By adopting it, Syntrophia offered retailers risk-free terms with flexible payment schedules while receiving payments quickly after delivery confirmation – helping speed their time-to-cash and giving them more purchasing power through an approved line of credit with LeafLink.
Increased revenue
LeafLink is a wholesale cannabis technology company offering products and services tailored specifically for brands and retailers, including ordering, CRM, fulfillment, and shipment queue management. Their platform also enables users to stay in contact with customers while tracking sales – providing secure payment processing systems for both buyers and sellers alike.
As the company expanded, its revenues have also grown as its services have evolved. They now offer a full-service platform capable of handling payment, financing, and delivery through partnerships with logistics providers; additionally, they assist with marketing and sales initiatives essential to building cannabis brands.
LeafLink’s business goal is to streamline the ordering process for retailers and brands while expanding its presence in key markets. Now operating across 30 states, they process over $5 billion annually in orders. In addition, LeafLink provides marketing and customer service support for clients including March & Ash, Wana Brands, and Higher Path.
Gaining revenue for marijuana businesses is essential, particularly during seasonal periods. Wholesale gross merchandise value (GMV) typically increases 15% year-on-year during this time due to higher demand for high-margin product categories; by avoiding stockouts and offering customized deals directly to dispensaries during these peak seasons, cannabis brands can maintain profitability during these critical seasons.
LeafLink recently secured $100 million Series D funding led by CPMG, L2 Ventures, and Nosara Capital. Following this round, LeafLink restructured its C-suite by moving co-founder and CEO Ryan Smith from his position of Executive Chairman to Executive Chairman while We Work co-CEO Artie Minson became President; Co-founder and Chief Technology Officer Zach Silverman will serve as Senior Advisor; Karan Gupta from used car marketplace Shift Technologies will replace Silver man as CTO for LeafLink.
With DEAR’s integration of LeafLink, you can automatically import orders from LeafLink into Pending Sales. Each downloaded order will also be assigned a Log Entry which allows you to track and delete sales tasks associated with every LeafLink sale – this option can be enabled or disabled within the DEAR Settings menu.
Investing in the East Coast
LeafLink is the cannabis industry’s wholesale platform that assists retailers and brands with managing sales, shipping, payment systems, advertising campaigns, margin management, and margin control operations. Operating across 30 markets globally with orders totaling $5 billion processed each year – it is supported by investors including Founders Fund, Thrive Capital, Lerer Hippeau Ventures, and Nosara Capital with teams located in New York City, Los Angeles, and Toronto.
LeafLink has expanded into the East Coast in hopes of capitalizing on New York’s emerging legal marijuana market. Due to a regulatory prohibition against vertical integration, LeafLink’s approach will focus on helping various businesses connect in an interlinked marketplace. They have hired Moloney, who joined them as their regional director in February after having worked as a finance professional at startup companies before. She’s eager to assist the cannabis industry grow as part of the local economy.
LeafLink recently expanded to the East Coast while restructuring its C-suite. Co-founder Ryan Smith will step down from CEO, but remain as an executive chairman; Artie Minson from We Work and other tech companies will replace him as president of LeafLink.
Cannabis industry growth is on an exciting path, yet many challenges still exist. Importing products from overseas is both complex and costly. Furthermore, regulation affairs are challenging for businesses to navigate effectively. LeafLink is working towards streamlining processes and cutting costs so it can continue to expand while staying ahead of its competition.
Established in 2015, LeafLink is a business-to-business technology company providing cannabis retailers and brands with tools for managing their operations. Their flagship product, LeafLink Distribution, serves as an online marketplace facilitating wholesale cannabis product sales to retail stores. Furthermore, the company also offers LeafLink Financial as a transaction management software solution tailored to cannabis industry transactions.
LeafLink recently raised a $40 Million Series C financing round. Led by Founders Fund with participation from Thrive Capital and Nosara Capital. This represents one of Founder Fund’s largest investments in cannabis technology companies. These funds will be used to improve services while expanding into additional markets.
Taking the company public
Leaflink is a wholesale management platform for the cannabis industry. That allows brands and retailers to streamline their orders and communicate more easily. Streamlining orders while communicating directly with each other. Their customer list boasts more than 1,200 brands and thousands of retailers from the US and Canada. Their goal is to connect businesses and help them expand. Leaflink also features a central sales engine to manage inventory, reduce communication friction, and save time on paperwork responsibilities.
In the long term, LeafLink Financial’s vision is to make its technology the backbone of the cannabis industry. CEO Ryan G. Smith recently discussed its development and plans with Benzinga. Despite price compression and other challenges in the cannabis market. Revenues and GMV continue to increase while revenues and GMV remain steady. In addition to its core marketplace service. LeafLink Financial now also provides access to funding and supply chain liquidity solutions for cannabis businesses.
Investors have rallied behind LeafLink’s vision for its future, and it is expected to continue expanding. The next step for LeafLink should be going public. An option that could open up additional sources of capital and bring more partners on board. Depending on factors like revenue growth and market size. Whether an IPO could take place may depend on various goals LeafLink sets to prepare itself properly.
Launching a company publicly will require extensive preparation, including an in-depth financial review and business plan review. Launching also involves engaging investors who may not hold shares as tightly. Investors will want to make sure the business meets its growth objectives while remaining in good standing with its creditors.
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