About Local Cannabis
Local Cannabis is a company based in Kansas City (United States) founded in 2016 by Howard Keum and Michael Bang.. Local Cannabis has raised $30 million across 1 funding round from investors including Altmore Capital. Local Cannabis offers products and services including Premium Cannabis, Cannabis Genetics, and Educational Insights. Local Cannabis operates in a competitive market with competitors including Auxly, TerrAscend, Cresco Labs, Goodness Growth Holdings and Sweet Flower, among others.
- Headquarter Kansas City, United States
- Founders Howard Keum, Michael Bang
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30 M (USD)
in 1 rounds
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Latest Funding Round
$30 M (USD), Series C
Dec 19, 2018
- Investors
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Employee Count
Employee Count
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Products & Services of Local Cannabis
Local Cannabis offers a comprehensive portfolio of products and services, including Premium Cannabis, Cannabis Genetics, and Educational Insights. 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.
High-quality strains for consumer use and wellness.
Award-winning cultivars for cultivation and retail.
Resources on strains and consumption methods.
Funding Insights of Local Cannabis
Local Cannabis has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series C round of $30 million completed in December 2018. 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 Series C — $30.0M
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First Round
First Round
(19 Dec 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2018 | Amount | Series C - Local Cannabis | Valuation | Altmore Capital |
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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 Local Cannabis
Local Cannabis has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Altmore Capital. 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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Niche private investment opportunities are pursued across the U.S.
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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 Local Cannabis
| 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 - Local Cannabis
| 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 |
Local Cannabis Comparisons
Competitors of Local Cannabis
Local Cannabis 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, Cresco Labs, Goodness Growth Holdings and Sweet Flower, 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 |
Retailer of cannabis based products
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| domain | founded_year | HQ Location |
Retailer of cannabis products
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| domain | founded_year | HQ Location |
Provider of an E-commerce platform for cannabis products
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| domain | founded_year | HQ Location |
Offers cannabis dispensary and retail services
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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 Local Cannabis
When was Local Cannabis founded?
Local Cannabis was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Local Cannabis located?
Local Cannabis is headquartered in Kansas City, United States. It is registered at Kansas City, Missouri, United States.
Who is the current CEO of Local Cannabis?
Erin Carachilo is the current CEO of Local Cannabis.
Is Local Cannabis a funded company?
Local Cannabis is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Series C of $30M, raised on Dec 19, 2018.
What does Local Cannabis do?
Local Cannabis was founded in 2016 and is based in Kansas City, United States. Operations focus on the cannabis sector, where medical and recreational marijuana products are provided through both physical retail locations and an online platform. Services include boutique experiences tailored to customer needs, with emphasis on accessibility for offline and digital purchases in a regulated market.
Who are the top competitors of Local Cannabis?
Local Cannabis's top competitors include Auxly, TerrAscend and Cresco Labs.
What products or services does Local Cannabis offer?
Local Cannabis offers Premium Cannabis, Cannabis Genetics, and Educational Insights.
Who are Local Cannabis's investors?
Local Cannabis has 1 investor. Key investors include Altmore Capital.
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