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LeafLink Announces First of Its Kind Payment Option for Cannabis to Address Delinquent Payments, Improve Customer Operations

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PoST – Payment on Sell Through – guarantees payments for brands, improves visibility into inventory sell through, and reduces need for large sums of working capital for retailers

LeafLink now offers 3 forms of payments developed to foster a secure, transparent, and predictable cannabis transaction ecosystem

NEW YORK, Sept. 26, 2024 /PRNewswire/ — LeafLink, the nation’s leading cannabis wholesale platform, today announced Payment on Sell Through (PoST), a first-of-its-kind payment option for cannabis wholesale that guarantees payments to brands as retailers pay for what they sell. Along with Direct Pay and FlexPay, PoST marks the 3rd payment option offered in the LeafLink platform. In July, LeafLink acquired Dama Financial to offer customers access to a reliable, secure, and compliant banking solution. This new payment option is another significant step towards building a cannabis e-commerce ecosystem to help businesses operate more efficiently.

By using PoST, payment is guaranteed to the brand (the supplier), who receives automated weekly payments based on the prior week’s sell-through by the retailer. This new model will help alleviate delinquent payments to brands, free up needed capital for retailers, provide data insights to help both make better business decisions, and help build a more profitable cannabis industry.

“Over the last 2 years, we’ve doubled down on improving our platform to meet the needs of our customers, especially in the financial services area,” said LeafLink CEO, Artie Minson. “We’re seeing an average of 100,000 orders happen on LeafLink monthly. The need for solutions that address delinquent payments is as critical as ever. With PoST, we’re putting in place a tool that creates transparency and guarantees payment for everyone involved. It puts an end to delinquent payments while helping dispensaries reduce upfront spend on products and losses on the backend. We strongly believe that this technology will be an industry game-changer, ushering in a new era of efficiency and solving one of the industry’s biggest pain points.”

Currently, brands have been setting payment terms and are responsible for tracking down their owed receivables. On the other hand, retailers need to front large sums of cash to stock their shelves by buying in bulk, oftentimes with little data backing those decisions. They are then stuck with large accounts payable, disconnected from their actual cash flow and performance of the SKUs they’re stocking. PoST aims to solve this with an effective payment model that mirrors other consumer packaged goods, while also offering a host of additional benefits. By using PoST, retailers are able to keep more capital on hand and only pay when the product sells to the end consumer. Brands can help boost sales of their product by driving foot traffic to retailers through marketing campaigns that increase awareness and interest.

PoST is currently available in Michigan, Mississippi, and Colorado with plans to expand the offering to additional states this year and next. Customers interested in using PoST should contact their account representative for more information.

Late payments in the cannabis industry were more than $3.8 billion in 2023, about 1.6 months’ worth of all legal cannabis sales nationwide, according to an April report by Whitney Economics. The delinquency is mainly due to missed payments from dispensaries to brands and cultivators. Retailers are in a challenging environment and struggling with cash flow constraints, limited startup capital, federal tax issues from ongoing national prohibition, and competition from the illicit market.

PoST improves inventory insights by identifying the right SKUs, quantities, and order frequency for each storefront. This detailed data helps avoid stock outs and stale inventory by providing accurate data updated daily. This detailed visibility also helps brands in upstream product development based on real consumer data. The result is a more collaborative partnership between brands and retailers to optimize product sell-through and meet consumer demand.

Real World Results: Improving Data Quality, Boosting Savings, Accelerating Payments
PoST has delivered promising results in beta already. Since initial trials began in June, 70+ customers have implemented it into their workflow. Michigan based cultivator Six Labs was one of the first to use PoST and has been documenting the results. Since June, they have adjusted 3 SKUs to avoid stale and overstocked inventory, used transactional data to proactively restock a SKU and increase order size to match the discovered demand, and doubled the sales on a stale SKU to make room for new items. Six Labs has now expanded PoST integration with 4 other retailers.

“PoST gives us visibility into how our products are moving, allowing us to right-size orders for each retail partner and location,” said Ron Gibori, CEO of Six Labs. “As a result, the retailers are able to stock the right products for their customer base and make more money, and we receive more frequent, consistent orders.”

Michigan based retailer Bloom City adopted PoST and has also been documenting the results. Since implementing PoST, Bloom City has doubled sales on a pre-existing stale product through a discounting strategy, increased ordering on SKUs that sell better than previously thought, freed up needed cash on hand by not having to pay for stock up front, and had zero days of stock outages because of an enhanced look at sales data. 

“PoST has changed the way my clients think about wholesale cannabis commerce. On the sell side, Six Labs has seen immense value in having direct access to sell-through data as well as guaranteed regular payments, and they’ve already rolled it out to numerous additional customers,” said Sandra Lee, Controller of CannaPro Solutions, a company that assists with back-office needs for licensed cannabis dispensaries, processors, and growers. “On the buy side, Bloom City Club has gained powerful insight into product performance that helped them optimize ordering for each of their stores. I’ve since recommended the program to multiple other retail chains. The PoST model is a win for both brands and retailers, and I’m excited to see it change the industry for the better.”

Contact: Press@LeafLink.com

About LeafLink
Founded in 2016, LeafLink is the wholesale cannabis industry’s leading B2B technology platform helping thousands of customers in 30+ markets buy, sell, pay and ship orders. LeafLink believes that better access to modern financial services will propel the industry towards sustainable growth. In July of 2024 LeafLink announced the acquisition of leading cannabis banking platform Dama Financial in order to provide access to safe, reliable, and compliant banking. In 2024 LeafLink was included in the Fast Company, Best Workplaces for Innovators List in the Banking, Finance, and Fintech category and was also awarded Green Market Report’s Best Cannabis Fintech.

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Trakka Systems to Demonstrate Advanced ISR Capabilities at Farnborough International Airshow 2026

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51 minutes ago

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July 20, 2026

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ARLA, Sweden, July 20, 2026 /PRNewswire/ — Trakka Systems, a global leader in Critical Vision Technologies, will showcase its integrated ecosystem of mission-ready solutions at the Farnborough International Airshow 2026, taking place 20–24 July in Farnborough, United Kingdom. Visitors are invited to the Acron Aviation Flight Line Chalet (Stand C322), where Trakka will conduct live demonstrations of its flagship long-range imaging system and seamlessly integrated mapping and mission management solution while showcasing the broader Acron Aviation portfolio.

For the first time at Farnborough, Trakka Systems will conduct live demonstrations of the TrakkaCam® TC-375, giving visitors the unique opportunity to experience the system’s performance in real-world conditions. The demonstrations will also showcase the TrakkaMaps® TM-100 mapping and mission management system, providing a complete Total Mission Solution designed to enhance situational awareness, mission coordination, and operational effectiveness.

Live Demonstrations

The TrakkaCam® TC-375 is Trakka’s flagship long-range, gyro-stabilized EO/IR multi-sensor designed for the most demanding airborne ISR missions. Configured with multiple high-definition payloads, the demonstration system features:

High-definition electro-optical (EO) color cameraHD mid-wave infrared (MWIR) thermal imagerHigh-performance low-light cameraIntegrated laser rangefinder

Designed for military, border security, maritime surveillance, search and rescue, drug interdiction and law enforcement missions, the TC-375 delivers exceptional long-range target detection, recognition, and identification while maintaining outstanding image stability during dynamic flight operations.

Visitors will also experience the TrakkaMaps® TM-100 mapping and mission management system operating alongside the TC-375. Purpose-built for seamless plug-and-play integration, TM-100 enables crews to view live sensor imagery, map targets, apply augmented reality (AR) overlays, record mission data, and coordinate operations through a unified touch-screen interface, extending the capabilities of the airborne imaging system.

An Integrated Ecosystem of Critical Vision Technologies

Trakka Systems continues to expand its portfolio of mission-critical technologies while maintaining the innovation, quality, and customer focus that have defined the company for more than 25 years. Trakka’s ecosystem of Critical Vision Technologies enables operators to rapidly detect, identify, illuminate, map, record, and share critical information during missions. The seamless integration of TrakkaCam®, TrakkaMaps®, TrakkaStream®, and the globally recognized TrakkaBeam® line of high-intensity searchlights reduces installation complexity, minimizes integration time, and provides operators with a complete mission solution from a single trusted provider.

Visit Trakka Systems at Farnborough

Farnborough International Airshow is one of the world’s premier aerospace and defense exhibitions, bringing together industry leaders, military organizations, government agencies, and aerospace innovators from around the globe. The event provides an ideal opportunity to explore emerging technologies, strengthen partnerships, and experience the future of mission-critical aviation.

Trakka Systems welcomes customers, partners, and industry professionals to visit the Acron Aviation Flight Line Chalet (Stand C322) to experience live demonstrations, meet with technical experts, and discover how Trakka’s Total Mission Solutions integrate seamlessly to deliver enhanced situational awareness, improved mission coordination, and greater operational effectiveness.

As a member of the Acron Technologies portfolio of companies, Trakka Systems helps innovate technologies that create safer skies and protect lives across air, land, sea, and space.

For more information about Trakka Systems and its innovative range of Critical Vision Technologies, please visit www.trakkasystems.com.

About Trakka Systems

Trakka Systems is a global leader in the design, development, and manufacturing of Critical Vision Technology solutions for airborne, maritime, and land-based missions. With more than 25 years of innovation, Trakka delivers advanced gyro-stabilized imaging systems, high-intensity searchlights, mapping and mission management software, and mission integration solutions that support defense, law enforcement, border security, search and rescue, utility, and special mission operators around the world.

As a member of the Acron Technologies portfolio of companies, Trakka Systems helps innovate technologies that create safer skies and protect lives across air, land, sea, and space.

For more information about Trakka Systems and its innovative range of Critical Vision Technologies, please visit www.trakkasystems.com.

 

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SOURCE Trakka Systems

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JetZero and EXIM Sign Letter of Interest to Explore up to $3B in Financing for New Aerospace Manufacturing Campus in Greensboro, North Carolina

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52 minutes ago

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July 20, 2026

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Letter of Interest signed at the Farnborough International Airshow under EXIM’s Make More in America Initiative; project expected to create more than 14,500 direct jobs

FARNBOROUGH, U.K., July 20, 2026 /PRNewswire/ — FARNBOROUGH AIR SHOW– JetZero today announced that it has signed a Letter of Interest with the Export-Import Bank of the United States (EXIM) to explore up to $3 billion in potential financing support under EXIM’s Make More in America Initiative (MMIA) for the development of the company’s major advanced aerospace manufacturing campus in Greensboro, North Carolina.

The Letter of Interest, signed at the 2026 Farnborough International Airshow, establishes a framework for the two organizations to evaluate potential MMIA financing support for the construction of manufacturing facilities, production systems and equipment, and other eligible project costs. The agreement reflects a shared commitment to expanding U.S. manufacturing capacity while preserving EXIM’s full underwriting, due diligence, environmental review, and Board approval processes.

JetZero’s Greensboro campus represents a significant investment in domestic aerospace production capacity. The project is expected to create more than 14,500 direct manufacturing jobs in North Carolina, along with an estimated 53,000 additional indirect U.S. jobs, while strengthening critical industrial and supply-chain resilience and supporting future exports of U.S.-manufactured aerospace products.

“This Letter of Interest marks an important step toward building the most advanced aerospace manufacturing campus in the country and bringing tens of thousands of high-quality jobs to North Carolina,” said Tom O’Leary, JetZero CEO and co-founder. “We are excited for EXIM’s interest in supporting American manufacturing leadership and exports.”

The Greensboro campus builds on JetZero’s existing progress with EXIM in supporting project tooling, and reflects the parties’ intent to explore broader financing support for the full manufacturing campus as discussions advance.

The Letter of Interest does not constitute a financing commitment, an obligation of federal funds, or approval of any loan transaction. Any future EXIM support remains subject to all applicable statutory requirements, due diligence, underwriting review, environmental review, legal review, and approval by EXIM’s Board of Directors.

About JetZero

JetZero is an American aerospace company developing a new generation of more efficient commercial and defense aircraft. The company partners with leading manufacturers and technology providers to advance the future of flight through innovation and American manufacturing excellence.

About the Make More in America Initiative

The Make More in America Initiative (MMIA) is an Export-Import Bank of the United States program that provides EXIM’s financing tools—including loan guarantees, direct loans, and insurance—in support of domestic manufacturing projects that create U.S. jobs and enhance the nation’s export capacity.

Media Contact
Press@JetZero.aero
Follow JetZero: LinkedIn |  Instagram

Media Assets
Images and video available on the JetZero Media Center page.

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SOURCE JetZero

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CNPC launches China’s first full-chain green, low-carbon ethylene project

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52 minutes ago

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July 20, 2026

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BEIJING, July 20, 2026 /PRNewswire/ — A news report from chinadaily.com.cn:

China National Petroleum Corporation on Thursday officially put into operation the Tarim 1.2 MTA Phase II Ethylene Project and its supporting green and low-carbon demonstration facility in Korla, Bayingolin Mongolian autonomous prefecture, Northwest China’s Xinjiang Uygur autonomous region. This marks the launch of the country’s first full-chain green and low-carbon ethylene project.

As the first demonstration project in China’s petrochemical industry to apply green and low-carbon development principles throughout the entire production chain, it combines renewable energy, carbon capture and the high-value utilization of by-products. The project is expected to reduce carbon emissions by 1.37 million metric tons annually, equivalent to the carbon sequestration capacity of 5.48 million mu, or about 365,333 hectares, of forest.

The project features several technological breakthroughs. It directly uses renewable energy generated by Tarim Oilfield’s photovoltaic facilities, with around 1 billion kilowatt-hours of green electricity supplied to the complex each year. It has also completed the construction of the world’s second and China’s first domestically developed electric-driven system for the three major ethylene compressors, shifting from thermal to electric power.

In addition, it has adopted a first-of-its-kind integrated carbon capture technology in China to recover low-concentration carbon dioxide from cracking furnace flue gas that would otherwise be emitted into the atmosphere. The captured CO₂ and recovered by-product hydrogen are reused in the production process, forming a closed-loop low-carbon industrial chain that connects green power, carbon capture, blue hydrogen, blue ammonia and lower-carbon fertilizer production.

The project also reflects China’s growing technological strength. Of its 11 major production units, ten use homegrown technologies — nine of which come from CNPC, and five have been applied at industrial scale for the first time. The overall localization rate of the project has reached 99 percent, with full localization achieved for several units, including hydrogenation of pyrolysis gasoline and butadiene rubber. The project also marks a breakthrough in the domestic manufacture of large-scale extrusion and pelletizing units.

With the project now in operation, it is expected to help fill gaps in the production of high-end polyolefins, synthetic rubber and other advanced materials in southern Xinjiang, while supporting the growth of downstream 100-billion-yuan industrial clusters. It is also projected to contribute to regional economic development and create employment opportunities in Korla and surrounding areas.

 

View original content:https://www.prnewswire.com/news-releases/cnpc-launches-chinas-first-full-chain-green-low-carbon-ethylene-project-302829457.html

SOURCE chinadaily.com.cn

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