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MedReleaf Partners With Pod-Based Vape Developer, CannaKorp

July 17, 2017

 

MedReleaf Corp. (TSX:LEAF)(OTC:MEDFF) has announced that the company has entered into a licensing and distribution agreement with Massachusetts-based CannaKorp, Inc. CannaKorp is the developer and manufacturer of the CannaCloud. 

 

The CannaCloud is the world's first single use, pod-based cannabis vaporizing system. Referred to by some as the "Keriug of Cannabis", the CannaCloud system uses recyclable one-use pods that are filled with precisely measured ground cannabis flower and sealed. 

 

(Image Credit - CannaKorp)

 

Through this distribution agreement, the pods will be produced exclusively by MedReleaf and a variety of strains/blends will be available to Canadian patients through the MedReleaf online store upon regulatory approval. 

 

Management Commentary

 

MedReleaf's CEO, Neil Closner

 

"We are proud to partner with technology leaders like CannaKorp to be the first licensed producer in Canada to offer this innovative cannabis vapor delivery system. For those medical cannabis patients who prefer inhalation, CannaCloud presents a proven method of delivery with unique bioavailability benefits and avoids the health concerns associated with the combustion of cannabis. This agreement underscores MedReleaf's uniqueness in the marketplace and commitment to a patient-centric business model; providing a consistent, high quality, and healthy experience for our patients."

 

CannaKorp's CEO and Co-Founder, James Winokur

 

"We carefully select our partners who share our vision and high standards so we are able to deliver patients an easy to use, predictable, and overall great experience. With their tremendous attention to quality assurance, MedReleaf represents exactly the kind of partner we've dreamed of to bring the first CannaKorp products to the Canadian market."

 

Conclusion

The Daily Marijuana Observer is working on a marijuana stock profile for MedReleaf  so check back soon, or subscribe to their Canadian L.P. newsletter so you never miss an important update from one of Canada's 52 LPs


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D/M/O

 

Disclaimer
 

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