Dutchie, The Cannabis Industry’s Highest-Flying Software Company, Falls Back To Earth | Forbes Life

Only a few months after Dutchie raised $350 million at a mouthwatering $3.75 billion valuation, a broker started reaching out to cannabis investors with a deal—buy a multi-million-dollar stake in the cannabis software company at up to a 30% discount. In April, multiple investors across the cannabis industry got an even sweeter offering: Invest in Dutchie at a $1.7 billion implied valuation.

The cannabis industry’s most valuable software company—the privately held, Bend, Oregon-based Dutchie sells e-commerce and point-of-sale software to dispensaries to help manage online orders, inventory and state law compliance—has been humbled less than a year after it raised two back-to-back rounds totaling $550 million from big names such as Tiger Global (which has backed Peloton, Roblox, Spotify and Juul), billionaire Daniel Sundheim’s D1 Capital Partners, and earlier rounds from Snoop Dogg’s Casa Verde Capital, Josh Kushner’s Thrive Capital, NBA star Kevin Durant’s fund and billionaire Starbucks CEO Howard Schultz.

Read more on Forbes: https://www.forbes.com/sites/willyakowicz/2022/06/10/dutchie-the-cannabis-industrys-highest-flying-software-company-falls-back-to-earth/?sh=6de79f073fd1

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