What is Greentank?
Founded in 2015 and headquartered in Ontario, Canada, Greentank specializes in creating state-of-the-art vaporization technology tailored for licensed producers and extractors. The company's commitment to engineering bespoke solutions for specific extract formulations positions it as a key partner for brands seeking to optimize their product offerings. Greentank's focus on performance and brand-specific customization differentiates it in a competitive market, driving demand for its innovative hardware.
How much funding has Greentank raised?
Greentank has raised a total of $30.8M across 3 funding rounds:
Angel/Seed
$4.3M
Series A
$10M
Series B
$16.5M
Angel/Seed (2018): $4.3M with participation from Casa Verde Capital and Green Acre Capital
Series A (2019): $10M led by Green Acre Capital and Newstrike Brands
Series B (2023): $16.5M supported by Organigram Holdings
Key Investors in Greentank
Casa Verde Capital
Casa Verde Capital is the leading venture capital firm focusing exclusively on the cannabis industry, investing in scalable businesses led by world-class management teams that address long-term market needs.
Green Acre Capital
Green Acre Capital is a private investment fund company founded in 2016, with its focus on the Canadian cannabis industry and based in Toronto, Canada.
Organigram Holdings
Organigram Holdings is a significant player in the cannabis industry, participating in Greentank's Series B funding round.
What's next for Greentank?
With substantial backing from strategic investors, Greentank is poised for significant expansion and continued product development. The recent major strategic investment signals strong confidence in the company's business model and its potential to capture a larger share of the cannabis vaporization market. Future initiatives are likely to focus on enhancing manufacturing capabilities, exploring new technological advancements in vaporization, and potentially broadening its client base through strategic partnerships. This capital will be instrumental in solidifying Greentank's leadership in providing premium hardware solutions.
See full Greentank company page
