Cannabis startup Dutchie to buy e-commerce software developers Greenbits, LeafLogix – CNBC
Ross Lipson, left, and Zach Lipson, Dutchie co-founders. Source: Dutchie
Greenbits and LeafLogix create enterprise resource planning and point-of-sale software for cannabis companies. Dutchie declined to disclose the financial terms.
Founded in Oregon by brothers Ross and Zach Lipson in 2017, Dutchie works with 2,116 dispensaries across 36 markets in the United States and Canada to facilitate online ordering of cannabis, including pick up and delivery.
The deals come as more states like Virginia look to legalize cannabis, and the pace of consolidation in the sector accelerates. Since November, six states have passed legalization measures.
Also Tuesday, Dutchie said it has received $200 million from investors in a Series C funding round, putting its valuation at $1.7 billion.
The latest funding round was led by Tiger Global, with new investors Dragoneer and DFJ Growth. Existing investors, Casa Verde Capital, Thrive Capital, Gron Ventures and former Starbucks CEO and founder Howard Schultz, also participated.
Dutchie CEO Ross Lipson told CNBC he remains optimistic