Pax
Pax is a cannabis technology company that produces loose-leaf vaporizers and pod-based systems with a focus on quality and design.
Secondary Market Price
How Pax Measures Up
To help you manage your Pax equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series C
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
Secondary Market Price Chart
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Prospect Projected Future Pax Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Pax's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
PAX Labs, formerly known as Ploom, is a company that develops and manufactures cannabis vaporization products, including loose-leaf vaporizers, pods, edibles, and accessories. The company, which operates in the consumer products and cannabis sectors, focuses on the design and performance of its hardware. Founded in 2007, PAX Labs has raised $486.7 million in total funding and had a market valuation of $1.7 billion as of April 2019. The company is also certified as Plastic Negative across all its product lines.
The company has stated a commitment to advocating for federal cannabis policy reform, including descheduling and legalization, with a focus on building a regulated market. Recent company developments include the launch of the PAX MINI and PAX FLOW vaporizers. PAX Labs has also received industry recognition, winning awards at events such as MJBizCon and The Emjays for products including the PAX Era hardware and the PAX TRIP Blue Dream Live Rosin with Diamonds All-In-One.
- Tiger Global Management
- Tao Capital Partners
- Prescott General Partners
- Redmile Group
- Fidelity Management & Research Company
- Sivia Capital
- Sand Hill Angels
- Co-Founder, Adam Bowen
- Co-Founder, James Monsees
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Pax worth joining?
Evaluating an offer from a private company like Pax requires analyzing the potential of its equity package. Prospect can help you project the future value of your potential Pax shares, allowing you to make a more data-driven career decision.
What should I do with my Pax stock?
Deciding what to do with your Pax stock involves weighing factors like taxes, timing, and your personal financial goals. Prospect builds personalized option exercise strategies to help you maximize your returns and minimize your tax burden.
Can you sell Pax stock?
Yes, it is often possible to sell stock in a private company like Pax on secondary markets or through company-approved tender offers. Prospect’s Tender Offer Tools can help you decide how much to sell and identify the most tax-optimal shares.
How can I find the value of my Pax stock?
Prospect uses proprietary predictive models to project the future value of private company shares, including those from Pax. By uploading your equity grant details, the platform can generate data-driven projections for your stock's potential worth.
What is Pax's equity worth?
The precise value of private equity like Pax's is difficult to determine, but you can get a strong estimate. Prospect’s platform uses machine learning models to project a range of likely outcomes for your equity, giving you a clearer picture of its potential value.
What is Pax's stock ticker symbol?
As a private company, Pax does not have a stock ticker symbol because its shares are not traded on public stock exchanges. Ticker symbols are only assigned to companies once they complete an Initial Public Offering (IPO).
Can I buy or sell Pax stock?
While selling Pax stock is often possible through secondary markets, buying additional shares as an employee is less common. Prospect can help you navigate a sale and also model the ROI of exercising your existing stock options.
What is the criteria to buy or invest in Pax stock?
The decision to exercise your Pax stock options should be based on a clear analysis of the company's potential, the tax consequences, and your own financial situation. Prospect helps you weigh these criteria by providing data-driven projections and personalized strategies for your Pax equity.
