About Green Tank Technologies
Green Tank Technologies is a company based in Toronto (Canada) founded in 2015.. Green Tank Technologies has raised $28.23 million across 4 funding rounds from investors including Organigram, Newstrike and Green Acre Capital. Green Tank Technologies offers products and services including Quantum Distillate ONE, GT GO, GT AC, GT Palm, and GT Nano. Green Tank Technologies operates in a competitive market with competitors including Auxly, TerrAscend, Neptune Wellness, HEXO and Simply Solventless, among others.
- Headquarter Toronto, Canada
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Greentank Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.23 M (USD)
in 4 rounds
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Latest Funding Round
$14.5 M (USD), Series B
Mar 31, 2023
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Investors
Organigram
& 5 more
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Employee Count
Employee Count
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Products & Services of Green Tank Technologies
Green Tank Technologies offers a comprehensive portfolio of products and services, including Quantum Distillate ONE, GT GO, GT AC, GT Palm, and GT Nano. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Advanced cartridge for distillate vaping with safety features.
Cartridge designed for efficient aerosolization in vaping devices.
All-ceramic cartridge for premium extract delivery in vaping.
Disposable device for convenient and safe vaping experiences.
Compact disposable vape for on-the-go aerosolization needs.
Disposable unit with enhanced performance for user satisfaction.
Disposable vape offering reliable and innovative technology.
Battery series for powering advanced vaping hardware systems.
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Leadership Team
10 people
Sales and Marketing
4 people
Software Development Team
3 people
Human Resources and Administration
2 people
Finance and Accounting
2 people
Operations Team
2 people
Creative and Marketing Team
2 people
Product Management Team
1 people
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Funding Insights of Green Tank Technologies
Green Tank Technologies has successfully raised a total of $28.23M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $14.5 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $14.5M
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First Round
First Round
(20 Mar 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Debt – Conventional - Green Tank Technologies | Valuation |
investors |
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| Mar, 2023 | Amount | Series B - Green Tank Technologies | Valuation | Organigram |
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| Mar, 2019 | Amount | Series A - Green Tank Technologies | Valuation | Newstrike |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Green Tank Technologies
Green Tank Technologies has secured backing from 6 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Organigram, Newstrike and Green Acre Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Green Acre Capital is focused on cannabis industry investments.
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Founded Year | Domain | Location | |
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Investment in cannabis industry startups is facilitated by Casa Verde.
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Founded Year | Domain | Location | |
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Provider of cannabis products, brands, and international business development investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Green Tank Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Green Tank Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Green Tank Technologies Comparisons
Competitors of Green Tank Technologies
Green Tank Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Auxly, TerrAscend, Neptune Wellness, HEXO and Simply Solventless, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform for managing cannabis manufacturing operations is provided.
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| domain | founded_year | HQ Location |
Cannabis dispensaries are operated and medical products are retailed.
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| domain | founded_year | HQ Location |
Manufacturer of cannabis products and retail services
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| domain | founded_year | HQ Location |
Cannabis-based products are manufactured by HEXO in Canada.
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| domain | founded_year | HQ Location |
CBD concentrates are retailed from Calgary, Canada.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Green Tank Technologies
Frequently Asked Questions about Green Tank Technologies
When was Green Tank Technologies founded?
Green Tank Technologies was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Green Tank Technologies located?
Green Tank Technologies is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Green Tank Technologies a funded company?
Green Tank Technologies is a funded company, having raised a total of $28.23M across 4 funding rounds to date. The company's 1st funding round was a Series A of $10.44M, raised on Mar 20, 2018.
What does Green Tank Technologies do?
Green Tank Technologies was established in 2015 in Toronto, Canada. Operations focus on the cannabis vaping sector, where private label manufacturing is conducted for vaporizers, shatter pens, cartridges, and pods designed for cannabis oil. Cleaning accessories for vaporizers are also produced. The company serves as a supplier in the vape product industry, with its domain at greentanktech.com.
Who are the top competitors of Green Tank Technologies?
Green Tank Technologies's top competitors include Auxly, TerrAscend and HEXO.
What products or services does Green Tank Technologies offer?
Green Tank Technologies offers Quantum Distillate ONE, GT GO, GT AC, GT Palm, and 4 more products and services.
Who are Green Tank Technologies's investors?
Green Tank Technologies has 6 investors. Key investors include Organigram, Newstrike, Green Acre Capital, Casa Verde, and Alan Gertner.
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