About Canndescent
Canndescent is a company based in Santa Barbara (United States) founded in 2015 was acquired by Power REIT in February 2021. Canndescent has raised $57 million across 4 funding rounds from investors including Power REIT, Green Acre Capital and Altitude Investment Management. Canndescent has completed 1 acquisition, including Veuve Clicquot. Canndescent operates in a competitive market with competitors including LeafLink, Confident Cannabis, Tractor Zoom, Maalexi and Tridge, among others.
- Headquarter Santa Barbara, United States
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Sectors
RetailAgriculture
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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 Canndescent Mbc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$57 M (USD)
in 4 rounds
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Latest Funding Round
$27.5 M (USD), Series C
Sep 10, 2019
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Investors
Power REIT
& 7 more
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Employee Count
Not available
- Investments & Acquisitions
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Acquired by
Power REIT
(Feb 04, 2021)
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People of Canndescent
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Funding Insights of Canndescent
Canndescent has successfully raised a total of $57M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $27.5 million completed in September 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.
Investors in Canndescent
Canndescent has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Power REIT, Green Acre Capital and Altitude Investment Management.
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Green Acre Capital is focused on cannabis industry investments.
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Investments are focused on the emerging global cannabis industry.
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Investment services are offered in healthcare and cannabis sectors.
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Investor details for Canndescent
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Investments & Acquisitions by Canndescent
Canndescent has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Veuve Clicquot.
Investment portfolio details for Canndescent
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Champagne is produced and marketed globally by Veuve Clicquot.
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Complete acquisition details for Canndescent
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Financial Statements - Canndescent
Detailed financials for Canndescent
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Canndescent Comparisons
Peer comparison for Canndescent
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Competitors of Canndescent
Canndescent 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 LeafLink, Confident Cannabis, Tractor Zoom, Maalexi and Tridge, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online marketplace platform for cannabis traders
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Online platform for cannabis producers
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Online listing platform for farm equipment
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Farm products are traded via an online B2B marketplace.
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Farm products are traded via an online B2B marketplace.
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Detailed competitors of Canndescent
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Latest news on Canndescent
Complete news archive for Canndescent
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Frequently Asked Questions about Canndescent
Canndescent was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Canndescent is headquartered in Santa Barbara, United States. It is registered at Santa Barbara, California, United States.
Canndescent is a funded company, having raised a total of $57M across 4 funding rounds to date.
Canndescent was founded in 2015 in Santa Barbara, United States, as an integrated operation in the cannabis sector. Cannabis strains are cultivated in micro grow rooms within a solar-powered indoor facility. Processed products, including flower and rolls, are supplied to consumers for medicinal purposes. The focus remains on controlled production to meet market demands in the region.
Canndescent's top competitors include LeafLink, Confident Cannabis and Nabis.
Canndescent has made 1 acquisition, including Veuve Clicquot.
Canndescent has 8 investors. Key investors include Power REIT, Green Acre Capital, Altitude Investment Management, Senterra, and JW Asset Management.