About Terrace Global
Terrace Global is a Healthcare company based in Toronto (Canada) founded in 2018 by Michael Galego, Francisco Ortiz, and Stephen Arbib, and was acquired by Flowr in October 2020. Recreational and medical cannabis products are developed internationally. Its chief executive, as recorded, is Michael Galego. Its focus areas include HealthTech, Cannabis HealthTech, Cannabinoid Therapeutics and Diversified. Its competitors include ZYUS Life Sciences, Avicanna and Aleafia Health; 2 of its 3 listed competitors have raised funding.
Company details
Terrace Global was founded in 2018 and is headquartered in Toronto, Canada. Operations in the cannabis sector involve the development and acquisition of international assets. Recreational and medical cannabis products are produced through these efforts. The company maintains a focus on expanding its global footprint in the industry, with activities centered on asset integration and product innovation.
- Headquarters Toronto, Canada
- Founders Michael Galego, Francisco Ortiz, Stephen Arbib
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Website terraceglobal.ca
- Acquired by Flowr (Oct 2020)
Funding Insights of Terrace Global
- Total Rounds 1
- Last Round Post-IPO — $15M
- First Round $15M
(Aug 2020)
- Investors Count 1
All 1 funding rounds of Terrace Global with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2020 | $15M | Post-IPO | – | – |
2 investors in total: 2 institutional.
Investors in Terrace Global
Terrace Global has secured backing from 2 investors. Prominent investors backing the company include Flowr and Goldman Venture.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| goldmanventure.com | ||||
Cannabis products are supplied in the Canadian market. | 2017 | flowr.ca | Toronto, Canada |
Investor details for Terrace Global
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People of Terrace Global
13 people are tracked at Terrace Global (6 in leadership, 6 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Michael Galego | Co-Founder & CEO | Leadership |
Francisco Ortiz | Co-Founder | Leadership |
Stephen Arbib | Co-Founder | Leadership |
John Chou | CFO | Leadership |
Ben Wedeking | Head Of Cultivation | Leadership |
Stephen Lermer | President & COO | Leadership |
Lorne Gertner | Advisor | Board & advisors |
Jonathan Goldman | Co-Founder & Advisor | Board & advisors |
Maria Consuelo Araujo | Advisor | Board & advisors |
James Peterson | Advisor | Board & advisors |
Vince Gasparro | Director | Board & advisors |
Hesaam Moallem | International Advisory Board Member | Board & advisors |
Francisco Ortiz von Bismarck | Unknown Role | Team |
Complete people profiles for Terrace Global
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Timeline of Terrace Global
4 dated milestones of Terrace Global across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Terrace Global is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $15.0M.
- Exit Acquired by Flowr.
Competitors of Terrace Global
Terrace Global has 3 listed competitors in our database, 2 of them funded. They include ZYUS Life Sciences, Avicanna and Aleafia Health.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zyus.com | 2018 | Saskatoon, Canada | $19.5M | Cannabis-derived therapeutics for multiple indications are developed. | ||
| avicanna.com | 2016 | Toronto, Canada | $5.94M | Plant-derived cannabinoid products are developed for medical and consumer uses. | ||
| aleafiahealth.com | 2007 | Vaughan, Canada | Cultivator and producer of cannabis plant for consumer wellness and research applications |
Detailed competitors of Terrace Global
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Top companies in Cannabis Health Tech Ecosystem
2 companies that operate in the same segment as Terrace Global (Cannabis Health Tech Ecosystem) in Canada, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cannabis products are provided to support consumer wellness and health. | 2013 | Smiths Falls, Ontario, Canada | USD 204.24 M | 960 | ||
Provider of cannabis products, brands, and international business development investments | 2013 | Moncton, New Brunswick, Canada | USD 186.16 M | 898 |
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Frequently Asked Questions about Terrace Global
Terrace Global was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Terrace Global is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Michael Galego is the CEO of Terrace Global, as recorded in our data. They have also founded this company.
Terrace Global was founded in 2018 and is headquartered in Toronto, Canada. Operations in the cannabis sector involve the development and acquisition of international assets. Recreational and medical cannabis products are produced through these efforts. The company maintains a focus on expanding its global footprint in the industry, with activities centered on asset integration and product innovation.
Terrace Global's top competitors include Avicanna, ZYUS Life Sciences and Aleafia Health.
Terrace Global has 2 investors. Key investors include Flowr, and Goldman Venture.
Yes. Terrace Global was acquired by Flowr in October 2020.