Tank Glass

Tank Glass

Built For Durability And Function

Tank Glass is a direct-to-consumer brand that produces high-quality, durable smoking supplies. Currently, Tank Glass offers 4 glass products under the brand name; however, we just finished development on 3 brand new products and have more products in our development pipeline. Tank Glass has built a large, loyal customer base that, over the last two years, has been demanding new products from us. We are very excited to deliver on these demands and bring brand new, high quality, Tank Glass brand name products to our customers and smokers around the world.

Security Type
Secured Loan
Industry
Retail
Min Investment
$100
Location
Los Angeles, CA
Offering Date
October 04, 2021
Expected Close Date
October 30, 2021
Security Price
$1

Management

Justin Lyle, Co-Owner
Justin is an entrepreneur with experience building brands, hiring the right teams, and developing scalable infrastructure to handle growth. He started his first business, a smoking subscription box, out of his UCLA college dorm and successfully exited from it two years after launch. As a founding member of Tank Glass, Justin has developed strategic manufacturing partnerships, led the design and development of new products, and built the systems required to scale into brick and mortar.

Alex Ferriera, Co-Owner
Alex Ferriera is a technical Co-Founder with a multi-disciplinary background in development, marketing, and operations. He was previously on the founding team for Puff Pack and played a major role in the growth and eventual acquisition. He has been instrumental in the founding of Tank Glass, helping to lay the initial technical foundation, secure key marketing partnerships, and optimize the supply chain.

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Security Description

Secured debt is debt backed or secured by collateral to reduce the risk associated with lending. If the borrower on a loan defaults on repayment, the debt holder can seize the collateral, sell it, and use the proceeds to pay back the debt. Assets backing debt or a debt instrument are considered as a form of security, which is why unsecured debt is considered a riskier investment than secured debt.

Key Deal Facts

Tank Glass has been featured by some of the largest cannabis media outlets including Herb, NowThis, WeedHumor, and more.
At the end of 2020, Tank GLass booked over $500K in revenue as a profitable, debt-free business.
The business has garnered attention from some of the most notable influencers in the space, including Tommy Chong, Custome Grow 420, Mson Ray Parker, and more.

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