Massachusetts Vaporizer Company Raises $1.6 Million

An upstart Massachusetts company focused on the cannabis market announced it has raised $1.6 million from angel investors to develop its flagship vaporizer.

CannaKorp says its vaporizer will deliver medical cannabis in a single-use, dose-controlled cup – similar to a smaller version of the coffee pod.

It’s been dubbed the “Keurig for marijuana,” a reference to the single-serve coffee maker. CannaKorp also recently recruited a former senior vice president with Keurig – Dave Manly – to be its chief executive officer and chairman.

In its news release Tuesday, CannaKorp said it reshuffled its top management and elevated co-founder James Winokur to be CEO.

Manly will continue as chairman.

CannaKorp, founded in November, plans to begin shipping its vaporizer in late 2016 or early 2017.