PROFILE

CannaKorp

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Germany's Cannabis legalization

The decision has been made: Germany completes historic cannabis legalization! Since 01.04.2024 there is a regulated cultivation and personal use. We will report!

Let’s face it, the world is evolving, and so is the way we consume cannabis. Long gone are the days when the only options were rolling a joint or packing a bowl. Enter Cannakorp, the groundbreaking technology revolutionizing the cannabis industry. Cannakorp is the brainchild of a group of innovative thinkers who believed there was a better, safer, and more sophisticated way to consume cannabis. And boy, were they spot on! What makes Cannakorp unique isn’t just its fresh approach to cannabis consumption. It’s the company’s commitment to quality, safety, and customer satisfaction.

Vision and founders

Cannakorp was born out of the shared vision of its forward-thinking founders. They envisaged a safer, cleaner, and more efficient way to consume cannabis, which led to the creation of the company. The founders’ vision was clear: to revolutionize the cannabis industry by introducing a more sophisticated and controlled consumption method. The Cannakorp system is a two-part deal. You’ve got the pod, which is filled with your choice of ground cannabis, and then there’s the vaporizer that heats the pod. To the untrained eye, Cannakorp might seem like some sort of high-tech gadget from a sci-fi movie. But the truth is, it’s as easy as pie to use. Cannakorp has developed an innovative, single-use, pod-based cannabis vaporization system aimed at enhancing and streamlining the experience for medical cannabis users. Their system introduces a pioneering vaporizer device that houses Wisp Pods, which are pre-ground and lab-tested botanical herbs. Coupled with a unique pod-filling procedure, this system allows medical cannabis patients to enjoy unparalleled quality, convenience, and consistency.

..a piece of cake. Just pop the pod into the vaporizer, push a button, and voila! You’re ready to inhale the goodness.

Cannakorp’s product: the CannaCloud

The core product of Cannakorp, the CannaCloud, is often referred to as the “Keurig of cannabis”. It’s a single-use pod-based vaporizer system designed to simplify the process of cannabis consumption.

Benefits of using Cannakorp

User Experience: The CannaCloud’s design prioritizes user-friendliness. The device is simple to use, making it accessible for both novices and experienced cannabis users.

Sustainability Considerations: Despite its single-use pod structure, Cannakorp has thoughtfully considered environmental sustainability. The pods are 100% recyclable, reducing their environmental impact.

How It Works: The CannaCloud is a vaporizer that uses pre-packaged pods filled with dried, ground cannabis. By inserting a pod into the machine and pressing a button, users can enjoy a seamless cannabis experience.

Cleaner Cannabis Consumption: One of the main benefits of using Cannakorp is that it offers a cleaner way to consume cannabis.

Consistent Dosing: Another major plus of using Cannakorp is the consistent dosing it offers.

Market response to Cannakorp and CannaCloud

The consumer response to Cannakorp and its CannaCloud system has been overwhelmingly positive. The simplicity and convenience of the product have struck a chord with many users. Cannakorp’s innovation has not only won over consumers but also made waves in the cannabis industry. It has set a new standard for cannabis consumption, pushing other companies to innovate. As other companies are also innovating in the cannabis space, Cannakorp faces competition. Staying ahead of the curve will be crucial for its continued success.

Patents assigned to CannaKorp, Inc.

CannaKorp secured a patent (10471223) for their innovative product, the Wisp, a home-use herbal vaporizer. This vaporizer operates similarly to the Storz & Bickel Volcano Classic, with the unique twist of using pre-filled, single-use pods rather than direct dry herbs. The origins of the cannabis used in Wisp Pods remain undisclosed, but these pods will be available for purchase at three Sira Naturals outlets in Massachusetts. Priced just under $300, the Wisp vaporizer presents an attractive alternative to the Volcano Classic, which retails at $480. Once it enters the US market, the Wisp will also have to contend with the Syqe Medical inhaler, a handheld vaporizer that utilizes individually-dosed cartridges.

Patent number: 10471223

Type: Grant

Filed: July 28, 2016

Date of Patent: November 12, 2019

Assignee: CannaKorp, Inc.

Inventor: Michael Patrick Bourque

Publication number: 20200069896

Type: Application

Filed: October 30, 2019

Publication date: March 5, 2020

Applicant: CannaKorp, Inc.

Inventor: Michael Patrick Bourque

Publication number: 20160331913

Type: Application

Filed: July 28, 2016

Publication date: November 17, 2016

Applicant: CannaKorp, Inc.

Inventor: Michael Patrick Bourque

Target Group Inc. acquired CannaKorp, Inc.

On March 5, 2019, Target Group Inc. (OTCQB: CBDY), publicly announced the successful acquisition of Massachusetts-based CannaKorp, Inc. (“CannaKorp”). The acquisition, effective from March 1st, 2019, was carried out as a stock-for-stock exchange, receiving approval and participation from 99.8% of CannaKorp shareholders, who exchanged their shares for those of Target Group. Post-acquisition, CannaKorp will operate as a subsidiary of Target Group, continuing its business activities.

Ownership Status: Acquired/Merged, founded in 2014 Financing Status: Formerly VC-backed Primary Industry: Pharmaceuticals and Biotechnology Acquirer: Target Group Incorporation Office: 74 Maple Street, Suite C, Stoneham, MA 02180, United States

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