About Cann Social Tonics
Cann Social Tonics is a company based in Los Angeles (United States) founded in 2018 by Luke Anderson and Jake Bullock.. Cann Social Tonics has raised $34.73 million across 4 funding rounds from investors including InvestBev, Imaginary Ventures and Nina Dobrev. Cann Social Tonics has completed 1 acquisition, including Sweet Reason. Cann Social Tonics offers products and services including Cann Beverages, Gummy Bundles, Hi Boy, and Roadie. Cann Social Tonics operates in a competitive market with competitors including Cloud Water, K-Zen Beverages, Tinley Beverage, Nevis Brands and Planet Based Foods, among others.
- Headquarter Los Angeles, United States
- Founders Luke Anderson, Jake Bullock
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Sectors
Consumer
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34.73 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
InvestBev
& 16 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Cann Social Tonics
Cann Social Tonics offers a comprehensive portfolio of products and services, including Cann Beverages, Gummy Bundles, Hi Boy, and Roadie. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
THC-infused sparkling drinks with natural flavors and dosages.
THC-infused gummies in various flavors for consumption.
Specific THC beverage line with low-dose options.
Portable THC-infused drinks for on-the-go use.
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Funding Insights of Cann Social Tonics
Cann Social Tonics has successfully raised a total of $34.73M across 4 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(21 Jan 2020)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series A - Cann Social Tonics | Valuation | InvestBev |
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| Feb, 2022 | Amount | Series A - Cann Social Tonics | Valuation | Imaginary | |
| Oct, 2020 | Amount | Angel Round - Cann Social Tonics | Valuation | Gwyneth Paltrow , Ruby Rose |
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| 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 |
Investors in Cann Social Tonics
Cann Social Tonics has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include InvestBev, Imaginary Ventures and Nina Dobrev. 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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InvestBev is focused on supporting adult beverage brands.
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Founded Year | Domain | Location | |
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Retail and technology startups are funded by Imaginary venture capital.
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Founded Year | Domain | Location | |
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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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Founded Year | Domain | Location | |
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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 Cann Social Tonics
Cann Social Tonics has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sweet Reason. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cannabis-infused beverages are manufactured by Sweet Reason in New York.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cann Social Tonics
| 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 |
Cann Social Tonics Comparisons
Competitors of Cann Social Tonics
Cann Social Tonics 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 Cloud Water, K-Zen Beverages, Tinley Beverage, Nevis Brands and Planet Based Foods, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Functional sparkling beverages with vitamins, energy, and hemp are retailed.
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| domain | founded_year | HQ Location |
Cannabis-infused beverages are branded and distributed by K-Zen Beverages.
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| domain | founded_year | HQ Location |
Elixirs and tonics are branded by Tinley Beverage.
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| domain | founded_year | HQ Location |
Cannabis beverage products are provided in multiple US markets.
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| domain | founded_year | HQ Location |
Planet-based meat substitutes are offered as food 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 Cann Social Tonics
Frequently Asked Questions about Cann Social Tonics
When was Cann Social Tonics founded?
Cann Social Tonics was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Cann Social Tonics located?
Cann Social Tonics is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Cann Social Tonics a funded company?
Cann Social Tonics is a funded company, having raised a total of $34.73M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $2.73M, raised on Jan 21, 2020.
What does Cann Social Tonics do?
Cann Social Tonics was established in 2018 in Los Angeles, United States, by co-founders Luke Anderson and Jake Bullock. The company operates within the beverage sector, focusing on the creation and distribution of cannabis-infused non-alcoholic drinks. Products are designed as social tonics for adult consumers, with operations centered in the U.S. market. The brand maintains an online presence via drinkcann.com for product information and sales.
Who are the top competitors of Cann Social Tonics?
Cann Social Tonics's top competitors include Planet Based Foods, Nevis Brands and Tinley Beverage.
What products or services does Cann Social Tonics offer?
Cann Social Tonics offers Cann Beverages, Gummy Bundles, Hi Boy, and Roadie.
How many acquisitions has Cann Social Tonics made?
Cann Social Tonics has made 1 acquisition, including Sweet Reason.
Who are Cann Social Tonics's investors?
Cann Social Tonics has 17 investors. Key investors include InvestBev, Imaginary Ventures, Nina Dobrev, Adam Devine, and Zoey Deutch.