Leaf Trade Closes $12.5M Series B Funding Round

Leaf Trade, a Chicago-based B2B platform for cannabis technology, has closed its preferred round of $12.5 million Series B.

The round was led by Artemis Growth Partners, bringing funding raised to date to a total of $22.5 million.

This funding will help to accelerate Western market expansion for the online wholesale cannabis marketplace as well as digital payment infrastructure.

Leaf Trade, founded by James Yi, Chief Executive Officer and Michael Piermont (President and Chief Revenue Officer), is a technology company that facilitates the ordering and fulfillment of wholesale cannabis products for buyers and sellers. It powers ordering and fulfillment for cultivators, retailers, distributors, processors, and dispensaries in over 24 states, and facilitates nearly $2B in annualized net sales.

Leaf Trade also announces the naming of Brian Ward as the company’s Chief Financial Officer. He 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. His experience includes work at 3M and KPMG.

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