Signs Strategic Partnership with Cultivator, Retailer and Wholesaler
STONEHAM, Mass., June 28, 2018 /CNW/ -- CannaKorp™ Inc., the developers of the world's first pod-based, herbal vaporizer system, delivering unprecedented quality, convenience and consistency, announced today that it has entered into a definitive agreement for the distribution of its Wisp Vaporizer and Wisp Pods in Colorado. CannaKorp's newest go-to-market partner is Colorado's 2PK, LLC for the production and distribution of Wisp Pods and the sales of Wisp Vaporizers.
"This partnership brings an exciting new approach to the state, not only selling premium product through Wisp Pods at their soon-to-launch retail stores, but also providing a statewide, wholesale distribution network for the Wisp System," said Greg James, Senior Vice President of Sales and Distribution at CannaKorp. "We're thrilled to be launching in the Colorado market with a partner that shares our vision of providing a great experience through brand new, easy to use technology," Mr. James continued.
"We are pleased to join CannaKorp as its first strategic partner in the production and distribution of the Wisp System in Colorado. This unique product addresses a strong need in the Colorado cannabis marketplace and it's amazing to be a part of the company's growing success," said Robert Chilton, COO of 2PK, LLC. "Through our existing facilities, operated by Twin Peaks Joint Venture, LLC ("Twin Peaks"), in southern Colorado, we look forward to the statewide launch of the Wisp System. Twin Peaks' commitment to sustainable natural cultivation and optimal greenhouse conditions has translated into quality cannabis flower production since 2015," added Mr. Chilton.
The Wisp System, which launched in Massachusetts in March of this year, is a home appliance that ensures the finest experience in converting natural botanical and beneficial herbal products into a vapor form, free from combustion, additives and without denaturing. The company's nationwide and global commercialization continues with Colorado following suit, and an eye towards serving the Canadian medical and adult-use markets.
CannaKorp, Inc. is a Massachusetts-based technology start-up company that is simplifying and improving the experience for consumers interested in vaporizing natural herbs. CannaKorp has developed the world's first pod-based, herbal vaporizer system, delivering unprecedented quality, convenience and consistency. The complete system includes the ground-breaking vaporizer device, the Wisp; single-use, precisely-measured pods containing pre-ground, lab tested botanical herbs called Wisp Pods; and a proprietary pod-filling process. CannaKorp, Inc. was founded on care and commitment to patients and consumers, and is guided by a philosophy of social and environmental responsibility. Uniquely positioned to address a significant and important market need, CannaKorp is currently seeking investors and partners who share its vision of bringing a revolutionary new approach to this rapidly expanding industry. www.cannakorp.com
About 2PK, LLC / Twin Peaks
2PK, LLC is focused on the development and construction of turn-key state-of-the-art cultivation facilities and on providing management and operational solutions to licensed cultivators in the state of Colorado. Our facilities in southern Colorado currently have over 50,000 square feet under cultivation by Twin Peaks with plans for continued expansion throughout the state. Twin Peaks' commitment to sustainable, natural cultivation and optimal greenhouse conditions, ensures the ultimate expression of each phenotype. Color, shape, aroma, trichomes and resin production are all optimized by the extraordinary care, natural sunlight and controlled environment of its organic greenhouse grow.
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements.
Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
SOURCE CannaKorp, Inc.