Matt Hutchinson, SVP of Product and Head of Logistics at Leaflink joins the discussion to explore their innovative payment on sale through (POST) model. This consignment-style system guarantees payment to cannabis brands upon consumer sale, while providing retailers with capital relief and brands with real-time sales data. Hutchinson details the system's features for brand protection, automated fund movement, and how it mitigates overstocking issues.
The conversation also highlights Leaflink's acquisition of DAMA to build a robust financial infrastructure, including a mobile banking app and credit lines. The episode addresses the significant delinquent payment problems in the cannabis industry and emphasizes the need for self-reliance amidst uncertain regulatory changes.
Hutchinson explains how Leaflink's solutions aim to support cultivators and manufacturers by ensuring consistent cash flow and improved inventory management, while also discussing the expanding availability of the POST model and Leaflink's commitment to industry advancement.