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Cannabis Startup Dutchie to Buy E-Commerce Software Developers Greenbits, LeafLogix


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 pickup and delivery.
The deals come as more states like Virginia look to legalize cannabis and as 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. ....

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The 26 top cannabis startups in 2021, according to investors


Post money valuation: $25 million
Biggest funding round of 2020: $1 million raised in a convertible note deal. The company said it is looking to raise Series A funding this year.
Total raised to date: $2 million 
What the company does: Abstrax is a California-based research firm that creates terpene profiles active chemicals in the cannabis plant for use in isolates, vaporizers, or even as food and beverage additives. 
Why investors like the company:
Panther Opportunity Fund s principal
Jordan Tritt says that Abstrax is pioneering consumer sensorial experiences in the cannabis industry.  
Their cutting edge research, development and formulations have the potential to revolutionize various consumer packaged goods products, he continued. ....

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