About Canndara
Canndara is a company based in Edmonton (Canada) founded in 2017 was acquired by Decibel Cannabis in January 2019.. Canndara operates in a competitive market with competitors including Auxly, TerrAscend, Neptune Wellness, Green Tank Technologies and HEXO, among others.
- Headquarter Edmonton, Canada
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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
Decibel Cannabis
(Jan 24, 2019)
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Funding Insights of Canndara
| 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 Canndara
Canndara has secured backing from 1 investor. Prominent investors backing the company include Decibel Cannabis. 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 products are produced and distributed by Decibel Cannabis.
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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 Canndara
| 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 - Canndara
| 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 |
Canndara Comparisons
Competitors of Canndara
Canndara 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, TerrAscend, Neptune Wellness, Green Tank Technologies and HEXO, 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 |
Cannabis dispensaries are operated and medical products are retailed.
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| domain | founded_year | HQ Location |
Manufacturer of cannabis products and retail services
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| domain | founded_year | HQ Location |
Private label vape products including vaporizers and cartridges are manufactured.
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| domain | founded_year | HQ Location |
Cannabis-based products are manufactured by HEXO in Canada.
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| domain | founded_year | HQ Location |
Retailer of diversified 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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Frequently Asked Questions about Canndara
When was Canndara founded?
Canndara was founded in 2017.
Where is Canndara located?
Canndara is headquartered in Edmonton, Canada. It is registered at Edmonton, Alberta, Canada.
What does Canndara do?
Canndara was founded in 2017 and is based in Edmonton, Canada. Operations are focused on the retail sector of the cannabis industry, where various cannabis products are distributed to consumers. Services include sales through online and physical channels via the domain canndara.com. The company serves the Canadian market, adhering to local regulations for cannabis distribution.
Who are the top competitors of Canndara?
Canndara's top competitors include Auxly, TerrAscend and HEXO.
Who are Canndara's investors?
Canndara has 1 investor. Key investors include Decibel Cannabis.