When was Canndescent founded?

Canndescent was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Canndescent located?

Canndescent is headquartered in Santa Barbara, United States.

How many employees does Canndescent have?

As of Jun 30, 2026, the latest employee count at Canndescent is 54.

Is Canndescent a funded company?

Canndescent is a funded company, having raised a total of $57M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 31, 2016.

How much is Canndescent worth?

The last known valuation of Canndescent was $***** as of Sep 01, 2019.

When was the latest funding round of Canndescent?

Canndescent's latest funding was a $***** Series C round on Sep 10, 2019, with participation from 4 investors.

Where does Canndescent rank among its competitors?

Canndescent ranks 16th amongst 233 active competitors, of which 45 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was GrubMarket, which secured $50M in Feb, 2026.

Who are the top competitors of Canndescent?

Canndescent's top competitors include GrubMarket, LeafLink and Silo. Among them, GrubMarket secured the most recent funding round in February, 2026.

Canndescent - 2026 Company Profile, Team, Funding & Competitors

Q: Is Canndescent an acquired company?

Canndescent got acquired by Power REIT on Feb 04, 2021.

Canndescent is an acquired company based in Santa Barbara (United States), founded in 2015 by Adrian Sedlin and Randall Patten. It operates as a Provider of ultra-premium cannabis products. Canndescent has raised $57M in funding from Merida Capital Partners and Green Acre Capital, with last known valuation of $*****. The company has 233 active competitors, including 45 funded and 25 that have exited. Its top competitors include companies like GrubMarket, LeafLink and Silo.

Company Details

Provider of ultra-premium cannabis products. It is a premium cannabis brand house, offering ultra-premium cannabis products that prioritize quality, consistency, and education. The company has expanded its operations and launched new products, including cannabis oils and innovative vaporization devices.

Website: canndescent.com
Social
Email ID: *****@canndescent.com
Phone Number: +1 **********

Key Metrics

Founded Year

2015

Location

Santa Barbara, United States

Stage

Acquired

Total Funding

$57M in 4 rounds

Latest Funding Round

Series C, Sep 10, 2019, $*****

Last Known Valuation

$***** as on Sep 01, 2019

Investors

Merida Capital Partners & 9 more

Ranked

16^th among 233 active competitors

Employee Count

54 as on Jun 30, 2026

Investment & Acquisitions

Veuve Clicquot

Similar Companies

WayCool & 106 more

Exit Details

Acquired by Power REIT (Feb 04, 2021)

View Canndescent's full profile

Canndescent is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Canndescent MBC CIN: - , Belgium, Active	Dec 31, 2014	-	-	-

Canndescent got acquired by Power REIT on Feb 04, 2021 at an acquisition amount of $*****.

Click here to take a look at Canndescent's acquisition in detail

Canndescent has raised a total funding of $57M over 4 rounds. Its first funding round was on Aug 31, 2016. Its latest funding round was a Series C round on Sep 10, 2019 for $*****. 4 investors participated in its latest round. Canndescent has 10 institutional investors.

Here is the list of recent funding rounds of Canndescent:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 10, 2019	3673193	Series C	2340645	7265892	5937145	9173677
Sep 06, 2018	9130043	Series C	1254566	7059079	1673841	Altitude Investment Management
Jan 22, 2018	8655917	Series B	3030013	5789927	1279705	Floret Ventures & 1 more

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View details of Canndescent's funding rounds and investors

The founders of Canndescent are Adrian Sedlin and Randall Patten.

Here are the details of Canndescent's key team members:

Adrian Sedlin: Co-Founder & CEO of Canndescent.
Contact Info: 1 email address
Randall Patten: Co-Founder of Canndescent.

View details of Canndescent's Founder profiles and Board Members

Canndescent's employee count trend

Canndescent has 54 employees as of Jun 26. Here is Canndescent's employee count trend over the years:

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Top competitors of Canndescent include GrubMarket, LeafLink and Silo. Here is the list of Top 10 competitors of Canndescent, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GrubMarket 2014, San Francisco (United States), Series H	Food technology company digitizing the food supply chain through B2B eCommerce	$908M	Walleye, GGV Capital & 101 others	75/100
2nd	LeafLink 2015, New York City (United States), Series D	Streamlining wholesale cannabis commerce with technology solutions for brands and retailers	$195M	Nosara Capital, Founders Fund & 25 others	71/100
3rd	Silo 2017, San Francisco (United States), Series D	Provider of software suite solutions for food distributor businesses	$315M	Andreessen Horowitz, Alexis Ohanian & 13 others	66/100
4th	Postmates 2011, San Francisco (United States), Acquired	Provider of on-demand delivery services for food, drinks, and groceries	$903M	Tiger Global Management, Spark Capital & 64 others	66/100
5th	Garten 2014, Burlingame (United States), Acquired	Platform offering subscription-based nutrient foods	$20M	StartX, Y Combinator & 26 others	64/100
6th	Nabis 2017, Oakland (United States), Series B	Leading cannabis marketplace and distribution platform connecting brands and retailers	$33.2M	BABEL Ventures, Liquid 2 Ventures & 25 others	64/100
7th	Tridge 2015, Seoul (South Korea), Series D	B2B platform connecting buyers and suppliers in the food, agriculture, and marine sectors	$121M	SBVA, Activant Capital & 4 others	62/100
8th	Maalexi 2021, Wilmington (United States), Seed	Online B2B marketplace offering farm products	$3.4M	Rockstart, Global Ventures & 4 others	61/100
9th	FreshRealm 2013, Ventura (United States), Series C	Provider of fresh food supply chain solutions and meal programs	$262M	Cornerstone, United States Department of Agriculture ... Read more	61/100
10th	Spoiler Alert 2015, Boston (United States), Series A	B2B marketplace for food businesses to sell surplus food	$13.6M	Maersk Growth, Techstars & 16 others	61/100
16th	Canndescent 2015, Santa Barbara (United States), Acquired	Provider of ultra-premium cannabis products	$57M	WorldQuant Ventures, Phyto Partners & 8 others	52/100