About Spiritleaf
Spiritleaf is a company based in Calgary (Canada) founded in 2017. It operates as a Direct-to-Consumer (D2C), and Franchise / Licensing. Spiritleaf has raised $9.77 million across 4 funding rounds from investors including Tilray, Auxly and Flow Capital. Spiritleaf offers products and services including Cannabis Products and Gift Cards. Spiritleaf operates in a competitive market with competitors including Indiva, MYM Nutraceuticals, JWC, Kikoko and Midbar, among others.
- Headquarter Calgary, Canada
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spiritleaf Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.77 M (USD)
in 4 rounds
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Latest Funding Round
$9.3 M (USD), Series A
May 24, 2019
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Investors
Tilray
& 2 more
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Employee Count
Employee Count
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Products & Services of Spiritleaf
Spiritleaf offers a comprehensive portfolio of products and services, including Cannabis Products and Gift Cards. 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.
Cannabis products are sold through online and physical stores.
Gift cards are offered for purchase at various locations.
Funding Insights of Spiritleaf
Spiritleaf has successfully raised a total of $9.77M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $9.3 million completed in May 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $9.3M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series A - Spiritleaf | Valuation | Tilray , Auxly |
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| Apr, 2019 | Amount | Debt – Conventional - Spiritleaf | Valuation |
investors |
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| Mar, 2018 | Amount | Seed - Spiritleaf | Valuation |
investors |
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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 Spiritleaf
Spiritleaf has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Tilray, Auxly and Flow 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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Online e-distributor offering cannabis products for medical purposes
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Founded Year | Domain | Location | |
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Platform for managing cannabis manufacturing operations is provided.
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Founded Year | Domain | Location | |
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Provider of venture debt and revenue-based financing solutions tailored for businesses
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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 Spiritleaf
| 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 - Spiritleaf
| 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 |
Spiritleaf Comparisons
Competitors of Spiritleaf
Spiritleaf 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 Indiva, MYM Nutraceuticals, JWC, Kikoko and Midbar, 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 |
Produces and distributes medical cannabis
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| domain | founded_year | HQ Location |
Design-build services for cannabis cultivation facilities are provided.
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| domain | founded_year | HQ Location |
Producer and supplier of cannabis products
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| domain | founded_year | HQ Location |
Cannabis-infused herbal teas are produced and sold by Kikoko.
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| domain | founded_year | HQ Location |
Medicinal cannabis is produced via aeroponic indoor farming.
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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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Latest news on Spiritleaf
Frequently Asked Questions about Spiritleaf
When was Spiritleaf founded?
Spiritleaf was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Spiritleaf located?
Spiritleaf is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Is Spiritleaf a funded company?
Spiritleaf is a funded company, having raised a total of $9.77M across 4 funding rounds to date. The company's 1st funding round was a Seed of $466.24K, raised on Jan 22, 2018.
What does Spiritleaf do?
Spiritleaf is involved in the retail distribution of cannabis products across multiple provinces in Canada. Operations are conducted through a network of physical stores and an online marketplace. Various locations are established in Alberta, British Columbia, Manitoba, Ontario, and Saskatchewan. Franchise opportunities are provided to expand the brands presence. High-quality cannabis products are offered to customers through an easy-to-use platform.
Who are the top competitors of Spiritleaf?
Spiritleaf's top competitors include Indiva, JWC and MYM Nutraceuticals.
What products or services does Spiritleaf offer?
Spiritleaf offers Cannabis Products and Gift Cards.
Who are Spiritleaf's investors?
Spiritleaf has 3 investors. Key investors include Tilray, Auxly, and Flow Capital.