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.