About Cannaray
Cannaray is a company based in London (United Kingdom) founded in 2018.. Cannaray has raised $78.09 thousand across 1 funding round. The company has 3 employees as of December 31, 2020. Cannaray has completed 1 acquisition, including Therismos. Cannaray operates in a competitive market with competitors including Tilray, Original Additions, First Natural Brands, Goodrays and The Health Store, among others.
- Headquarter London, United Kingdom
- Employees 3 as on 31 Dec, 2020
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Cannaray Brands Limited
- Date of Incorporation 04 Apr, 2019
- Jurisdiction MILTON KEYNES, UNITED KINGDOM
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Annual Revenue
$586.57 K (USD)0as on Dec 31, 2020
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Net Profit
$-5.2 M (USD)-42as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$78.09 K (USD)
in 1 rounds
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Latest Funding Round
$78.09 K (USD), Seed
May 01, 2019
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Investors
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Employee Count
3
as on Dec 31, 2020
- Investments & Acquisitions
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Funding Insights of Cannaray
Cannaray has successfully raised a total of $78.09K through 1 strategic funding round. The most recent funding activity was a Seed round of $78.09 thousand completed in May 2019. 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 1
- Last Round Seed — $78,092
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First Round
First Round
(01 May 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Seed - Cannaray | Valuation |
investors |
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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 |
Investments & Acquisitions by Cannaray
Cannaray has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Therismos. 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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Supply chain management services for unlicensed products and Controlled Drugs (CD)
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
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.
|
2014 |
Financial Statements - Cannaray
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cannaray Comparisons
Competitors of Cannaray
Cannaray 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 Tilray, Original Additions, First Natural Brands, Goodrays and The Health Store, 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 |
Online e-distributor offering cannabis products for medical purposes
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| domain | founded_year | HQ Location |
Cannabis-based wellness, personal care, and fragrance products are offered.
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| domain | founded_year | HQ Location |
Brand of cannabis oil, skin care, and wellness products
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| domain | founded_year | HQ Location |
Brand of cannabis gummies, oils, drinks, and other products
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| domain | founded_year | HQ Location |
Cannabis products are manufactured and distributed by The Health Store.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Cannaray
Frequently Asked Questions about Cannaray
When was Cannaray founded?
Cannaray was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Cannaray located?
Cannaray is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Cannaray a funded company?
Cannaray is a funded company, having raised a total of $78.09K across 1 funding round to date. The company's 1st funding round was a Seed of $78.09K, raised on May 01, 2019.
How many employees does Cannaray have?
As of Dec 31, 2020, the latest employee count at Cannaray is 3.
What is the annual revenue of Cannaray?
Annual revenue of Cannaray is $586.57K as on Dec 31, 2020.
What does Cannaray do?
Provider of cannabis-based wellness products to improve health. The products include oil, capsule, cream, tincture, balm, and gummies. These products help in reducing pain, sleep disorders, stress, depression, and improves homeostasis.
Who are the top competitors of Cannaray?
Cannaray's top competitors include Tilray, Goodrays and First Natural Brands.
How many acquisitions has Cannaray made?
Cannaray has made 1 acquisition, including Therismos.
What is Cannaray's valuation?
The valuation of Cannaray is $2.49M as of May 2019.