Tech Company Financing Transactions
Canndescent Funding Round
Green Acre Capital, Altitude Investment Management and Carnegie Arch Capital joined a $27.5 million Series C capital raise for Canndescent. The round was announced on 9/12/2019.
Transaction Overview
Company Name
Announced On
9/12/2019
Transaction Type
Venture Equity
Amount
$27,500,000
Round
Series C
Investors
Green Acre Capital (Lead Investor) (Tyler Stuart)
Proceeds Purpose
The additional investment will help fuel the company's expansion into vapes and ingestibles as well as support the company's current growth efforts in Massachusetts, Nevada, Canada and beyond.
Company Information
Company Status
Private & Independent
Industry
Consumer
Mailing Address
3905 State St. 7-358
Santa Barbara, CA 93105
USA
Santa Barbara, CA 93105
USA
Phone
Website
Email Address
Overview
The company intends to use the funds for working capital, marketing, and additional property, plant and equipment. Canndescent has created a brand of cannabis flower produced, packaged and distributed in accordance with all state and local laws.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Adrian Sedlin
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Where The Data Comes From
We report on every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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