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

  • 📰 Forbes
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Once valued at $3.7 billion, the Bend, Oregon-based e-commerce platform laid off 8% of its employees and some investors are looking to cash out.

. So Dutchie has become a way to invest in the industry without investing in a cannabis company. Dutchie, Lipson has said, will never grow, sell or distribute marijuana.

Dutchie was valued last year at more than 80 times its revenue. By comparison, some of the best-performing software companies are valued at 20 times revenue. Forbes estimates that Dutchie brought in $45 million in revenue last year, meaning it was valued at more than 80 times its revenues. By comparison, some of the best-performing software companies are valued at 20 times revenue.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines