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- Holistic Industries
Holistic Industries Funding, Investors & Competitors
Holistic Industries has raised $113M across 3 funding rounds, most recently a $55M undisclosed-stage round in May 2021.
Last Holistic Industries funding round
$55M
Undisclosed stage · May 2021
Cumulative funding Holistic Industries raised
$113M
across 3 funding rounds
Key investors in Holistic Industries
Harbert Growth Partners
Franklin Street Partners
About Holistic Industries
Holistic Industries is a vertically integrated, multi-state cannabis operator handling cultivation, extraction, manufacturing, and retail through dispensaries under its Liberty brand, alongside product lines including Do Drops, Garcia Hand Picked, and Strane. Founded in 2011, the company operates more than 500,000 square feet of grow and processing facilities across eight states, with a focus on earning rather than acquiring licenses.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Holistic Industries Funding History
Holistic Industries has raised a total of $113M across 3 funding rounds.
Holistic Industries' first fundraising round was a $3M seed round in September 2017. The most recent completed round was a $55M undisclosed-stage round in May 2021.
Holistic Industries funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2021 | Undisclosed stage | Harbert Growth Partners (lead) | $55M | Holistic Industries is the largest private, vertically integrated multi-state cannabis operator (MSO) in the United States as of 2021. The company operates over 500,000 square feet of grow and processing facilities across eight regionally concentrated states, with a portfolio of brands including Liberty dispensaries, Do Drops, Garcia Hand Picked, and Strane. On May 11, 2021, the company announced a $55 million convertible note offering led by Harbert Stoneview Fund (part of Harbert Management Corporation), which was oversubscribed after the company initially set a $30 million fundraising target. The proceeds were earmarked for expansion into newly licensed markets including Missouri and West Virginia, mergers and acquisitions activity, additional market expansion, and launches of new brands and product innovations. Holistic Industries demonstrated strong historical growth, achieving a 146 percent revenue compound annual growth rate between 2018 and 2020, and management projected the company would more than double its revenue again in 2021. At the time of the funding round, the company operated with over 600 employees and had recently opened three new Liberty dispensaries in California and Pennsylvania in the first quarter of 2021. |
| Oct 2019 | Undisclosed stage | - | $55M | Holistic Industries is a vertically integrated cannabis company operating as a multi-state operator (MSO) with cultivation, extraction, manufacturing, and retail dispensaries under the Liberty brand, active in markets including Maryland, Michigan, Washington D.C., California, and Pennsylvania. Founded in 2011, the company emphasizes earning licenses rather than acquiring them and focuses on high-quality products, employee welfare, and responsible asset management. Benzinga reports a $55M raise announced around October 2019 for expansion to enhance patient and consumer access to cannabis products across East Coast, Midwest, and West Coast operations. Later traction includes additional unattributed rounds, such as $5M in October 2022, bringing total raised to $171.98M over 6-7 rounds from 2 investors including Harbert Management Corporation and Atlmore Capital. The company positions itself as a leading private MSO preparing for strategic expansion, M&A, and regional concentration. |
| Sep 2017 | Seed | Franklin Street Partners | $3M | - |
Who has invested in Holistic Industries?
2 investors have backed Holistic Industries across its funding rounds, including Harbert Growth Partners and Franklin Street Partners.
Lead investors include Harbert Growth Partners.
Holistic Industries Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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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 TrialHolistic Industries Competitors
Holistic Industries 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 |
Holistic Industries Public Comps
Holistic Industries 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 Holistic Industries competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Holistic Industries
| When was Holistic Industries founded? | Holistic Industries was founded in 2011. |
| Where is Holistic Industries headquartered? | Holistic Industries is headquartered in Washington, DC, United States. |
| Is Holistic Industries publicly listed? | No, Holistic Industries is a private, VC-backed company. |
| How much funding has Holistic Industries raised? | Holistic Industries has raised $113M across 3 funding rounds. |
| What was Holistic Industries' last funding round? | Holistic Industries' last funding round was a $55M undisclosed-stage round in May 2021, led by Harbert Growth Partners. |
| Who are Holistic Industries' investors? | Holistic Industries' investors include Harbert Growth Partners and Franklin Street Partners. |
| Which companies are comparable to Holistic Industries? | Companies comparable to Holistic Industries include Dutchie, Curaleaf, Accelerant, Trulieve Cannabis, PAX Labs and Green Thumb Industries. |
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