About PurpleMed
PurpleMed is a company based in Tucson (United States) founded in 2017 was acquired by Trulieve in December 2021.. PurpleMed offers products and services including Cannabis Strains, Edibles, Topicals, and Delivery Services. PurpleMed operates in a competitive market with competitors including Green Compass, Oakanna, Flora Farms, The Landing Cannabis Dispensary Monroe and Green Ways Delivery, among others.
- Headquarter Tucson, United States
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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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Products & Services of PurpleMed
PurpleMed offers a comprehensive portfolio of products and services, including Cannabis Strains, Edibles, Topicals, and Delivery Services. 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.
Various strains for medical relief and patient wellness.
Edible items infused with cannabis for therapeutic consumption.
Topical applications for localized pain and wellness relief.
Home delivery of cannabis products for convenient access.
Funding Insights of PurpleMed
| 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 PurpleMed
PurpleMed has secured backing from 1 investor. Prominent investors backing the company include Trulieve. 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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Provider of an online marketplace platform for cannabis products
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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 PurpleMed
| 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 - PurpleMed
| 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 |
Purplemed Comparisons
Competitors of PurpleMed
PurpleMed 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 Green Compass, Oakanna, Flora Farms, The Landing Cannabis Dispensary Monroe and Green Ways Delivery, 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 |
Specializes in retailing cannabis-based healthcare products for consumer wellness.
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| domain | founded_year | HQ Location |
Oakanna provides high-quality cannabis products with fair pricing in Oakland.
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| domain | founded_year | HQ Location |
Delivers comprehensive solutions for cannabis-based healthcare products.
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| domain | founded_year | HQ Location |
Offers medical cannabis products, consultations, and education in Monroe.
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| domain | founded_year | HQ Location |
Manages an e-commerce store specializing in medical cannabis products.
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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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Frequently Asked Questions about PurpleMed
When was PurpleMed founded?
PurpleMed was founded in 2017.
Where is PurpleMed located?
PurpleMed is headquartered in Tucson, United States. It is registered at Tucson, Arizona, United States.
What does PurpleMed do?
PurpleMed was founded in 2017 in Tucson, United States, within the cannabis industry. Dispensary services for cannabis products are operated, with supplies managed through the domain purple-med.com. Focus is placed on providing access to cannabis-related offerings for local users. The companys activities center on distribution and service delivery in the region, supporting the sectors operational needs.
Who are the top competitors of PurpleMed?
PurpleMed's top competitors include Green Compass, Oakanna and Flora Farms.
What products or services does PurpleMed offer?
PurpleMed offers Cannabis Strains, Edibles, Topicals, and Delivery Services.
Who are PurpleMed's investors?
PurpleMed has 1 investor. Key investors include Trulieve.