Burns & Levinson announced that it represented Sweed in its merger with Leaf Trade. The combined platform will enable businesses to manage their entire retail operations in a single place.
The Burns & Levinson deal team was led by partner Frank A. Segall, who chairs the firm's cannabis business & law advisory group and business law group, and partner Mark Manning.
According to the company, Sweed streamlines retail operations and saves cannabis companies a significant amount of time and money. With Sweed, cannabis businesses own their consumers through a private-label e-commerce experience, in-store kiosks, and native apps. They do not have to share their customer's data with other conglomerates. Sweed is built on a proprietary data engine that allows cannabis operators to transform their cross-channel e-commerce, marketing, and loyalty programs into truly data-driven solutions increasing efficiency and monetization.
"We were thrilled to work with Sweed, and their entire management team, to bring this transformative deal to fruition," stated Segall. "Mergers can be especially complex, especially in a highly regulated industry, but we were able to navigate through all of the critical issues to complete this pivotal business transaction. We look forward to supporting the company's ongoing and continued success in the marketplace."
Burns & Levinson has experience in cannabis and hemp/CBD business formation and corporate structuring, private placements, venture capital, M&A, securities, banking issues, fund formation, debt and equity financing, restructuring and receiverships, real estate acquisitions and leasing, intellectual property protection, 280E taxation issues, and cannabis litigation.
Photo: Benzinga edit with photos by Matthias Zomer on Pexels, squarefrog on Pixabay
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