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Elevate CBD

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Manufacturing high-quality CBD products in the U.S. for both humans and pets

Telford, United StatesFounded 2020Biotech & Life Sciences
Valuation $50–100M Last recorded · 2023
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Elevate CBD and the history behind them.

About Elevate CBD

Elevate operates in the direct-to-consumer cannabis market, focusing on hemp-derived products. The company was established by a group of individuals with a collective 25 years of experience in the cannabis industry, aiming to provide high-quality hemp products. It positions itself as a distributor of Delta-8 and CBD in the United States, sourcing its hemp from authorized farms in Colorado and Pennsylvania. The business model centers on e-commerce, selling directly to consumers through its website, with a value proposition that includes competitive pricing, a 30-day money-back guarantee, and free shipping on orders over a certain value.

The company's product portfolio is extensive, catering to a wide range of consumer needs for both recreational and medicinal purposes. Offerings include CBD and various THC derivatives like Delta 8 and Delta 9. The product forms are diverse, featuring gummies, tinctures (oils), vape cartridges, disposable vapes, and flowers. Elevate emphasizes the quality of its products, which are made from 100% natural, plant-based ingredients and undergo third-party lab testing to ensure potency and purity. Their product line extends to items such as full-spectrum CBD gummies, CBD+THC blended gummies, and live resin carts. All products are compliant with the Federal Farm Bill, containing less than 0.3% THC.

A distinct entity, Elevate CBD Cosmetics, was founded in Los Angeles in 2015 by Janice Hardoon. With over a decade of experience in the cannabis sector starting in 2008, Hardoon identified a gap in the market for quality CBD-infused skincare. This venture was born from her personal quest to find effective skincare to address sun damage. The cosmetics line, which began with a CBD Collagen Face Mask in 2018, manufactures a range of products including serums, creams, and men's skincare, all containing CBD. The brand operates on the principle of combining natural ingredients with CBD to enhance skincare effectiveness.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2020
Headquarters
Telford, United States
Open positions
None listed
Dealroom signal
22.3/100
Industry
Health
Sub-industry
Pharmaceutical
Sector
Biotech & Life Sciences, Biotechnology, Cannabis, Biotech and Pharma, Medicinal Cannabis, Hard Tech, DT and LS, science-based
Client focus
b2c

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Apr 2023 $16M $62M Undisclosed ↗
EARLY VC✓Equity / VC Mar 2022 $10M $42M Undisclosed ↗
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Growth signals

Elevate CBD website traffic

Latest recorded traffic for Elevate CBD is 1.4K monthly website visits, down 48.1% over the last three months.

Latest monthly visits1.4K 3-month web change-48.1%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Telford HQ
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Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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