10 Cannabis Startups to Watch in 2021


Top 10 Cannabis Startups in 2021


Abstrax


Founded: 2017 Location: Irvine, CA


Post Money Valuation: $25 million

Total Raised: $2 million


About Abstrax: ABSTRAX is the leader in the research, development, and production of botanically-derived and cannabis-inspired terpenes that create unforgettable sensorial experiences. Headquartered in California, the company owns and operates a state-of-the-art type 7 licensed research and manufacturing lab where it’s award-winning product developers and scientists leverage the most advanced strain analysis technology to extract and study aroma compounds via three-dimensional analysis, allowing for each and every compound within a plant to be named and studied. The company has partnered with many of the best cultivators in the industry to study their stain profiles and create the world's most advanced terpene formulations.


abstraxtech.com



Ascend


Founded: 2018 Location: New York, NY


Post Money Valuation: Declined to disclose.

Total Raised: $208.63 million


About Ascend Wellness: Ascend is one of the largest privately-held U.S. multi-state operators in the cannabis industry, currently operating in five states including Illinois, Michigan, Massachusetts, New Jersey and Ohio. The company focuses on limited license states east of the Rockies, with flagship locations in desirable retail corridors serving key medical and adult-use markets.


Ascend is committed to breaking down traditional barriers in the cannabis marketplace to redefine the industry from the ground up. The company owns and operates state-of-the-art cultivation facilities, grows award-winning strains and produces a curated selection of premium products. AWH provides accessible retail experiences, trusted products and exclusive brand partnerships. Because cannabis should be accessible to everyone.


awholdings.com



Bespoke


Founded: 2018 Location: Los Angeles, CA


Post Money Valuation: Declined to disclose.

Total Raised: $25 million


About Bespoke Financial: Bespoke Financial is a licensed lender supporting cannabis companies. They alleviate working capital constraints across the entire cannabis supply chain. Bespoke supports clients as they scale and grow with unique financing solutions and cannabis business loans.


bespokefinancial.com



Cann


Founded: 2019 Location: Los Angeles, CA


Post Money Valuation: Declined to disclose.

Total Raised: $12 million


About Cann: Cann is a (highly) social cannabis company. They create products with approachable doses of THC and CBD that are actually delicious. Cann social tonics are the first sessionable cannabis-infused beverages. THC & CBD, all natural citrus and herbal flavors, and a touch of agave nectar blend together to create a light, refreshing taste that delivers the perfect social buzz. With only 30-35 calories and the lightest THC dose on the market, drinkers can(n) have a few. Cann gives everyone from the cannabis curious to the cannabis connoisseur a social beverage alternative that is better for the mind and body. Soon, there will be beer, wine and Cann at every social occasion.


drinkcann.com



Connected


Founded: 2009 Location: Sacramento, CA


Post Money Valuation: Declined to disclose.

Total Raised: $25 million


About Connected: Connected is a decade old vertically integrated company for the cannasseurs of the weed industry. They take pride in cultivating high end, designer strains that are light years ahead of anyone else in the industry. They have several branded dispensary locations throughout California.


connectedcannabisco.com



Eaze


Founded: 2014 Location: San Francisco, CA


Post Money Valuation: $400 million

Total Raised: $249 million


About Eaze: Eaze is an online marketplace and technology platform that provides legal access to cannabis through safe and convenient delivery. Eaze technology helps local cannabis retailers run compliant on-demand delivery, and our online marketplace gives consumers a seamless e-commerce experience alongside information on product selection and safe consumption.


eaze.com



Headset


Founded: 2015 Location: Seattle, WA


Post Money Valuation: Declined to disclose.

Total Raised: $16 million


About Headset: Headset provides leading insights into cannabis consumer trends for today’s world - a world when decisions are made on timely data, not stale, months-old information. You need reliable data that gives you the big picture while allowing you to drill into details, with insight into consumer demographics and shopping behavior sourced directly from retail. Make decisions with confidence so you can quickly take action and get ahead.


headset.io



HERBL


Founded: 2016 Location: Santa Barbara, CA


Post Money Valuation: Declined to disclose.

Total Raised: Declined to disclose.


About Herbl: HERBL offers highly tailored, industry-specific solutions through the use of innovative technology, seasoned information management experts, highly-trained security specialists, and top-notch sales and marketing professionals. Utilizing proven distribution methods, our model is based on a perishable supply chain strategy that emphasizes the importance of customer satisfaction.


herbl.com



LeafLink


Founded: 2015 Location: New York, Los Angeles, Toronto


Post Money Valuation: Declined to disclose.

Total Raised: $91 million


About LeafLink: LeafLink is a wholesale marketplace for the cannabis industry. Empowering thousands of cannabis brands and retailers to streamline ordering and client management. Live in 27 territories across North America and manages over $3.1B+ in annual orders, or 32% of US wholesale cannabis commerce.


leaflink.com



Petalfast


Founded: 2020 Location: Irvine, CA


Post Money Valuation: Declined to disclose.

Total Raised: $1.55 million


About Petalfast: Petalfast is the first-of-its-kind full spectrum sales and marketing agency for the cannabis industry. Petalfast helps cannabis brands achieve rapid growth via its go-to-market accelerator, currently available in California only, and through its full spectrum of agency services available to brands nationally. A number of notable cannabis brands already engaged in the Petalfast platform include Space Coyote, Big Pete's Cookies, Honey Oil, and Weed.


petalfast.com



Seth Yakatan

Seth Yakatan


Known for solutions that yield results, Seth Yakatan has completed or advised on acquisitions and corporate finance transactions totaling over $3 billion. He is CEO of Katan Associates International—a financial strategy and merchant banking firm specializing in commercialization and asset monetization—especially those within life-science and e-commerce sectors.



www.katanassociates.com



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