greenRush Closes $3.6 Million Series A Funding Round

The Amazon of Cannabis Set to Expand Recreational & Medical Marijuana
Services in California, Nevada, Massachusetts, Maryland, New York,
Pennsylvania, Illinois and More

SAN FRANCISCO–(BUSINESS WIRE)–#cannabisgreenRush,
the largest online marketplace for legally purchasing cannabis, today
announced the $3.6 million closing of its Series A Funding Round. The
Round will fuel the expansion of greenRush’s current recreational and
medical marijuana services in California, Nevada, Massachusetts,
Maryland, New York, Pennsylvania, Illinois and more.

greenRush’s
latest group of investors are highly-seasoned operators from the service
and CPG industries. They include James Weil, President of JMM
Industries, and Chris Burggraeve, former Anheuser-Busch InBev Global
Chief Marketing Officer. James Weil will be joining the greenRush Board
of Directors and Chris Burggraeve will be joining the Advisory Board.
These key advisory roles are critical to greenRush during its expansion
and beyond, providing short and long term strategic insight and
direction for overall business operations and advancement.

Rachel Shipp, greenRush Vice President of Business Development, said,
“We are thrilled to welcome James Weil and Chris Burggraeve, along with
a diverse network of notable venture capital, private equity, finance
and marketing executives, to greenRush as investment and advisory
partners.” Shipp continued, “We see an increasingly upward trend in
institutional capital’s appetite and enthusiasm for investing in the
Cannabis industry and our investors’ experience and guidance will help
poise greenRush to successfully capitalize on those opportunities — now
and in the future.”

Headquartered in the San Francisco Bay Area, greenRush
is the easiest way to legally purchase cannabis online, with hundreds of
dispensary partners and tens of thousands of cannabis products available
for delivery and express pick-up with a few simple clicks. greenRush
currently operates throughout California and Nevada, with immediate
plans to expand to Massachusetts, Maryland, Illinois, New York,
Pennsylvania, and many other states with legal cannabis laws.

Since its inception in 2015, millions of dollars in legal Cannabis
transactions have been facilitated on the greenRush
platform. As a result, greenRush’s proprietary data offers unique
insight into global online Cannabis purchasing behavior in both the
recreational and medical industries.

greenRush
Chief Executive Officer Paul Warshaw said, “As the largest technology
platform in the Cannabis industry, we’re in a unique position to have
our finger on the pulse of the latest Cannabis trends, new products and
consumer purchasing behavior.” Warshaw continued, “We are excited to
expand greenRush’s reach and service offerings in all states with new or
recently instated legal cannabis laws, but are particularly looking
forward to being a part of the recreational legalization of Cannabis in
California, the most populous state in the United States, which goes
into effect in January 2018. At its core, greenRush is dedicated to
leading the business, medicinal and recreational Cannabis communities in
a responsible, sustainable and lawful way, and we look forward to
applying our socially-conscious values and methodology to every
community within every new market, ultimately helping to shape the
societal values and accountability around legally purchasing Cannabis in
the United States.”

In September 2017, greenRush
co-sponsored a market research report with New Frontier Data, which
provided analysis and forecasting for Cannabis On-Demand: The Evolving
Trends in California’s Medical Market. The report found that annual
online cannabis sales in the state of California alone will reach nearly
$3 Billion in 2017, with millennials currently accounting for 80% of the
purchases.

Editor’s Note: greenRush.com
is a technology platform and does not physically handle (or directly
process payments for) Cannabis at any stage of its process. For more
information about greenRush
or any of its partners, please visit www.greenRush.com
or email us at info@greenrush.com.

About greenRush:

greenRush
is the easiest way to legally purchase cannabis. For consumers and
patients, greenRush
offers the largest online cannabis marketplace, with hundreds of
dispensary partners and tens of thousands of cannabis products available
for delivery and express pick-up with a few simple clicks. For
dispensaries, greenRush
provides turn-key customer relationship management and customer
acquisition services along with serving as the premier e-commerce and
retail technology platform in the Cannabis industry today. At its core, greenRush
is dedicated to leading the business, medicinal and recreational
Cannabis communities in a safe, responsible, sustainable and lawful way.
For more information about greenRush or any of its partners, please
visit www.greenRush.com
or email us at info@greenrush.com.

Contacts

greenRush
Lauren Fernstrom, 646-745-7258
lauren@greenrush.com