Marijuana Website Wikileaf Bought By Canadian Firm

Nesta Holding Co. has acquired Wikileaf.com, a website offering Priceline-style marijuana deals at local dispensaries.

Forbes said terms for the previously unreported deal, which occurred in December, weren’t disclosed.

Launched in 2014, Seattle-based Wikileaf allows patients and recreational customers to specify how much they want to spend in general on cannabis. It then returns a list of offers from nearby dispensaries, based on how many grams you can get at that price point.

Nesta is a Canadian private equity firm headed by Chuck Rifici, the co-founder of Canadian medical marijuana cultivator Tweed Inc. Tweed is a subsidiary of Canopy Growth Corp.,  Canada’s first publicly traded MMJ company.

“We fielded a few opportunities and considered a reverse merger with another cannabis company,” Wikileaf founder Dan Nelson told Forbes. “But we didn’t want to go down that road. We really liked [Nesta’s] background and that led us to believe they were the right people to partner with.”

 

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