About AltMed
AltMed is a company based in Sarasota (United States) founded in 2014 by R Michael Smullen was acquired by Verano in November 2020. AltMed has raised $39.54 million across 5 funding rounds from investors including Verano, Origin House and Elixinol.
- Headquarter Sarasota, United States
- Founders R Michael Smullen
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Consumer
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Funding Insights of AltMed
AltMed has successfully raised a total of $39.54M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in AltMed
AltMed has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Verano, Origin House and Elixinol.
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Invests in multifamily real estate and private equity in operating businesses.
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Cannabis distribution and brand development services are provided.
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Investor details for AltMed
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Investments & Acquisitions by AltMed
Investment portfolio details for AltMed
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Financial Statements - AltMed
Detailed financials for AltMed
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Altmed Comparisons
Peer comparison for AltMed
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Competitors of AltMed
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Latest news on Altmed
Complete news archive for AltMed
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Frequently Asked Questions about AltMed
AltMed was founded in 2014 and raised its 1st funding round 1 year after it was founded.
AltMed is headquartered in Sarasota, United States. It is registered at Sarasota, Florida, United States.
R Michael Smullen is the current CEO of AltMed. They have also founded this company.
AltMed is a funded company, having raised a total of $39.54M across 5 funding rounds to date.
AltMed was founded in 2014 in Sarasota, United States. Operations are conducted in the medical cannabis sector, where cannabis-based products and treatment services are supplied to patients. Focus is placed on therapeutic applications within healthcare. Services encompass product distribution and clinical treatments. Geographic activities are centered in the United States, supporting medical needs through established facilities.
AltMed has 4 investors. Key investors include Verano, Origin House, Elixinol, and MainLine Investment Partners.