What is Greentank?
Founded in 2015 and headquartered in Ontario, Canada, Greentank specializes in the design, development, and manufacturing of proprietary vaporization technology. Unlike generic hardware providers, Greentank engineers its solutions to be compatible with the specific extract formulations of its brand partners. This focus on precision and performance has allowed the company to capture significant market share, positioning it as a leader in the cannabis inhalation technology space. By bridging the gap between complex chemical formulations and consumer-facing hardware, Greentank provides a critical service that enhances brand consistency and product efficacy for its clients.
How much funding has Greentank raised?
Greentank has raised a total of $50.8M across 4 funding rounds:
Angel/Seed
$4.3M
Series A
$10M
Series B
$16.5M
Stock/Share Issuance
$20M
Angel/Seed (2018): $4.3M with participation from Green Acre Capital and Casa Verde Capital
Series A (2019): $10M led by Newstrike Brands and Green Acre Capital
Series B (2023): $16.5M supported by Organigram Holdings
Stock/Share Issuance (2026): $20M featuring AIR (Advanced Inhalation Rituals)
Key Investors in Greentank
Casa Verde Capital
Casa Verde is a premier venture capital firm dedicated exclusively to the cannabis sector, investing in scalable, capital-efficient businesses led by world-class management teams.
AIR (Advanced Inhalation Rituals)
AIR Global is a dominant manufacturer in the social inhalation market, holding significant market share in hookah products and actively expanding into electronic vaporization and nicotine alternatives.
Green Acre Capital
Green Acre Capital is a Toronto-based private investment fund that focuses specifically on the Canadian cannabis industry, providing strategic support to emerging market leaders.
What's next for Greentank?
With the recent injection of $20M, Greentank is well-positioned to accelerate its enterprise-level expansion and deepen its R&D capabilities. The company is expected to leverage this capital to refine its manufacturing processes and potentially explore adjacent inhalation markets. As the global regulatory landscape for cannabis continues to mature, Greentank's focus on high-performance, reliable hardware will likely remain a key competitive advantage. Future strategic initiatives will likely prioritize international market penetration and the integration of advanced material science into their existing product portfolio, ensuring they remain at the forefront of the vaporization industry.
See full Greentank company page
