Leading Cannabis Gift Card Program Provider, Birchmount Network, Closes $2.5M in Seed Round of Funding

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Summary

With more than 20 years of experience in the mainstream gift card industry, Birchmount brings extensive expertise, helping leading global brands grow their business with prepaid card technology. Birchmount is bringing mainstream gift card services to the highly regulated cannabis industry with compliance at the forefront. At a CAGR of 8.8%, the U.S. gift card market is expected to be worth $239 billion by 2025. About Birchmount Network Birchmount is a full-service provider of turn-key gift card solutions for the cannabis industry, powering programs for 500+ cannabis retailers and brands across the U.S. and Canada. Proceeds Will Fuel Market Expansion Across the U.S. and Canada, Company Growth and New Integrations with Key Entities to Help Cannabis Entrepreneurs Grow their Businesses through Gift Card Technology OAKLAND, Calif., October 18, 2021 — Birchmount Network (“Birchmount” or “Company”), a full-service, turn-key cannabis gift card and marketing solution provider leveraging decades of experience in the mainstream gift card industry, announced it closed a $2.5M seed round.

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Proceeds Will Fuel Market Expansion Across the U.S. and Canada, Company Growth and New Integrations with Key Entities to Help Cannabis Entrepreneurs Grow their Businesses through Gift Card Technology

OAKLAND, Calif., October 18, 2021 — Birchmount Network (“Birchmount” or “Company”), a full-service, turn-key cannabis gift card and marketing solution provider leveraging decades of experience in the mainstream gift card industry, announced it closed a $2.5M seed round. The...

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