LeallLink crosses $1 billion in payments transactions in six years

Four years ago, the headlines for CBDs and cannabis dominated the headlines as startups flocked to the space after some US states legalized the sale of recreational cannabis. Two years ago, investors moved their sights on the NFTs and pulled back from the space.

That does not mean that the CBD space is dead. Since the company's inception in 2016, LeafLink has processed more than $1 billion in transactions. This milestone for LeafLink's wholesale cannabis payment solutions shows the company's commitment to bolstering liquidity and cash flow in the industry.

LeafLink is the cannabis industry's wholesale B2B platform that helps cannabis distributors and retailers manage their operations, create, pay for, and ship their orders in 2016 by co-founder and CEO Ryan G. Smith. The startup says that LeafLink connects over 8,700 retailers with more than 3,500 brands and distributors for streamlined cannabis commerce.

Ryan G. Smith, CEO and Co-Founder of LeafLink, said that LeafLink is looking to the future of cannabis and always strives to elevate the ways in which retailers and brands interact with each other. As cannabis evolves quickly, it is important that our platform keeps up with the changing needs of our customers as we provide critical liquidity to the industry. We are very proud to reach the $1 billion milestone in payments transactions and look forward to further expanding the LeafLink community in the coming years. Joshua Adriance, Vice President of Growpacker, said that the team at Growpacker is careful to select the best systems in terms of systems to support our expanding needs. LeafLink has proven itself to be a leader in helping businesses like Growpacker meet their manufacturing and distribution goals. Their payments solutions allow us to outlay and collect capital faster with less risk tolerances, which is something that is undoubtedly necessary in this growing industry. With an easy-to- navigate platform and full flexibility and outlook into pricing, confirmations, and AR availability, LeafLink has been nothing but a positive asset to Ladybug, said Jake Brookes, COO of Ladybug Farms. We have also enjoyed working with the LeafLink team because of the financial offerings of LeafLink that enabled us to schedule our cashflow with ease. They are communicative, dedicated, and offer incredible support and guidance to help us reach our goals. Since its inception six years ago, LeafLink has raised more than $131 million in equity and a credit facility of $250 million. The startup is backed by investors and venture capital firms such as Thrive Capital, Founders Fund, Nosara Capital and Lerer Hippeau.