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.
For more details, read the press release.