California-based premium cannabis cultivator and brand house founded in 2015. Operates as a vertically-integrated cultivator with a focus on effects-based cannabis products and luxury positioning. Pioneered effects-based naming convention (replacing strain names), commercial-scale solar cultivation, and launched Justice Joints, a not-for-profit cannabis brand donating 100% of profits to cannabis social justice causes.
Canndescent has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
201–500
Total Funding
$57M
4 rounds
Latest Valuation
$0.25B
September 10, 2019
Total raised $57M across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series C II
Date
September 10, 2019
Amount
$27.5M
Valuation
$0.25B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| September 10, 2019 | Series C II | $27.5M | $0.25B | Green Acre Capital |
| January 25, 2018 | Series B | $10M | — | Floret Ventures, Altitude Partners |
| September 2017 | Series A | $13M | — |
Adrian Sedlin
CEO & Co-Founder
Randall Patten
Chief Cultivation Officer & Co-Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
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