Cannabis Tech Company PAX Labs Raises $420 Million And Reaches Unicorn Status On 4/20

was quietly closing on its latest funding round totaling a fortuitous $420 million. What started in 2005 as a master’s thesis by two Stanford Design Program students has grown into the global leader of vaporization technology and is now worth $1.7 billion, confirmed by a PAX Labs spokesperson on April 20.amount in equity financing from existing investors Tiger Global Management and Tao Capital Partners and new support from Prescott General Partners, Redmile Group and others.

“We are on a mission to establish cannabis as a force for good and this raise really resonated. It represents an inflection point for PAX and the entire industry,” says PAX Labs CEO Bharat Vasan. “Working with respected investors in sectors like healthcare and consumer technology validates that the movement is mainstream.

states with international distribution of select devices, PAX is leading the cannabis concentrates category. Vaporizing cannabis now represents more than 25% of the market by dollar volume in what Vasan says, “Is an otherwise highly fragmented industry.” According to

420 blaze it with all my fellows

Dope.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Hemp companies are raising capital at a fast clip and cannabis retailers can expect 4/20 sales spikeHemp companies are raising capital this year at more than 10 times the pace seen last year, according to the latest data from Marijuana Business Daily and...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Qualcomm and Apple reach settlement—here's what four experts say it means for the companies' stocks'We view Qualcomm as the clear leader in 5G modem technology.' Here's what Wall Street analysts are saying after Apple and Qualcomm settled their legal battle.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Tech companies have a major 'live' problemCNN News, delivered. Select from our newsletters below and enter your email to subscribe. donie Do All Tech Companies Have A 'Live' Problem? donie When the people can go live the media can't lie to us. That's how Covington was debunked. I love it. donie Cable companies have a major live problem.
La source: CNN - 🏆 4. / 95 Lire la suite »

Analysis | The Technology 202: Notre Dame cathedral fire reveals tech companies' struggle to combat misinformationThe Technology 202: Notre Dame cathedral fire reveals tech companies' struggle to combat misinformation Algorithms. The stuff that dreams are made on ... Appalling. Example of misinformation: Trump colluded with Russia
La source: washingtonpost - 🏆 95. / 72 Lire la suite »

Here's how advertisers are getting tech companies to clean up their act or risk losing billionsRaja Rajamannar talks about the World Federation of Advertisers' call for brands to 'hold platforms to account.'
La source: CNBC - 🏆 12. / 72 Lire la suite »