Tragically Hip-backed firm joins Green Tank's $14 mln Series A

Green Tank Technologies, a Toronto-based maker of cannabis vaporization hardware, has raised $14 million in a Series A financing. The round was backed by existing investors, including Green Acre Capital, which co-led Green Tank's $4.3 million seed financing in 2018. New investors included Newstrike Brands, a Toronto-based cannabis company backed by Canadian band the Tragically Hip. Founded in 2016, Green Tank reports annual revenue growth of nearly 300 percent last year. It is now working with more than 130 global brands and has partnered with over a dozen local producers. Green Tank will use the funds raised for scaling operations, product innovation and new hires.

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