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Founded in 2015 by Harvard MBA Adrian Sedlin and Randy Patten, Canndescent is a premium cannabis cultivator headquartered in Santa Barbara, California, that specializes in luxury flower products for the adult-use market. The company operates advanced cultivation facilities in Desert Hot Springs, where it notably established California's first municipally permitted commercial cannabis production site in September 2016. Operating exclusively within the California market, the business has scaled its operations to support a $37,100,000 revenue run rate and secured $6,500,000 in external funding. To manage its cultivation, processing, and distribution logistics, the enterprise maintains a workforce of approximately 115 employees while achieving status as the state's number one selling luxury flower brand. By emphasizing effects-based branding and rigorous compliance testing, the organization actively addresses industry challenges related to supply chain opacity and consumer toxicity.
Canndescent has raised $34.0M across 2 funding rounds.
Canndescent has raised $34.0M in total across 2 funding rounds.
Canndescent has raised $34.0M in total across 2 funding rounds.
Canndescent's investors include Tyler Stuart, Altitude Investment Management, Carnegie Arch Capital, JW Asset Management, Senterra, Adrian Sedlin, Lee McPherson, Adam Denmark Cohen.
Canndescent has raised $34.0M across 2 funding rounds. Most recently, it raised $27.5M Series C in September 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 10, 2019 | $27.5M Series C | Tyler Stuart | Altitude Investment Management, Carnegie Arch Capital, JW Asset Management, Senterra | Announced |
| Sep 1, 2016 | $6.5M Seed | Adrian Sedlin, LEE Mcpherson | Adam Denmark Cohen | Announced |
