CannaKorp Launches Crowdfunding Campaign

MASSACHUSETTS: CannaKorp., the world’s first single-use, pod-based herbal vaporizer, announced today that it has opened its first crowdfunding campaign. This follows several successful fundraising rounds for the company, in which the company has raised over $7.5m.

Crowdfunding allows all of CannaKorp’s dedicated followers to participate in its funding and assist in its short-term launch goals.

The funds raised will be used for go-to-market activities including state-by-state rollout of the Wisp Herbal Vaporizing System, a home appliance that ensures the finest experience in converting natural botanical and beneficial herbal products into a vapor form, free of combustion, additives and without denaturing.

“We’re thrilled to open up our fundraising to the many interested investors that we’ve heard from,” said James Winokur, CannaKorp Co-Founder & CEO. “Our ‘Wellness Your Way’ platform, with the Wisp delivering a clean, convenient and consistent experience, has generated such tremendous feedback, we’re excited to offer an opportunity for the general public to join us on our journey.”

The first commercial launch of the Wisp system is expected to begin in April in Massachusetts and botanical herbal blend Wisp pods will be available nationally.

California — Now The Largest Cannabis Market In The World — Has No Product to Sell

CALIFORNIA: According to a report in the Los Angeles TimesCalifornia is facing a serious shortage of legal cannabis, caused by a number of factors, including the recent fires that devastated the state, and the lack of city licensing approvals.

“Nearly a month after legal sales began for adults in the nation’s most populous state, the longstanding medicinal and illegal marijuana markets are still transitioning to a multibillion-dollar regulated system, estimated to eventually reach $7 billion in value,” the Times reported. “So far, one of the biggest challenges is having enough growers.”

One company,  Micro Lab Farms, is addressing the marketplace need by providing an innovative solution — fully automated indoor growing environments that can be placed virtually anywhere. The turn-key system utilizes specially sealed shipping containers, outfitted with the most advanced technology in the world, which provide greater efficiencies, increased crop yields, and lower costs than other comparable method of cultivation.  Compared to outdoor cultivation, the Micro Lab Farms’ system can produce as many as twice the number of crop cycles per year.

The fully transportable systems from Micro Lab Farms can alleviate these obstacles by allowing businesses to locate their growing facility virtually anywhere. Additionally, the patent-pending system provides the perfect growing environment, so crops can be harvested far quicker than by other conventional means.