PharmaCann Inc. looks under-valued against its niche peers and is quiet on financing cadence.
Raised $509M across 19 disclosed rounds, last modeled as Series D+ (a $100M–$400M round).
Modeled value is 0.21× the median modeled value of Series D+ Biotech / Pharma companies in 2022–2024 (7 peers) — value vs value, same stage and era.
Valued on the biotech/pharma profile — its sector's growth and survival benchmarks differ from the market default, so the same raise is worth more or less here.
Last raise 2.3 yr ago; this sector typically re-raises about every 15 months.
Latest round stepped up 3.5× from the prior — scaling.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the biotech/pharma sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
Under-valued
Modeled value is 0.21× the median modeled value of Series D+ Biotech / Pharma companies in 2022–2024 (7 peers) — value vs value, same stage and era.
Quiet
Last raise 2.3 yr ago; this sector typically re-raises about every 15 months.
Slightly overdue versus sector cadence.
Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.
Issuer-vehicle patternmedium confidence
PharmaCann Inc. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.
Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
11.8 yr record
Peak capital year was 2021 with $227.2M across 3 filings.
Market position
ahead of 100% of Biotech / Pharma peers
Capital scale is ahead of 100% of Biotech / Pharma peers; modeled value is above 87% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
No clearly named CEO/founder/principal role in the public records surfaced here.
No verified homepage on the profile yet.
Capital program peaked in 2021: $227.2M across 3 filings.
Largest single filing was $110.4M on 2021-06-14.
How to read the page
Read this less like a startup funding journey and more like a capital-raising program.
Stage-based valuation and peer labels have lower applicability for this pattern.
The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
Leadership
No named principal in this company's public records yet — see all operators below.
Explore how these operators interlock with other companies in the operator network.
Where it sits in Biotech / Pharma
PharmaCann Inc. is one of 227 Biotech / Pharma companies tracked from CHICAGO. By capital raised it ranks among the largest (ahead of 100% of sector peers), and in the upper tier by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
As reported in public records reported — not modeled.
US
Jurisdiction
Rule 506(b)
Reg D exemption
7
Investors (latest)
2024-03-28
First sale
Amount raised vs valuation, by round
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
Amount raised · realModeled valuation · estCumulative funded · real
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Financing ladder & sequence gaps
Series B$20.0M · 2014
Series B extension$25.0M · 2015
Series B extension$23.8M · 2016
Series B extension$550K · 2017
Series B extension$22.0M · 2018
Series B extension$19.6M · 2020
Series B extension$27.7M · 2020
Series B extension$35.9M · 2020
Bridge · Series B-stage$475K · 2020smaller follow-on
Series B extension$31.9M · 2021
Series D+$110.4M · 2021no Series C on file
Series D+ extension$85.0M · 2021
Series D+ extension$25.0M · 2022
Series D+ extension$2.2M · 2022
Bridge · Series D+-stage$9.0M · 2023smaller follow-on
Series D+ extension$12.9M · 2023
Series D+ extension$7.0M · 2023
Series D+ extension$10.0M · 2023
Series D+ extension$5.0M · 2023
Series D+ extension$10.0M · 2023
Series D+ extension$35.0M · 2024
Stages are modeled from round size (public records carry no series label). No record for: Seed, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.
Modeled valuation trajectory
$413.5M
Base estimate est.
$162.6M
Conservative case
$591.7M
Upside case
$291.7M
Modeled post-money
Round size and date are reported; the stage label is inferred from round size (latest is Series D+ — a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the biotech/pharma sector profile. Directional, not a quoted figure.
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
70%
Survival probability
56% low · 77% high
1.37×/yr
Annual markup
1.53×/yr upside case
2.3 yr
Elapsed time used
2.3 yr actual, capped for stale marks
biotech/pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$53.4M/yr
Capital velocity
11.8 yr
On record since
2014
First round
21
Rounds on file
How it compares to the market
Benchmarked against 227 companies in Biotech / Pharma. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Total raised — vs sector median (real $, all stages)▲ 91× above median
This company$509.0M
Sector median$5.6M
Latest round — vs other Series D+ rounds in sector (real $, this stage)▼ 0.7× of median
This company$35.0M
Sector median$51.0M
Modeled value — vs sector median (estimate, all stages)▲ 14× above median
This company$413.5M
Sector median$30.5M
Raised more than 100% of sector peers (real $). Modeled value above 87% of peers (estimate).
Niche peers — same stage & era
A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled valueest. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #6 of 7.
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
Stage
Amount · real
Announced
Post-money · est
Value · est
Conf.
Series B
$20.0M
2014-09-18
$111.1M
$735.6M
85%
Series B
$25.0M
2015-06-01
$138.9M
$919.5M
85%
Series B
$23.8M
2016-05-09
$132.1M
$874.7M
90%
Series B
$550K
2017-07-01
$3.1M
$20.2M
90%
Series B
$22.0M
2018-06-15
$122.0M
$808.0M
90%
Series B
$19.6M
2020-02-02
$109.0M
$721.7M
90%
Series B
$27.7M
2020-05-14
$154.1M
$1.0B
90%
Series B
$35.9M
2020-09-10
$199.7M
$1.2B
90%
Pre-Seed
$475K
2020-09-10
$2.6M
$21.6M
90%
Series B
$31.9M
2021-03-05
$177.0M
$887.0M
90%
Series D+
$110.4M
2021-06-14
$919.9M
$3.1B
90%
Series D+
$85.0M
2021-06-24
$708.3M
$2.4B
90%
Series D+
$25.0M
2022-06-30
$208.3M
$510.6M
90%
Series D+
$2.2M
2022-10-31
$18.3M
$40.4M
90%
Series A
$9.0M
2023-04-03
$40.9M
$83.7M
90%
Series D+
$12.9M
2023-04-03
$107.6M
$207.8M
90%
Series D+
$7.0M
2023-04-27
$58.3M
$110.4M
90%
Series D+
$10.0M
2023-11-06
$83.3M
$133.6M
90%
Series D+
$5.0M
2023-11-07
$41.7M
$66.7M
90%
Series D+
$10.0M
2023-12-01
$83.3M
$130.7M
90%
Series D+
$35.0M
2024-03-28
$291.7M
$413.5M
90%
What happened at each round
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Series B$20.0M2014-09-18
First recorded raise — entered as Series B.
1 investor on this round.
Series B$25.0M2015-06-01
Came back fast: 8 mo vs the ~15 mo sector norm.
Round roughly the size of the prior one.
6 investors on this round.
Series B$23.8M2016-05-09
Raised 11 mo later, in step with the ~15 mo sector norm.
Round roughly the size of the prior one.
6 investors on this round.
Series B$550K2017-07-01
Raised 14 mo later, in step with the ~15 mo sector norm.
Round 43.2× smaller than the prior — bridge or down round.
Switched to Rule 504 (was Rule 506(b)).
Series B$22.0M2018-06-15
Raised 11 mo later, in step with the ~15 mo sector norm.
Round 39.9× larger than the prior — scaling up.
Switched to Rule 506(b) (was Rule 504).
22 investors on this round.
Series B$19.6M2020-02-02
Raised 20 mo later, in step with the ~15 mo sector norm.
Round roughly the size of the prior one.
75 investors on this round.
Series B$27.7M2020-05-14
Came back fast: 3 mo vs the ~15 mo sector norm.
Round 1.4× larger than the prior — scaling up.
1 investor on this round.
Series B$35.9M2020-09-10
Came back fast: 4 mo vs the ~15 mo sector norm.
Round roughly the size of the prior one.
134 investors on this round.
Pre-Seed$475K2020-09-10
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 75.7× smaller than the prior — bridge or down round.
4 investors on this round.
Series B$31.9M2021-03-05
Came back fast: 6 mo vs the ~15 mo sector norm.
Round 67.1× larger than the prior — scaling up.
2 investors on this round.
Series D+$110.4M2021-06-14
Came back fast: 3 mo vs the ~15 mo sector norm.
Round 3.5× larger than the prior — scaling up.
1 investor on this round.
Series D+$85.0M2021-06-24
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 1.3× smaller than the prior — bridge or down round.
9 investors on this round.
Series D+$25.0M2022-06-30
Raised 12 mo later, in step with the ~15 mo sector norm.
Round 3.4× smaller than the prior — bridge or down round.
3 investors on this round.
Series D+$2.2M2022-10-31
Came back fast: 4 mo vs the ~15 mo sector norm.
Round 11.4× smaller than the prior — bridge or down round.
11 investors on this round.
Series A$9.0M2023-04-03
Came back fast: 5 mo vs the ~15 mo sector norm.
Round 4.1× larger than the prior — scaling up.
6 investors on this round.
Series D+$12.9M2023-04-03
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 1.4× larger than the prior — scaling up.
6 investors on this round.
Series D+$7.0M2023-04-27
Came back fast: 1 mo vs the ~15 mo sector norm.
Round 1.8× smaller than the prior — bridge or down round.
1 investor on this round.
Series D+$10.0M2023-11-06
Came back fast: 6 mo vs the ~15 mo sector norm.
Round 1.4× larger than the prior — scaling up.
1 investor on this round.
Series D+$5.0M2023-11-07
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 2.0× smaller than the prior — bridge or down round.
3 investors on this round.
Series D+$10.0M2023-12-01
Came back fast: 1 mo vs the ~15 mo sector norm.
Round 2.0× larger than the prior — scaling up.
1 investor on this round.
Series D+$35.0M2024-03-28
Came back fast: 4 mo vs the ~15 mo sector norm.
Round 3.5× larger than the prior — scaling up.
7 investors on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~6mo cadence
$105.0M
Modeled next size est.range $68.3M–$168.0M
3.5×
Last step-up
$53.4M/yr
Capital velocity
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Key people & operators
Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.
PharmaCann Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
United States
Country of record
US
Jurisdiction
1621435
SEC CIK
Similar companies
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
PharmaCann Inc. has raised approximately $509.0M in disclosed capital across 19 recorded financing rounds, aggregated from public filings.
What is PharmaCann Inc.'s estimated valuation?
Provath's modeled valuation for PharmaCann Inc. is approximately $413.5M (modeled range $162.6M–$591.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is PharmaCann Inc. at?
PharmaCann Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Mar 28.
What does PharmaCann Inc. do and where is it based?
PharmaCann Inc. operates in the Biotech / Pharma sector, based in CHICAGO.
Explore related
See where PharmaCann Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
If you work at PharmaCann Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.