Green Tank completes million-dollar funding round

858 0

The vaporization hardware company continues to find support

Green Tank Technologies is a Canadian company that specializes in high-performance vaporization hardware. It has been around since 2016 and continues to impress both investors and the marijuana industry. The company has announced the completion of a Series A funding round, the results of which showed why the company is so strong.

Green Tank attracted approximately $10 million during the round. Investments were seen by Green Acre Capital, Newstrike Brands and more, and will help the company capitalize on its already 300% growth streak.

According to Green Tank Chief Operating Officer Corey Koffler, “This financing will enable Green Tank to capitalize on new opportunities on a global scale. It will allow us to achieve our innovation goal of producing the highest performing vape technology on the market and to become the premiere B2B solution for our brand partners around the world.”

Commenting on the company’s participation in the funding, Newstrike Chief Strategy Officer Mark E. Burton stated, “Our strategic investment in Green Tank underscores our vision of building a premier consumer brand for the adult recreational market, with significant emphasis on the vape category. We expect vape products to be a significant part of our overall revenue profile and we are excited to be working closely with Green Tank to design and deliver highly innovative vaporization hardware specifically designed to work seamlessly with our unique cannabis extracts.”

Green Tank already works with more than 130 brands in the U.S. and international markets. It also has partnerships in Canada, and recently announced the introduction of a child-resistant vaporizer cartridge. The Series A funding will help the company scale its operations, accelerate innovation and recruit experts to help with growth.