- Companies
- Flow Cannabis Co.
Flow Cannabis Co. Funding, Investors & Competitors
Flow Cannabis Co. has raised $176M across 7 funding rounds, most recently a $125M Series B in February 2019.
Last Flow Cannabis Co. funding round
$125M
Series B · Feb 2019
Cumulative funding Flow Cannabis Co. raised
$176M
across 7 funding rounds
Key investors in Flow Cannabis Co.
Poseidon Asset Management
Gotham Green Partners
Roger McNamee
Salveo Capital
Jon Slimak
About Flow Cannabis Co.
Flow Cannabis Co. is a Mendocino County-headquartered cannabis firm in California's Emerald Triangle. Launched in 2015 with the Flow Kana flower brand as its top seller, it distributes leading consumer packaged goods alongside processing, co-packing, manufacturing, white-labeling, and supply chain services to sustainability-focused partners.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Services
Flow Cannabis Co. Funding History
Flow Cannabis Co. has raised a total of $176M across 7 funding rounds.
Flow Cannabis Co.'s first fundraising round was a $300K pre-seed round in February 2014. The most recent completed round was a $125M Series B in February 2019.
Flow Cannabis Co. funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2019 | Series B | Gotham Green Partners (lead) | $125M | Flow Cannabis Co., operating as Flow Kana, is a cannabis company focused on sustainable agricultural models structured around decentralized small farms, promoting adoption in the industry. On February 14, 2019, it raised $125 million in a Series B round led by Gotham Green Partners, marking the largest private funding round for a cannabis company in the United States at that time, with undisclosed co-investors. This brought total funding to approximately $147.26 million across four rounds, following a Series A and seed rounds with partial prior valuations like $63.9M in July 2018. Gotham Green Partners, a New York-based private equity firm, holds Flow Kana's biggest equity stake and participated in multiple rounds including Series A and B. The company has raised varying totals reported as up to $175 million cumulatively from Gotham Green, emphasizing their significant involvement. Flow Kana operated with four investors total, including Roger McNamee, Salveo Capital, and Poseidon Asset Management, positioning it among early movers in the cannabis sector amid challenges like federal illegality limiting traditional financing. The funding supported expansion in sustainable cannabis production and small-farm networks in California. |
| Jul 2018 | Series A | Gotham Green Partners (lead); Roger McNamee; Salveo Capital; Poseidon Asset Management | $22M | - |
| Dec 2017 | Seed | Jon Slimak (lead) | $12M | - |
| Jun 2017 | Seed | - | $12M | - |
| Dec 2016 | Seed | - | $4M | - |
| Dec 2015 | Pre-seed | Roger McNamee | $200K | - |
| Feb 2014 | Pre-seed | Poseidon Asset Management | $300K | - |
Who has invested in Flow Cannabis Co.?
5 investors have backed Flow Cannabis Co. across its funding rounds, including Poseidon Asset Management, Gotham Green Partners, Roger McNamee, Salveo Capital and Jon Slimak.
Lead investors include Gotham Green Partners and Jon Slimak.
Flow Cannabis Co. Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Dec 2015 | ||
| 2 | Lead | Jul 2018 | ||
| 2 | Participant | Feb 2014 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInvestments by Flow Cannabis Co.
Flow Cannabis Co. has invested in 1 company to date.
Latest investment by Flow Cannabis Co. was on November 14th 2019. Flow Cannabis Co. invested in Kikoko in their $8M Series A round.
Latest Investments by Flow Cannabis Co.
| Description | Kikoko is a San Francisco-based wellness brand producing organic cannabis-infused herbal teas. Blends address sleep with Hot Flash PM, mood via Happy Tea, pain relief through Get Well, intimacy with Love Potion, and daily Calm. Formulated with CBD, THC microdoses, and botanicals like chamomile and ginger, products ship nationwide where legal. Founded in 2016, Kikoko sources from California farms and tests for purity under state standards. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 14 Nov 2019 |
| Round | Series A |
| Raised | $8M |
| Investors | Bengal Capital |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Flow Cannabis Co. investments and their VC round multiples. Start Free Trial | |
Flow Cannabis Co. Competitors
Flow Cannabis Co. competitors include listed companies like Curaleaf, Trulieve Cannabis and Green Thumb Industries, and private ones like Dutchie, Accelerant and PAX Labs.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $45M | - | $3.8B | 83.3x | ||
| Publicly listed | $1.3B | $238M | $2.7B | 2.7x | ||
| Private | $913M | $282M | $2.4B | 2.6x | ||
| Publicly listed | $1.2B | $314M | $2.2B | 2.4x | ||
| Private | $113M | - | $1.7B | 15.0x | ||
| Publicly listed | $1.2B | $469M | $1.6B | 1.6x |
Flow Cannabis Co. Public Comps
Flow Cannabis Co. is still privately-owned, but its public comps include Curaleaf, Trulieve Cannabis, Green Thumb Industries, Cronos Group, Glass House Brands, Vireo Growth, Tilray Brands, Verano Holdings, Canopy Growth and SNDL.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.3B | $238M | 2.8x | 2.7x | 14.9x | 12.6x | |||
| $1.2B | $314M | 2.1x | 2.4x | 7.9x | 6.7x | |||
| $1.2B | $469M | 1.6x | 1.6x | 4.0x | 5.9x | |||
| $147M | ($43M) | 3.3x | 2.6x | (11.3x) | 20.3x | |||
| $182M | $6M | 4.9x | 4.6x | 162.4x | 36.6x | |||
| $269M | $12M | 3.7x | 1.6x | 81.7x | 7.4x | |||
| $915M | $3M | 0.8x | 0.7x | 218.8x | 10.7x | |||
| $822M | $24M | 1.0x | 1.0x | 36.4x | 4.0x | |||
This data is available for Pro users. Sign up to see all Flow Cannabis Co. competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Flow Cannabis Co.
| When was Flow Cannabis Co. founded? | Flow Cannabis Co. was founded in 2014. |
| Where is Flow Cannabis Co. headquartered? | Flow Cannabis Co. is headquartered in San Francisco, CA, United States. |
| Is Flow Cannabis Co. publicly listed? | No, Flow Cannabis Co. is a private, VC-backed company. |
| How much funding has Flow Cannabis Co. raised? | Flow Cannabis Co. has raised $176M across 7 funding rounds. |
| What was Flow Cannabis Co.'s last funding round? | Flow Cannabis Co.'s last funding round was a $125M Series B in February 2019, led by Gotham Green Partners. |
| Who are Flow Cannabis Co.'s investors? | Flow Cannabis Co.'s investors include Roger McNamee, Gotham Green Partners, Poseidon Asset Management, Jon Slimak and Salveo Capital. |
| Which companies are comparable to Flow Cannabis Co.? | Companies comparable to Flow Cannabis Co. include Dutchie, Curaleaf, Accelerant, Trulieve Cannabis, PAX Labs and Green Thumb Industries. |
| How many companies has Flow Cannabis Co. invested in? | Flow Cannabis Co. has invested in 1 company, including Kikoko. |
| What was Flow Cannabis Co.'s last investment? | In November 2019, Flow Cannabis Co. invested in Kikoko's $8M Series A alongside Bengal Capital. |
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