CannaKorp

CannaKorp

Closed: Apr. 2018

About this raise: Who Should Be Interested:
Are you someone who believes in the power of herbal remedies and wellness, and you’re looking for a natural way to relieve stress and relax? Or, are you a current or new cannabis user? If this sounds like you, then CannaKorp could be the investment you’re waiting for. Their innovative pod-based vaporizer system makes it easy to utilize and enjoy the benefits of natural botanicals and herbs -- including cannabis.

The Company:
CannaKorp is here to change the way you think about cannabis and herbal remedy consumption. They’re revolutionizing the industry through creating the world’s first pod-based vaporizer system. Called the Wisp, you simply insert a pod into the sleek white vaporizer, wait for it to heat the herbs inside, and then inhale the vapor produced for an easy, simple way to relax. The people behind the Wisp include some of the same people who made Keurig successful, and the concepts between the two designs are quite similar. The Wisp is now ready to go to market, and they’re looking to start sales in the US, Canada, Australia, and New Zealand. With the talented team and the ever increasing acceptance and use of Cannabis, the Wisp is slated to become the next go-to home appliance for vaporization and herbal wellness.

The Bottom Line:
Keurig revolutionized the way we think about and drink coffee. Now, much of that same team is here with CannaKorp to revolutionize the way we vaporize and consume herbal remedies. With the Wisp, people everywhere can embrace, and benefit from, the therapeutic benefits of cannabis and herbal wellness...one pod and deep breath in at a time.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
02/22/2018
Close Date
04/23/2018
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$520

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.52

Pre-Money Valuation

$21,143,627

Company & Team

Company

Year Founded
2014
Industry
Consumer Products, Goods & Services
Tech Sector
Location
Stoneham, Massachusetts
Company Website
Visit Website

Team

Employees
12

Funding data not publicly available

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/23/2018 StartEngine $21,143,627 $0 Equity - Common Not Funded RegCF
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CannaKorp on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $21,143,627
Price per Share: $0.52

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Warning: according to the close date for this deal, CannaKorp may no longer be accepting investments.

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