LeafLink Raises $100M, Promotes Artie Minson To CEO

LeafLink, a wholesale cannabis platform, has secured a $100 million series D financing led by CPMG, L2 Ventures and Nosara Capital, alongside participation from existing investors. The investment will be funded in two tranches. LeafLink has implemented a series of executive leadership changes to drive the company's evolution.

LeafLink is evolving its executive leadership team with the following changes effective February 1, 2023:

• Co-founder & CEO Ryan G. Smith will be elevated to executive chairman.

• President & COO Artie Minson has been appointed president & CEO.

• Karan Gupta has joined LeafLink as CTO.

• Co-founder and current CTO Zach Silverman has transitioned into a senior advisor role.

"Despite recent headwinds, the cannabis industry is poised for significant growth in the years ahead. Since the company's inception, our team has built solutions that solve some of the industry's most critical problems. The series D financing provides us with a strong balance sheet that will enable continued innovation alongside our customers," stated Smith. "I'm proud to have served as CEO since LeafLink's founding and am excited to transition into the role of executive chairman where I'll remain deeply committed to LeafLink and the industry as a whole. I look forward to supporting and empowering the team in their roles."

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Photo: Benzinga edit with photo by Kindel Media on Pexels