funding - Cannabis e-commerce platform Dutchie raises $350 million, valued at $3.75 billion

Cannabis e-commerce platform Dutchie raises $350 million, valued at $3.75 billion

Cannabis e-commerce platform Dutchie on Thursday (14-10-2021) said it raised $350 million in its latest funding round that valued the company at $3.75 billion.

Cannabis e-commerce platform Dutchie on Thursday (14-10-2021) said it raised $350 million in its latest funding round that valued the company at $3.75 billion.

The massive funding round is Dutchie’s second this year. The Bend, Oregon-based company raised $200 million in March when it was valued at $1.7 billion.

“Dutchie works with over 5000 dispensaries across all legal geographies in North America and processes over $14 billion in annualized sales for our dispensaries,” Ross Lipson, CEO, and co-founder of Dutchie told Reuters. He said the number of dispensaries more than doubled in the past year.

Read more at:
https://economictimes.indiatimes.com/tech/funding/cannabis-e-commerce-platform-dutchie-raises-350-million-valued-at-3-75-billion/articleshow/87022142.cms

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