# Greentank Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/greentank-technologies

- Industry: Hardware
- Headquarters: Toronto, Canada
- Website: www.greentanktech.com
- Total disclosed funding: $14M
- Latest round: Series A (Jan 2, 2019)
- Investors on record: 4

## About

Founded in 2016 by Corey and Dustin Koffler, and based in Ontario, Canada, Green Tank Technologies Corp., operates as a hardware company that offers various vape hardware products used in packaging. The company creates every piece with ceramic core technology. In March 2023, Green Tank Technologies Corp. raised CAD 2.7 million in venture debt funding from returning unspecified investors.

Green Tank offers various cannabis packaging solutions that include vape hardware products like GT GO (cartridge), GT M3 (disposable), GT M8 (disposable), and GT SURGE SERIES (batteries used in vapes).

The company also allows users to preheat their extracts and choose their preferred heat settings, along with device customization and branding, offering various surface finishes, secondary treatments, and mouthpiece options. This allows their partners' products to stand out from competitors on retail shelves.

The company generates revenue by selling various vape hardware products to its partner companies.

The company plans to use the March 2023 funding to accelerate the commercialization of its proprietary technology.

## Funding rounds

- Series A, Jan 2, 2019, $10M — Green Acre Capital, Argonautic Ventures, Newstrike Capital Inc.
- Seed, Mar 19, 2018, $3.3M — Casa Verde Capital, Green Acre Capital, Argonautic Ventures

## Investors

- Casa Verde Capital (https://capitalatlas.ai/funds/casa-verde-capital) — Seed
- Green Acre Capital (https://capitalatlas.ai/funds/green-acre-capital) — Seed, Series A
- Argonautic Ventures (https://capitalatlas.ai/funds/argonautic-ventures) — Seed, Series A
- Newstrike Capital Inc. — Series A