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LeafLink Acquires Wholesale Marketplace Leaf Trade

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Combined companies are estimated to facilitate nearly $9 billion in wholesale gross merchandise value (GMV) yearly

Acquisition further streamlines technology tools available for cannabis operators to run their businesses more efficiently

LeafLink’s suite of cannabis solutions now includes B2B Marketplace tools, business banking, payment options like Payment on Sell-Through, data insights, B2B advertising, and retailer tools

NEW YORK, Nov. 26, 2024 /PRNewswire/ — LeafLink, the nation’s leading cannabis wholesale platform, today announced it has acquired Leaf Trade, a wholesale marketplace primarily used by multi-state operators (MSOs) and enterprise cannabis companies.

With this deal, LeafLink will support the full spectrum of cannabis businesses, from small brands and retailers to MSOs, with robust marketplace offerings and industry-leading tools. The LeafLink and Leaf Trade technology platforms will operate as-is without disruption while a full integration roadmap is rolled out.

“Leaf Trade has been the clear industry leader serving the MSO and enterprise segment and we are thrilled to welcome the Leaf Trade team to LeafLink. We look forward to working closely with our new customers and providing integrated technology solutions that allow them to run their businesses more efficiently,” said Artie Minson, President and CEO of LeafLink. “Our mission at LeafLink is to help the regulated cannabis industry reach its greatest potential. We’re doing this by providing products and implementing standards that significantly streamline operational processes and meaningfully improve financial performance. Streamlining the technology stack is critical to ensuring the industry’s long-term success and we are thrilled to be partnering with the industry’s largest companies in pursuit of this goal.”

“This acquisition is an incredible win for our team, our customers, and the advancement of the cannabis industry. The Leaf Trade team has done a tremendous job driving significant growth while achieving profitability. With LeafLink’s acquisition of Leaf Trade, we’re unifying our strengths to create even more innovative solutions that drive growth and value across the supply chain. We are excited that our customers will now be able to leverage some of the major product investments that LeafLink has made recently,” said Brian Ward, CEO of Leaf Trade. “Sweed, a partner of Leaf Trade under High Tech Holdings, will remain an independent business, which allows us to reinvest in its growth and continue building on the tremendous momentum we’ve achieved. By leveraging our strategic partnership with LeafLink, Sweed will deliver smarter tools that empower our customers to drive growth and streamline operations.”

This past year, LeafLink has gained significant momentum behind its product portfolio with a suite of new tools. These new additions include Payment on Sell-Through, an industry-first fintech tool that tackles delinquent payments and enhances LeafLink’s existing payment tools; LeafLink Plus, a subscription service that includes detailed inventory analytics; and enhanced access to reliable, compliant, and safe cannabis business banking on the LeafLink platform via the acquisition of Dama Financial. These new products complement and enhance LeafLink’s existing product suite, which includes marketplace tools, targeted advertising, SaaS integrations, logistics software, and market insights.

As a result of strong performance, organic growth opportunities, and its focused mission to be the B2B operating system for the regulated cannabis industry, LeafLink recently upsized its Series D fundraising round from $100 million to $125 million. Investors in the Series D financing include CPMG, Nosara, L2 Ventures, Thrive Capital, and Tiger Global.

Contact: Press@LeafLink.com

About LeafLink
Founded in 2016, LeafLink is the wholesale cannabis industry’s leading B2B technology platform helping thousands of customers in 30+ markets. LeafLink believes that better access to modern financial services will propel the industry towards sustainable growth. In July of 2024, LeafLink announced the acquisition of leading cannabis banking platform Dama Financial in order to provide access to safe, reliable, and compliant banking. In 2024, LeafLink was included in the Fast Company, Best Workplaces for Innovators List in the Banking, Finance, and Fintech category and was also awarded Green Market Report’s Best Cannabis Fintech

About Leaf Trade
Leaf Trade, a pioneering wholesale cannabis platform, is transforming how the industry connects cultivators, distributors, and retailers. By streamlining the supply chain and integrating with top industry systems, Leaf Trade ensures efficient and compliant transactions. With a significant presence in over 25 states and trusted by many of the largest cannabis operators, Leaf Trade stands out as a reliable and innovative solution for the cannabis market.

About Sweed
Sweed is redefining cannabis retail management with its cohesive platform, seamlessly combining Point of Sale, eCommerce, and Marketing & Loyalty solutions. As the original enterprise-grade platform purpose-built for multi-location scalability, Sweed empowers retailers to efficiently manage sales, customer engagement, marketing, and inventory — all from one system. By delivering a tailored, data-driven experience without relying on external integrations, Sweed enables cannabis retailers to drive growth and deliver exceptional customer experiences. For more information, visit https://sweedpos.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/leaflink-acquires-wholesale-marketplace-leaf-trade-302316665.html

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Sciene Launches Enterprise AI Platform to Transform Business Operations

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Creators of Quartile introduce secure, comprehensive AI solution for businesses seeking automated efficiency and data-driven growth

NEW YORK, Nov. 26, 2024 /PRNewswire/ — The creators of Quartile, the world’s leading retail media optimization platform, are excited to announce the launch of the revolutionary enterprise AI platform, Sciene. The new company introduces a comprehensive suite of AI-powered tools designed to streamline business operations, enhance data analysis, and improve client communications while maintaining the highest security standards.

Sciene’s platform features four core functionalities: a secure private AI chat interface, interactive AI virtual assistants for internal knowledge management, an AI insights generator that integrates with existing databases, and an AI-driven sales performance analysis tool. Originally built to enhance data analysis, automate reporting, and standardize client communication at Quartile, the platform made a profound impact on the business. This inspired Quartile’s founders to make these solutions more widely available to businesses looking to strategically leverage AI technology.

“At Sciene, our mission is to empower businesses with advanced AI solutions that drive growth and improve productivity while keeping data secure,” said Solano Campos, CTO at Sciene. “We understand the challenges companies face when adopting AI, so we’ve built a platform that’s easy to use and integrates seamlessly with tools like Salesforce and Microsoft Azure. Our team is dedicated to providing customized solutions that fit each business’s unique needs. We’re excited to help organizations transform their data into valuable insights and make AI accessible for everyone, no matter their size or industry.”

The platform is ideal for businesses that require sophisticated AI capabilities but lack the internal expertise and resources to build such infrastructure in-house. Sciene’s white-glove service approach includes building custom infrastructure, establishing data connections, and developing tailored solutions for each client’s specific needs.

“Working with Sciene has been transformative for us at Vitacup,” said Brandon Fishman, CEO of Vitacup. “The platform’s ability to deliver near real-time insights into consumer behavior has completely changed the way we approach our campaigns. Sciene doesn’t just provide data—it delivers actionable items that allow us to fine-tune our strategies immediately, maximizing both relevance and impact. In a complex, fragmented multichannel landscape, Sciene stands out by seamlessly integrating data from multiple sources into one cohesive view. We’re now able to process massive data volumes that would otherwise require an entire team, each person working with their own method. Sciene has given us a level of efficiency, scale, and consistency that would be difficult to achieve without it. This tool has been a true game changer.”

Key features of the Sciene platform include:

Automated report generation and data analysisSecure AI chat capabilities that prevent data leaksInteractive knowledge management systemsReal-time sales performance insightsSeamless integration with existing business tools and databasesCustom infrastructure development and implementation support

The platform is already operational and serving clients, demonstrating proven success in automating routine tasks, standardizing communication, and accelerating business processes. By providing both the technological infrastructure and a comprehensive service layer, Sciene stands out in the market as a complete solution for businesses looking to leverage AI technology effectively.

For more information about Sciene and its AI-powered business solutions, visit https://sciene.com.

About Sciene
Sciene is an enterprise AI platform created by the founders of Quartile, delivering secure, comprehensive AI solutions that enhance business performance through automation, data analysis, and improved communication. The platform offers customized solutions for companies, enabling them to leverage advanced AI capabilities without building internal infrastructure.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sciene-launches-enterprise-ai-platform-to-transform-business-operations-302316769.html

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The Concinnity Company Announces Latest Release of Cloud Concinnity®, its Award Winning eClinical Trial Management Software

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NASHVILLE, Tenn., Nov. 26, 2024 /PRNewswire/ — The Concinnity Company has announced the release of Cloud Concinnity® 3.3.0. Cloud Concinnity is an integrated process management platform for clinical trial oversight. Concinnity was recently named a Top Ten eClinical Trial Management Solution Provider.

Clinical trial sponsors and clinical research organizations (CROs) manage dozens of ongoing clinical studies simultaneously throughout the year. Each of these studies requires centralization of data to create a single source of truth, and to both facilitate and control access. Vast teams of people collaborate across geography and time zone requiring the ability to work asynchronously on information and also meet as required by FDA and study protocols. Cloud Concinnity has become the go-to solution for centralization, collaboration and compliance challenges for hundreds of users managing processes crucial to improving global health and well being. Their usage of our platform and commitment to their work means Cloud Concinnity gets better and better with every release.

Cloud Concininty’s 3.3.0 release further enhances our meeting scheduling functionality. It is designed specifically for scheduling meetings among sponsors, committee members and other required parties. Selection of available times are now even easier to select from calendar views. And we’ve solved a time zone issue for teams with users in several different time zones.

The workforce challenges in the industry, availability and turnover, challenge security, efficiency and training. Cloud Concinnity has enhanced features to facilitate staffing changes, both temporary and part time, that ensure ongoing consistency, efficiency of compliances of required processes and services.

Additional enhancements include our system generated reminders features and changes to two factor authentication across challenging geographies.

Concinnity is 21 CFR Part 11 compliant platform is architecting the paradigm of tech-driven clinical trial oversight. The ecosystem has grappled with inefficiency and outdated technology for far too long. Current solutions rely on manual efforts and multiple tools. This approach is simply unsustainable. 

Cloud Concinnity brings centralization, collaboration and compliance to mission critical clinical trial processes. The result? Process standardization & optimization and enhanced capacity & controls that drive efficiency, growth, and preventive compliance. Cloud Concinnity’s powerful, integrated workflow engine ensures better outcomes at lower cost. 

To Learn More about Cloud Concinnity Contact: 386923@email4pr.com or (615) 988-1501

About Concinnity:

Cloud Concinnity® is an integrated software platform for clinical trial oversight. As a single, secure platform to manage, execute and record key processes, it drives a higher level of efficiency, speed and risk mitigation. Cloud Concinnity also unlocks the value of big data buried within multiple systems. The result is better product lifecycle management and decision making. Concinnity transforms information flows, communications, and processes. By standardizing and automating these activities, treatments can reach patients faster and at a lower cost. We are dedicated to harnessing the power of process, innovation, and technology to create a stronger, healthier world. For more information on how we are building a better future one clinical trial at a time visit The Concinnity Company.com

View original content:https://www.prnewswire.com/news-releases/the-concinnity-company-announces-latest-release-of-cloud-concinnity-its-award-winning-eclinical-trial-management-software-302316772.html

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Sumsub and Elliptic Team Up to Tackle Crypto Financial Crime

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Sumsub integrates Elliptic’s blockchain analytics to enhance crypto wallet screenings and risk assessment capabilities for clients

LONDON, Nov. 26, 2024 /PRNewswire/ — Sumsub, a full-cycle verification platform, has announced its integration with Elliptic, the global leader in cryptoasset risk management. This partnership enhances Sumsub’s Crypto Transaction Monitoring and Travel Rule solutions, offering global clients enhanced capabilities to screen cryptocurrency wallets, detect fraud, and assess transaction risks.

Blockchain-related crime, including money laundering and fraud, continues to be a growing concern. According to Sumsub’s Identity Fraud Report 2024, crypto was among the top-5 industries with the highest fraud rates in 2024. Recently, the United States Federal Bureau of Investigation (FBI) created its own crypto token to take down criminals. In light of this, integrating Elliptic’s market-leading analytics into Sumsub’s platform enables firms to protect users, providing a comprehensive view of blockchain transactions to mitigate financial crime.

The integration allows clients, including firms in the blockchain, fintech, and payments sectors, to seamlessly connect existing Elliptic subscriptions to Sumsub’s system via the Bring Your Own Key (BYOK) model. This enables clients to use their own encryption keys to manage and secure their data, ensuring full control over sensitive information while using Sumsub’s compliance and monitoring services. Customers can connect their existing functionality from Elliptic’s platform with Sumsub’s, unifying their workflows around cryptocurrency wallet screenings on one dashboard. Now, Sumsub’s clients can ensure alignment with stringent regulatory requirements, with Elliptic providing the broadest coverage of cryptoassets and blockchains available on the market.

Key benefits of the integration include:

Automated workflows for screening crypto wallets and transactionsReal-time risk assessments powered by Elliptic’s extensive blockchain dataDeeper investigation capabilities, accessible directly through the Elliptic dashboard when requiredSeamless integration for new and existing clients, eliminating the need for separate workflows or additional systems

“We’re excited to partner with Sumsub to create a stronger shield against financial crime in the crypto industry. As blockchain technology advances, so do the threats it faces, making comprehensive and adaptive tools essential,” said James Smith, co-founder of Elliptic. “By integrating Elliptic’s cutting-edge blockchain analytics with Sumsub’s trusted verification and compliance platform, we’re empowering businesses to proactively address risks, protect their users, and stay ahead of regulatory demands. This integration not only strengthens fraud detection but also fosters greater transparency and trust in the evolving crypto space, helping firms navigate a complex landscape with confidence.”

“This partnership marks a significant step forward for crypto transaction monitoring, as Elliptic is a renowned, leading player in the blockchain analytics space. By integrating its analytics, we can continue to push the boundaries in fighting against financial crime, with the largest global ecosystem of virtual asset service providers (VASPs),” said Ilya Brovin, Chief Growth Officer at Sumsub. “At Sumsub, we are committed to fostering trust in the crypto sector. Together with Elliptic, we can provide powerful tools to streamline compliance, mitigate risks, and stay ahead of emerging threats in the sector.”

To learn more about Sumsub’s Transaction Monitoring and KYC/AML compliance offering for crypto, please visit https://sumsub.com/crypto/

About Elliptic 

Elliptic is the global leader in cryptoasset risk management for crypto businesses, governments, and financial institutions worldwide. Recognized as a WEF Technology Pioneer and backed by investors including J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist financing, fraud, and other financial crimes. Elliptic is headquartered in London with offices in New York, Singapore, and Tokyo.

About Sumsub

Sumsub is a full-cycle verification and ongoing monitoring platform that secures the whole user journey. With Sumsub’s customizable KYC, KYB, Transaction Monitoring, Fraud Prevention and Travel Rule solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.

Sumsub has over 2,500 clients across the fintech, crypto, transportation, trading, e-commerce and gaming industries including Bitpanda, Wirex, Avis, Bybit, Huobi, Kaizen Gaming, and TransferGo.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sumsub-and-elliptic-team-up-to-tackle-crypto-financial-crime-302316791.html

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