Greentank, a leading provider of premium vaporization hardware, has recently announced that it has received a strategic investment from Organigram, a leading Canadian cannabis producer. The investment is aimed at boosting Greentank’s vape business and expanding its product offerings.
The investment comes at a time when the demand for vaporization products is on the rise, especially in the cannabis industry. With the legalization of cannabis in many countries, including Canada and several states in the US, the market for vaporization products has grown significantly. According to a report by Grand View Research, the global vaporizer market size is expected to reach USD 43.3 billion by 2025, growing at a CAGR of 20.8% from 2019 to 2025.
Greentank has been at the forefront of this growth, providing high-quality vaporization hardware to cannabis companies across North America. The company’s products are known for their reliability, performance, and safety, making them a popular choice among cannabis consumers.
With the strategic investment from Organigram, Greentank plans to expand its product offerings and develop new technologies to meet the growing demand for vaporization products. The investment will also help the company to strengthen its position in the market and compete with other leading players in the industry.
“We are thrilled to receive this strategic investment from Organigram,” said Corey Koffler, CEO of Greentank. “This investment will allow us to accelerate our growth and expand our product offerings to meet the evolving needs of our customers.”
Organigram’s investment in Greentank is part of its strategy to diversify its product offerings and expand its presence in the cannabis industry. The company has been investing in various cannabis-related businesses, including vaporization products, edibles, and beverages.
“We are excited to partner with Greentank and support their growth in the vaporization market,” said Greg Engel, CEO of Organigram. “We believe that Greentank’s high-quality products and innovative technologies will help us to meet the growing demand for vaporization products and provide our customers with a premium experience.”
In conclusion, the strategic investment from Organigram is a significant milestone for Greentank, as it will help the company to expand its product offerings and strengthen its position in the market. With the growing demand for vaporization products, Greentank is well-positioned to capitalize on this trend and provide consumers with high-quality, reliable, and safe vaporization hardware.
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- Source: Plato Data Intelligence: PlatoData