Companies · Biotech / Pharma

PharmaCann Inc.

CHICAGO · Biotech / Pharma · refined from filed group “Other

Diligence memoA one-page analyst read on PharmaCann Inc. — recommendation, valuation, rhythm, risks.
$509.0M
Total raised · real
19
Rounds
3.5×
Latest step-up
Top 1%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Mar 28 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

PharmaCann Inc. looks under-valued against its niche peers and is quiet on financing cadence.

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
$0$1.3B$2.5B$3.8B$5.0BSeries B · 2014-09-18 Raised $20M (real) Modeled valuation $736M (est)Series B2014Series B · 2015-06-01 Raised $25M (real) Modeled valuation $919M (est)Series B · 2016-05-09 Raised $24M (real) Modeled valuation $875M (est)Series B2016Series B · 2017-07-01 Raised $550K (real) Modeled valuation $20M (est)Series B · 2018-06-15 Raised $22M (real) Modeled valuation $808M (est)Series B2018Series B · 2020-02-02 Raised $20M (real) Modeled valuation $722M (est)Series B · 2020-05-14 Raised $28M (real) Modeled valuation $1.0B (est)Series B2020Series B · 2020-09-10 Raised $36M (real) Modeled valuation $1.2B (est)Pre-Seed · 2020-09-10 Raised $475K (real) Modeled valuation $22M (est)Pre-Seed2020Series B · 2021-03-05 Raised $32M (real) Modeled valuation $887M (est)Series D+ · 2021-06-14 Raised $110M (real) Modeled valuation $3.1B (est)Series D+2021Series D+ · 2021-06-24 Raised $85M (real) Modeled valuation $2.4B (est)Series D+ · 2022-06-30 Raised $25M (real) Modeled valuation $511M (est)Series D+2022Series D+ · 2022-10-31 Raised $2.2M (real) Modeled valuation $40M (est)Series A · 2023-04-03 Raised $9.0M (real) Modeled valuation $84M (est)Series A2023Series D+ · 2023-04-03 Raised $13M (real) Modeled valuation $208M (est)Series D+ · 2023-04-27 Raised $7.0M (real) Modeled valuation $110M (est)Series D+2023Series D+ · 2023-11-06 Raised $10M (real) Modeled valuation $134M (est)Series D+ · 2023-11-07 Raised $5.0M (real) Modeled valuation $67M (est)Series D+2023Series D+ · 2023-12-01 Raised $10M (real) Modeled valuation $131M (est)Series D+ · 2024-03-28 Raised $35M (real) Modeled valuation $413M (est)Series D+2024Cumulative $518M

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.

Series B · modeled $735.6M · 2014-09-182014Series B · modeled $919.5M · 2015-06-01Series B · modeled $874.7M · 2016-05-09Series B · modeled $20.2M · 2017-07-01Series B · modeled $808.0M · 2018-06-15Series B · modeled $721.7M · 2020-02-02Series B · modeled $1.0B · 2020-05-14Series B · modeled $1.2B · 2020-09-10Pre-Seed · modeled $21.6M · 2020-09-10Series B · modeled $887.0M · 2021-03-05Series D+ · modeled $3.1B · 2021-06-14Series D+ · modeled $2.4B · 2021-06-24Series D+ · modeled $510.6M · 2022-06-30Series D+ · modeled $40.4M · 2022-10-31Series A · modeled $83.7M · 2023-04-03Series D+ · modeled $207.8M · 2023-04-03Series D+ · modeled $110.4M · 2023-04-27Series D+ · modeled $133.6M · 2023-11-06Series D+ · modeled $66.7M · 2023-11-07Series D+ · modeled $130.7M · 2023-12-01Series D+ · modeled $413.5M · 2024-03-282024
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 value est. (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.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Alto Pharmacy Holdings, Inc. · Series D+ Raised $169.7M · modeled $3.1B (est)Colossal Biosciences Inc. · Series D+ Raised $162.6M · modeled $2.8B (est)Vedanta Biosciences, Inc. · Series D+ Raised $240.3M · modeled $2.0B (est)Seismic Therapeutic, Inc. · Series D+ Raised $146.3M · modeled $1.9B (est)Vignette Bio, Inc. · Series D+ Raised $105.0M · modeled $1.1B (est)Ventyx Biosciences, Inc. · Series D+ Raised $192.3M · modeled $273.5M (est)PharmaCann Inc. (this company) Raised $509.0M · modeled $413.5M (est)PharmaCann Inc.
CompanyStageRaised · realValue · estvs peer med.
Alto Pharmacy Holdings, Inc.Series D+$169.7M$3.1B1.61×
Colossal Biosciences Inc.Series D+$162.6M$2.8B1.43×
Vedanta Biosciences, Inc.Series D+$240.3M$2.0B1.01×
Seismic Therapeutic, Inc.Series D+$146.3M$1.9B1.00×
Vignette Bio, Inc.Series D+$105.0M$1.1B0.58×
PharmaCann Inc. this companySeries D+$509.0M$413.5M0.21×
Ventyx Biosciences, Inc.Series D+$192.3M$273.5M0.14×
Full financing history

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.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$20.0M2014-09-18$111.1M$735.6M85%
Series B$25.0M2015-06-01$138.9M$919.5M85%
Series B$23.8M2016-05-09$132.1M$874.7M90%
Series B$550K2017-07-01$3.1M$20.2M90%
Series B$22.0M2018-06-15$122.0M$808.0M90%
Series B$19.6M2020-02-02$109.0M$721.7M90%
Series B$27.7M2020-05-14$154.1M$1.0B90%
Series B$35.9M2020-09-10$199.7M$1.2B90%
Pre-Seed$475K2020-09-10$2.6M$21.6M90%
Series B$31.9M2021-03-05$177.0M$887.0M90%
Series D+$110.4M2021-06-14$919.9M$3.1B90%
Series D+$85.0M2021-06-24$708.3M$2.4B90%
Series D+$25.0M2022-06-30$208.3M$510.6M90%
Series D+$2.2M2022-10-31$18.3M$40.4M90%
Series A$9.0M2023-04-03$40.9M$83.7M90%
Series D+$12.9M2023-04-03$107.6M$207.8M90%
Series D+$7.0M2023-04-27$58.3M$110.4M90%
Series D+$10.0M2023-11-06$83.3M$133.6M90%
Series D+$5.0M2023-11-07$41.7M$66.7M90%
Series D+$10.0M2023-12-01$83.3M$130.7M90%
Series D+$35.0M2024-03-28$291.7M$413.5M90%
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.

  1. Series B$20.0M2014-09-18
    • First recorded raise — entered as Series B.
    • 1 investor on this round.
  2. 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.
  3. 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.
  4. 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)).
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. 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.
  12. 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.
  13. 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.
  14. 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.
  15. 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.
  16. 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.
  17. 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.
  18. 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.
  19. 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.
  20. 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.
  21. 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.

PersonRoleAlso runsTied since
John McCarthy5 other2020-02
James Barry4 other2021-06
John Leja3 other2015-06
Patrick Barry3 other2020-02
John Lord2 other2022-06
Daniel Roth1 other2020-02
Teddy Scott1 other2015-06
Brad Leshnock2015-06
Brett Novey2020-02
Christina D Leja2014-09
Christina Leja2015-06
Daniel Patrick Roth2022-10
David Patrick Chiovetti2022-10
Greg Cappelli2020-02
James Patrick Barry2020-05
John A Leja2014-09
John Patrick Lord2020-05
John Patrick McCarthy2020-05
Lori Patrick Richards2020-05
LORI RICHARDS2021-06
Norah Scott2014-09
Patrick Patrick Unzicker2020-05
PATRICK UNZICKER2020-09
Robert Patrick McQueen2020-05
Registry & provenance

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.

CompanySectorStageRaised · realValue · estWhy similar
Vedanta Biosciences, Inc.Biotech / PharmaSeries D+$240.3M$2.0Bsame sector · same stage
Ventyx Biosciences, Inc.Biotech / PharmaSeries D+$192.3M$273.5Msame sector · same stage
Greenlight Biosciences Inc.Biotech / PharmaSeries D+$179.4M$3.9Bsame sector · same stage
Alto Pharmacy Holdings, Inc.Biotech / PharmaSeries D+$169.7M$3.1Bsame sector · same stage
Colossal Biosciences Inc.Biotech / PharmaSeries D+$162.6M$2.8Bsame sector · same stage
Seismic Therapeutic, Inc.Biotech / PharmaSeries D+$146.3M$1.9Bsame sector · same stage
Vignette Bio, Inc.Biotech / PharmaSeries D+$105.0M$1.1Bsame sector · same stage
Pivot Bio, Inc.Biotech / PharmaGrowth/Late$622.6M$13.0Bsame sector
Semantically similar

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.

CompanySectorStageValue · estMatch
PharmaCCX, Inc.Biotech / PharmaSeries A$45.1M90%
Pharmaca Integrative Pharmacy IncBiotech / PharmaSeries A$234.5M87%
Animal Biosciences, Inc.Biotech / PharmaSeed$31.6M85%
AbX Biologics, Inc.Biotech / PharmaPre-Seed$51.2M84%
Cranbrook Biosciences, LLCBiotech / PharmaPre-Seed$4.5M84%
NJ BIO, Inc.Biotech / PharmaSeries A$55.0M84%
Pharm, LLCOtherSeries A$107.4M83%
Nextgen Pharma LlcPharmaSeries A$229.7M83%
Frequently asked
How much funding has PharmaCann Inc. raised?
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.

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