Company Overview
Snapshot
Founded in September 2019 by Ben Leibusher and Itay Farkash, Green Point operates with 1-10 employees. The company has raised $287,000 across one funding round from one investor. In January 2021, Green Point exceeded its pre-seed funding goal and launched a seed round for market penetration.
Business overview
Green Point is developing a fully automatic home machine designed for extracting customized cannabis oil from high-quality capsules. The device integrates with a user-friendly mobile app, offering an open interface for custom user blends, CMobile automation, and remote extraction monitoring. The company's vision is to deliver advanced automatic oil extraction technologies for both recreational and medical use, serving the Health Tech & Life Sciences sector, specifically focusing on Medical Cannabis, Consumer Electronics, and Household Appliances.
Strategic signal
In January 2021, Green Point exceeded its pre-seed funding goal and initiated a seed round to support market penetration. This signals strong early investor confidence in the company's innovative home cannabis oil extraction technology and its potential to capture a growing market for personalized cannabis products, both for medical and recreational applications.
Log in to access full profile ›Company Intelligence Q&A
- What is Green Point's core product?
- Green Point develops a fully automatic home machine for extracting customized cannabis oil from capsules. It features a user-friendly app, custom blend options, CMobile automation, and remote extraction monitoring.
- When was Green Point founded and by whom?
- Green Point was founded in September 2019 by Ben Leibusher and Itay Farkash.
- What was a significant recent development for Green Point?
- In January 2021, Green Point exceeded its pre-seed funding goal and launched a seed round aimed at market penetration for its home cannabis oil extraction machine.
- How much capital has Green Point raised?
- Green Point has raised a total of $287,000 across one funding round.
- What is Green Point's primary market focus?
- Green Point focuses on the Health Tech & Life Sciences sector, specifically targeting the medical cannabis market and consumers interested in recreational and lifestyle cannabis products through its home extraction technology.