CANADA: Target Group is acquiring CannaKorp’s operations in the United States and Canada. The acquisition will facilitate Target Group’s expansion of cannabis operations, and position the Company’s brand portfolio for global distribution. Target Group will continue executing its global expansion strategy, which is focused on acquiring and developing quality cannabis brands and solidifying long-term growth and stability in vital markets across the globe.
“The acquisition of CannaKorp will enable Target Group to enter all legal cannabis markets around the world, and to develop a centralized distribution channel for the WISP Vaporizer system, including centralized WISP Pod production. This acquisition also enables Target Group to provide the WISP and its WISP Pod technology to mainstream medical and recreational consumers, offering unprecedented variety through a break-through, consumer appliance experience that’s clean, convenient, consistent and easy to use.”, said Rubin Schindermann, Chief Executive Officer for Target Group.
Target Group Inc has identified a significant opportunity for growth within the wellness sector. Combining WISP natural herbal botanical pods with CBD (Cannabidiol), will allow WISP to develop a range of proprietary blends that will be available for sale within the broader American mass market immediately.