LeafLink Financial's capital will provide liquidity directly to licensed businesses, the company said in Wednesday's announcement, adding that its marketplace sees $2.8 billion in orders annually, representing an estimated 30% of all U.S. wholesale cannabis.

The deal was led by Reed Smith's Jodi Schwimmer and Jeff Silberman, and it included Marc Hauser, Maria Earley, and Dan Teplin. Coverage of the deal can be found in Law360.

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