Company Overview

Company name: Panacea Life Sciences
Description: Developer and Manufacturer of hemp based health products consisting of natural, medically relevant applications to help manage users’ health needs. The company specializes in the medical and pharmaceutical field and has developed an array of unique proprietary products that are sourced locally in Colorado from organic farmers and are vertically integrated for the users.
Year founded: 2017
Parent company: 22nd Century Group
Industry: Healthcare | Group: | Code:
Employees: 30
City: Golden
State: Colorado
Country: United States
Region: Americas

Financial Highlights

Start up capital raised (USD Million): 24.00
Business status: Generating Revenue
Ownership: Acquired/Merged (Operating Subsidiary)
Revenue (USD Million): 13.00
Gross profit (USD Million):
Net income (USD Million)
Enterprise value: 53.00
Earnings before interest, tax, depreciation and amortization (EBITDA): 2.90
Fiscal period: FY 2019
Financing Status: The company received $ 24 million of financing from 2nd Century Group, Inc. (NYSE:XXII) on December 5, 2019. The acquisition is to build a profitable business in the fast-growing, emerging, legal cannabis space, and the company is a rapidly-growing and vertically-integrated consumer-facing business with a strong management team.
Number of active investors:
Profile last updated: 02-Mar-2020
Last known valuation:
Last known valuation date: 03-Dec-2019