ABI SF, LLC

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ABI SF, LLC - overview

Established

2015

Location

San Francisco, CA, US

Primary Industry

Healthcare

About

ABI SF, LLC, known for its premium cannabis products, specializes in the cultivation and distribution of small-batch, sustainably grown cannabis, focusing on high-quality flower strains and pre-rolls for both recreational and medical consumers. Founded in 2015, ABI SF, LLC operates out of San Francisco, US, offering premium cannabis products. The company was acquired by TerrAscend Corp. in September 2020, marking a strategic shift in its operations.


The founder's history is not detailed, but the company has made one known deal, with the most recent transaction occurring on August 28, 2019. State Flower Cannabis offers a selection of small-batch, sustainably grown cannabis products, primarily focusing on premium flower strains and pre-rolls. Their core product lineup includes popular strains such as Lambsbread and GDP, as well as limited releases like Garanimals and Gush Mints. The company emphasizes a boutique approach to cultivation, ensuring that each batch receives meticulous attention to achieve optimal plant expression.


This attention to detail caters to a diverse customer base, including recreational consumers aged 21 and older, as well as medical marijuana patients in states where applicable. State Flower Cannabis distributes its products primarily in California, targeting both direct consumers and retail partnerships to extend its market reach. Revenue generation for State Flower Cannabis primarily occurs through direct-to-consumer sales and retail partnerships. The company’s business transactions typically involve consumers purchasing premium cannabis products such as flower jars and pre-rolls, which are marketed for their quality and unique flavor profiles.


The product pricing structure reflects the premium nature of their offerings, although specific pricing details are not disclosed. State Flower Cannabis also engages in wholesale transactions with retailers, helping to further distribute its trademark strains and products across various dispensaries. This multifaceted approach allows the company to maintain strong sales while ensuring compliance with local and state regulations in the cannabis industry. Following its acquisition by TerrAscend Corp.


, ABI SF, LLC plans to enhance its product offerings with new strains and product lines, although specific upcoming launches are not detailed. The company is also exploring expansion into new geographic markets beyond California, aiming to solidify its presence in additional states by 2022. The funding from the acquisition will support these growth initiatives, allowing for increased production capabilities and market expansion efforts.


Current Investors

Canopy Growth Corporation, TerrAscend Corp.

Primary Industry

Healthcare

Sub Industries

Cigarettes, Cigars & E-cigarettes, Alternative Medicine, Pharmaceutical Research & Development

Website

www.stateflowercannabis.com

Verticals

Cannabis/Medical Marijuana, Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

ABI SF, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedABI SF, LLC-

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