Leafythings said its “retail support program” is intended to help retailers close up shop more efficiently and not be caught in a “wind-down process” that can take months. Leafythings attributes that delay to the “inventory requirements retailers must execute to maintain their accountability.”Article content
Jeffrey Neil, Leafything’s director of community engagement, said the company saw a “problem brewing” with that system. Leafythings also claimed it recently secured a private investment of $8 million to assist with acquisitions and experiential programs.Article content, the AGCO noted that it had been aware of the Leafythings program and stated that the platform operates “outside of the regulated market.”
“Failure to properly dispose of inventory before you close may result in compliance activity by the AGCO or action from other law enforcement agencies,” it adds.
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