Last month, the wholesale cannabis management platform LeafLink has published its second-quarter update.
LeafLink serves more than 1,000 brands and 3,000 retailers. The following are some highlights from the report.
Orders Reach $1 Billion
LeafLink said its platform has seen a tremendous growth in orders: they've reached $1 billion and cover 20 territories in Canada and the U.S.
“With $1 billion in annualized orders through the platform, LeafLink is currently processing 16% of wholesale cannabis transactions in the U.S.," according to the company.
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Joint Venture with Canopy Rivers
The idea behind the deal is to create a proprietary cannabis B2B software platform that will cover legal marijuana markets worldwide, the company said.
During the quarter, the company also released the beta version of LeafLink Financial, which allows clients to access capital and brings payments to the platform.
Industry trends, predictions for summer sales:
“Historically, July is the peak of summer sales on LeafLink, with an average 31.3% growth in sales over June.”
“Last June, disposable vapes saw a 53.77% jump in percentage of platform sales.”
“Last July, flower saw a 16.1% jump in percentage of platform sales.”
“Last August, cartridges saw a 9.93% jump in percentage of platform sales.”
Quarter Over Quarter
The number of brands and retailers using the platform grew by 11% from one quarter earlier.
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