About Allegany Marijuana
Allegany Marijuana is a company based in Cumberland (United States) founded in 2016 was acquired by TerrAscend in April 2022.. Allegany Marijuana operates in a competitive market with competitors including Auxly, Cresco Labs, TerrAscend, Goodness Growth Holdings and Green Cures & Botanical Distribution, among others.
- Headquarter Cumberland, United States
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Sectors
Consumer
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
TerrAscend
(Apr 11, 2022)
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Funding Insights of Allegany Marijuana
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Allegany Marijuana
Allegany Marijuana has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include TerrAscend. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Cannabis dispensaries are operated and medical products are retailed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Allegany Marijuana
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Allegany Marijuana
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Allegany Marijuana Comparisons
Competitors of Allegany Marijuana
Allegany Marijuana operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Auxly, Cresco Labs, TerrAscend, Goodness Growth Holdings and Green Cures & Botanical Distribution, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Platform for managing cannabis manufacturing operations is provided.
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| domain | founded_year | HQ Location |
Retailer of cannabis based products
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| domain | founded_year | HQ Location |
Cannabis dispensaries are operated and medical products are retailed.
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| domain | founded_year | HQ Location |
Retailer of cannabis products
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| domain | founded_year | HQ Location |
Cannabis products are distributed across the United States market.
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Provider of an E-commerce platform for cannabis products
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Allegany Marijuana
Frequently Asked Questions about Allegany Marijuana
When was Allegany Marijuana founded?
Allegany Marijuana was founded in 2016.
Where is Allegany Marijuana located?
Allegany Marijuana is headquartered in Cumberland, United States.
What does Allegany Marijuana do?
Allegany Marijuana was established in 2016 in Cumberland, United States, within the cannabis retail sector. Dispensary and retail operations are conducted, focusing on the distribution and sale of marijuana products. Services are extended to local consumers via physical locations and the online domain alcommd.com. The company maintains compliance with regional regulations in its geographic area of operation.
Who are the top competitors of Allegany Marijuana?
Allegany Marijuana's top competitors include Auxly, TerrAscend and Cresco Labs.
Who are Allegany Marijuana's investors?
Allegany Marijuana has 1 investor. Key investors include TerrAscend.
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