TheraTrue Receives $50M in Funding


TheraTrue, Inc., an Atlanta, GA and Richmond, VA-based medical cannabis production company, received $50m in funding.

Founded in Georgia in 2019 by scientist, entrepreneur, and investor, Dr. Paul Judge and led by new CEO Victor E. Mancebo, TheraTrue operates medical cannabis facilities aimed to deliver products to improve the quality of life for patients suffering from debilitating medical conditions. The company’s medical advisory board includes over 20 physicians, pharmacists and scientists.

TheraTrue also submitted medical cannabis license applications in Georgia and Virginia. It has partnered with several universities in Georgia and Virginia to conduct research.

Victor E. Mancebo has joined TheraTrue Inc. as CEO. Mr. Mancebo also serves as President and Chief Operating Officer of TheraTrue Georgia LLC and TheraTrue Virginia LLC. Prior to joining TheraTrue, Mr. Mancebo served as President and CEO of Liberty Health Sciences, Inc. a vertically integrated medical cannabis company based in Florida that is a public company. Under his leadership, Liberty Health Sciences’ annual gross revenue increased from $5 million to over $54 million. In addition to his proven expertise as a CEO of a publicly traded, vertical medical cannabis company, Mr. Mancebo is of Afro-Caribbean origin, thereby aligned with TheraTrue’s mission of diversity in leadership, ownership and team members.