About Sanctuary Medicinals
Sanctuary Medicinals is a company based in Worcester (United States) founded in 2018 by Jason Sidman.. Sanctuary Medicinals operates in a competitive market with competitors including Haven, NETA, Deep Roots Harvest, Green Dragon and Temescal Wellness, among others.
- Headquarter Worcester, United States
- Founders Jason Sidman
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Sectors
Healthcare
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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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Latest Funding Round
$10 M (USD), Debt – Conventional
Jan 27, 2022
- Investors
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Employee Count
Employee Count
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Funding Insights of Sanctuary Medicinals
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $10.0M
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First Round
First Round
(27 Jan 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2022 | Amount | Debt – Conventional - Sanctuary Medicinals | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Sanctuary Medicinals
Sanctuary Medicinals has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Chicago Atlantic. 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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Investment opportunities are pursued where risk is mispriced by Chicago Atlantic.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Sanctuary Medicinals
| 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 - Sanctuary Medicinals
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Sanctuary Medicinals Comparisons
Competitors of Sanctuary Medicinals
Sanctuary Medicinals 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 Haven, NETA, Deep Roots Harvest, Green Dragon and Temescal Wellness, 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 |
Haven is recognized as a leading cannabis dispensary in Southern California.
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Cannabis wellness and recreational products are sold online.
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| domain | founded_year | HQ Location |
Cannabis wellness and recreational products are sold online.
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Online pharmacy for recreational and medical cannabis products
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Operates cannabis dispensaries offering quality products and personalized guest experiences.
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Cannabis wellness and recreational products are sold via online pharmacy.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sanctuary Medicinals
Frequently Asked Questions about Sanctuary Medicinals
When was Sanctuary Medicinals founded?
Sanctuary Medicinals was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Sanctuary Medicinals located?
Sanctuary Medicinals is headquartered in Worcester, United States. It is registered at Worcester, Massachusetts, United States.
Who is the current CEO of Sanctuary Medicinals?
Jason Sidman is the current CEO of Sanctuary Medicinals. They have also founded this company.
What does Sanctuary Medicinals do?
Sanctuary Medicinals was founded in 2018 and is based in Worcester, United States. The company operates as an online pharmacy in the cannabis sector, where products such as edibles, tinctures, topicals, and vapes are supplied to both medical patients and recreational customers. Access to these items is provided through the domain sanctuarymed.com, with Jason Sidman serving as co-founder and CEO.
Who are the top competitors of Sanctuary Medicinals?
Sanctuary Medicinals's top competitors include VidaCann, Deep Roots Harvest and Haven.
Who are Sanctuary Medicinals's investors?
Sanctuary Medicinals has 1 investor. Key investors include Chicago Atlantic.