MMJ company CannaKorp raises $5.7 million in 2016

CannaKorp, a Massachusetts company that’s been dubbed the “Keurig for marijuana,” said it raised $4.1 million in its latest round of fundraising to help manufacture and distribute its pod-based medical cannabis vaporizing system. For all of 2016, the company raised $5.7 million. The total includes an initial $1.6 million seed funding earlier that year, CannaKorp said in a news release. The company’s CannaCloud vaporizer is designed to allow medical cannabis patients to consume MMJ using a single-use, dose-controlled cup, or pod. CannaKorp said the funding will be used to manufacture its technology, cultivate partnerships with growers and dispensaries, ... MMJ company CannaKorp raises $5.7 million in 2016 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs