CANNDESCENT

CANNDESCENT

The Art of Flower | Ultra Premium Cannabis

Founded 2015

Santa Barbara, United States 64 employees Series C Total: $57.00M Consumer Goods

Canndescent is a leading cannabis brand house from California, founded in 2015, with the slogan "The Art of Flower | Ultra Premium Cannabis". They position themselves as a company that focuses on elevating the customer experience through quality, consistency, and education. Their innovation in the industry is evident through various initiatives such as replacing traditional strain names with effects, implementing commercial-scale solar grow, launching luxury cannabis product lines, and introducing Justice Joints, the first not-for-profit brand in cannabis donating 100% of profits to related social justice causes. Canndescent caters to diverse consumer needs through their range of brands. Canndescent is an ultra-premium, effects-based product line for luxury cannabis consumers. good brands co. is focused on sustainability and offers sun-nurtured, pure flower products. Baker’s Cannabis Co. provides value-based products for everyday consumers. JUSTICE JOINTS targets socially conscious consumers, and VOLCANNX brings exotic strains to cannabis enthusiasts. The company secured a significant $27.50M Series C investment on 10 September 2019. The investors in this round included Altitude Investment Management, Green Acre Capital, JW Asset Management, Carnegie Arch Capital, and Santerra Participacoes Ltda. Canndescent's unique positioning within the consumer goods industry, as well as their strong investor support, demonstrates their potential for growth and influence in the cannabis market. For potential career opportunities at Canndescent, visit their careers page.

Funding Stage	Amount	Investors	Lead Investors	Date
Series C	$27.50M	5	Altitude Investment Management, Green Acre Capital +3	10 Sep 2019
Venture Round	Undisclosed	1	Nimble Ventures	31 May 2019
Series C	$13.00M	2	Altitude Investment Management, Merida Capital Holdings	07 Sep 2018
Series B	$10.00M	2	Altitude Partners, Floret Ventures	25 Jan 2018
Series A	$6.50M	-		01 Sep 2016

Funding Stage

Amount

Investors

Lead Investors

Date

Series C

$27.50M

Altitude Investment Management, Green Acre Capital +3

10 Sep 2019

Venture Round

Undisclosed

Nimble Ventures

31 May 2019

Series C

$13.00M

Altitude Investment Management, Merida Capital Holdings

07 Sep 2018

Series B

$10.00M

Altitude Partners, Floret Ventures

25 Jan 2018

Series A

$6.50M

01 Sep 2016

FAQ About CANNDESCENT

The Art of Flower | Ultra Premium Cannabis

CANNDESCENT was founded in 2015.

CANNDESCENT is headquartered in Santa Barbara, United States.

CANNDESCENT operates in Consumer Goods. Its work centres on Cannabis, Luxury Branding, Social Justice and Product Differentiation.

CANNDESCENT has approximately 64 employees.

CANNDESCENT has completed 5 funding rounds, raising a total of $57.00M. The latest funding stage is Series C.

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Funding Rounds & Investors (5)

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FAQ About CANNDESCENT