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Greentank Technologies secures $20 million investment from AIR Global to bolster its vaporization technology. This strategic funding will support the company's ongoing growth and innovation in vaping devices.

PRIVATEJul 30, 202611 days ago

Amount Raised

$20 Million

Round Type

Venture - Series Unknown

TorontoBiotechnologyCannabis

Investors

Air Global

Description

Greentank Technologies has received a $20 million investment from AIR Global aimed at expanding its vaporization hardware and heating technology. The investment will be made through the purchase of preferred shares, and AIR Global has the option to increase its stake by 20% in the next two years. Founded in 2016, Greentank designs cutting-edge hardware for cannabis and nicotine vaping devices. This new funding comes as the company prepares for regulatory processes with the FDA.

Company Information

Company

Greentank Technologies

Location

Toronto, Ontario, Canada

About

Greentank Technologies is a leading R&D firm specializing in electronic vaporization technologies. We are dedicated to consistently providing the highest quality and most dependable customizable vaporization hardware on the market. Using our proprietary heating technology, we are able to design, develop and manufacture vaporization hardware that brings our customers’ unique visions to life. What is the Greentank Advantage? - Our proprietary ceramic formulations. - The most in-depth customization possibilities in the industry. - A hands-on approach to our customers' unique formulations. - Our strong and aligned strategic manufacturing partnerships. - Our commitment to sourcing only the highest-grade materials. - Our rigorous and multi-tiered quality control and quality assurance processes. - Our investment and dedication to innovation and product development.

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