Green Tank Technologies designs, develops, and manufactures high-quality premium vaporization hardware. CFO Jeremy Stepak anticipates that Phase II of Canada’s legalization timeline, when concentrates and vapes are expected to be legalized, will be a huge catalyst for Green Tank. However, Green Tank’s existing client base in the US recreational market protects the company against any delays in the Canadian legalization roll out. Stepak describes how the vape market has grown in the past two years and that Green Tank aims to provide a premium vape experience to ensure the company’s profitability. Green Tank vapes utilize True-Taste Ceramic Core Technology, which gently warms the oil until it vaporizes without damaging the terpene THC profile.
https://youtu.be/tjpZKw3xWUYVideo can’t be loaded: Green Tank Technologies True-Taste Technology Premium Vaporizers (https://youtu.be/tjpZKw3xWUY)
Transcript:
James West: Hey, welcome back to Midas Letter live. My guest in this segment is Jeremy Stepak, is that correct?
Jeremy Stepak: That’s right.
James West: He’s the CFO of Green Tank Technologies. Jeremy, welcome to the show.
Jeremy Stepak: Thanks for having me.
James West: And tell me: what does Green Tank Technologies do?
Jeremy Stepak: Yeah, so Green Tank at its core is a, we design, develop and manufacture high-quality premium vaporization hardware for the cannabis space.
James West: Did you bring any samples?
Jeremy Stepak: But I knew that was going to come up, and we talked about it. No, not on this segment, no.
James West: Oh, I guess we’re just a little shy of October 17th, so it’s probably a good idea that you didn’t. Plus, I tend to become much less conversational after I imbibe.
Jeremy Stepak: Well, I can’t speak to that; it depends on whatever you’re using. But we don’t touch the plant, we just make the hardware.
James West: So you did a $4.3 million seed round back in March, and you have a sister company called WeCannect, spelled very cleverly. And so what is the nature of – oh, Casa Verde, that’s Snoop Dogg’s operation. I was up with Snoop Dogg in Smith’s Falls this past weekend, that’s great. And wow, okay, so you’ve got a real business developing here, I can tell just by the little Coles Notes here. So tell me, what are the big catalysts that are going to happen in 12, 24 months that launch your company into the stratosphere and take your investors with you?
Jeremy Stepak: That’s an ambitious – no, it’s a good little story we’ve built up. We’ve been really proud of the com