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,
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