PAX Labs

PAX Labs

Produces portable cannabis vaporizers and accessories

About PAX Labs

Simplify's Rating
Why PAX Labs is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Healthcare

Consumer Goods

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$521.7M

Headquarters

San Francisco, California

Founded

2017

Overview

PAX Labs specializes in creating portable vaporizers for consuming cannabis in various forms, including loose leaf, wax, and oil extracts. Their devices, such as the PAX 2, PAX 3, and Era series, are designed to be compact and user-friendly, making them ideal for discreet use. These vaporizers feature advanced options like precise temperature control and connectivity with a mobile app, enhancing the vaping experience for both recreational users and medical patients. PAX Labs distinguishes itself from competitors by operating a direct-to-consumer model, which allows them to maintain quality control and provide a consistent customer experience. The company's goal is to offer high-quality, convenient vaping solutions while generating ongoing revenue through the sale of devices and compatible consumables.

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Simplify's Take

What believers are saying

  • PAX's 100% Live Rosin collection taps into the growing demand for pure cannabis products.
  • The company's sustainability initiatives align with the trend towards eco-friendly product design.
  • Collaborations with artists like James Goldcrown enhance brand visibility and appeal.

What critics are saying

  • Increased competition from advanced vaporizers like Storz & Bickel's Mighty could impact market share.
  • Patent litigation against companies like Stiiizy Inc. may lead to costly legal battles.
  • New products using ocean-bound plastic may face consumer adoption challenges.

What makes PAX Labs unique

  • PAX Labs offers app-controlled vaporizers with precise temperature control and connectivity.
  • The company is the first in cannabis to achieve Plastic Negative certification.
  • PAX Labs' direct-to-consumer model ensures product authenticity and customer experience control.

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Funding

Total Funding

$521.7M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Paid Vacation

Paid Parental Leave

Wellness Program

Phone/Internet Stipend

Mental Health Support

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
The Retail Data
Apr 4th, 2025
PAX Unveils Exclusive 100% Live Rosin Collection

PAX, a globally recognized leader in the cannabis industry, has announced the launch of its exclusive 100% Live Rosin Limited Edition collection.

Business Wire
Mar 27th, 2024
Pax Announces Industry-Leading Sustainability Initiatives To Fight Global Plastic Waste Crisis

SAN FRANCISCO--(BUSINESS WIRE)--PAX, a leading global cannabis brand, today announced a new program to reduce plastic waste. Through a partnership with rePurpose Global, the world’s leading Plastic Action Platform, PAX has become the first brand in the cannabis space to achieve Plastic Negative certification across all existing product lines. This certification includes PAX MINI and PLUS, PAX ERA and 1G pods, and PAX Gummies, and means that for every product sold, twice as much plastic waste is removed from nature. As part of this broader plastic action effort, PAX is launching PAX TRIP, the brand’s first all-in-one vape, and the industry’s first plastic negative all-in-one, made with ocean bound plastic. The TRIP features PAX’s pure cannabis oils, with a rechargeable battery that heats, never burns, from start to finish. Additionally, it has been engineered for clean hits, with a clear air path that ensures vapor never touches the internal electronics

Tobacco Reporter
Feb 1st, 2024
Pax Labs Sues ALD Over Patents

Pax Labs sues ALD over patents.

Tobacco Reporter
Jan 31st, 2024
Pax Labs Files Patent Suit Against Stiizy

Pax Labs Inc. has filed a lawsuit against the vape brand Stiiizy Inc. and its manufacturer ALD Group Ltd. for allegedly infringing four patents with vape pens they make and sell.

MoGreenway
Nov 14th, 2023
PAX Partners with international artist James Goldcrown to launch limited edition collection of cannabis vaporizers

PAX, a leading global cannabis brand, today announced the launch of its limited edition holiday collaboration "Love: Hits Different," in partnership with artist James Goldcrown.

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