Reed Smith Guides Pot Industry Financier's $250M Debt Deal

Law360 (July 23, 2020, 5:37 PM EDT) -- The supply chain financing arm of LeafLink, a wholesale marketplace for the cannabis industry, has closed a Reed Smith LLP-steered $250 million debt financing deal with a private commercial lender, which the company said is one of the largest cannabis debt financing deals completed to date.

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.

"We are excited to announce this milestone — it's a huge leap forward for the cannabis industry and marks a...

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