Press Release April 20, 2020

Greenbits Raises $23 Million in Series B Funding Led by Tiger Global and Casa Verde

The Technology and Cannabis teams advised Greenbits on its $23 million Series B financing round. Coming at a time of economic uncertainty, the investment reinforces Greenbits' leading market position.

Greenbits is the nation's largest legal cannabis retail platform. The company processes $3.7 billion in regulated cannabis sales annually on its point-of-sale platform.

Tiger Global Management, a New York-based investment firm focused on growth-oriented internet, software, consumer and payments, co-led the round with Casa Verde, a Los Angeles-based cannabis investment fund. DNS Capital and several prominent industry executives with experience in software and payments also participated in the round.

The Goodwin team was led by technology lawyers Caine Moss, Sean Montgomery, Victor Wang and Steve LoCascio.

For more details, read the press release.