Marijuana Website Wikileaf Bought By Canadian Firm

Nesta Holding Co. has acquired, 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.”


Daily News | Briefs | Canada Marijuana News

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note: Comments are moderated by our editors who do their best to approve comments ASAP. As Marijuana Business Daily is focused on business, we approve comments that are specifically relevant to industry professionals. General opinions and questions about cannabis may not be posted.