Tech Company Financing Transactions
Canndescent Funding Round
Canndescent, based in Santa Barbara, secured $10 million from Altitude Capital Partners and Floret Ventures.
Transaction Overview
Company Name
Announced On
1/26/2018
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series B
Investors
Altitude Capital Partners (John Brecker)
Floret Ventures (Stella Kleiman)
Proceeds Purpose
With the proceeds from this round, we'll bring The Art of FlowerTM to many new customers, geographies and product categories.
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
Browse more venture capital transactions:
Prev: 1/26/2018: Botkeeper venture capital transaction
Next: 1/26/2018: Rally Rd venture capital transaction
Share this article
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.
Additional Resources for Entrepreneurs