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Pax Secures $420M Funding From New And Existing Investors

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SAN FRANCISCO, April 22, 2019-- PAX Labs, Inc., a leading consumer technology brand, has secured $420 million in equity financing from global institutional investors representing technology, healthcare, consumer products and diversified public equities. The financing also received support from existing investors, including Tiger Global Management and Tao Capital Partners. PAX takes the guesswork out of cannabis, delivering quality and predictability through its flagship vaporizers -- PAX Era for concentrates and PAX 3 for flower. The PAX mobile app allows consumers to control the temperature and draw strength of their vaporizer -- providing greater predictability in each session.

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