Canndescent
Latest round
- Series C
Last raised
- Sep 2019
Total raised
- $51M
Investors
- 7
About Canndescent
Canndescent, LLC, founded in 2015 and headquartered in Santa Barbara, US, operates in the cannabis industry, offering premium products. The company has undergone changes in its operational strategies to adapt to the evolving market. Adrian Sedlin, the CEO, brings experience from previous ventures in the industry.Canndescent provides a comprehensive suite of cannabis products, focusing primarily on premium flower and unique strains aimed at enhancing user experience. Their product line is designed to cater to both recreational and medicinal markets, addressing specific consumer needs with a focus on quality and consistency in the cannabis sector.Revenue generation is structured through direct sales of cannabis products, with a focus on premium offerings that command higher price points. Partnerships with retailers enhance market reach, complemented by a direct-to-consumer approach that increases accessibility.Canndescent plans to expand its product line with new cannabis strains and infused products expected to launch by mid-2022. The company aims to penetrate new geographic markets in the northeastern US by the end of 2023.50 mn will support these initiatives, allowing Canndescent to enhance its product development and marketing efforts to drive growth in these new territories.
Who invested in Canndescent
7 investors across 3 rounds
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Questions about Canndescent
Who invested in Canndescent?
Canndescent has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Canndescent raised?
Canndescent has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Canndescent last raise money?
Canndescent's most recent round on record is a Series C, in Sep 2019.
What does Canndescent do?
Canndescent, LLC, founded in 2015 and headquartered in Santa Barbara, US, operates in the cannabis industry, offering premium products.
Where is Canndescent headquartered?
Canndescent is headquartered in Santa Barbara, US.
Which VCs invest in companies like Canndescent?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Kleiner Perkins and Lightspeed Venture Partners back healthcare companies at Canndescent's stage. Their profiles are linked below.
VCs backing healthcare startups at Series C
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