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Nabis Holdings inks deal with CannaKorp to produce pods for its Wisp Vaporizing System

The Wisp Vaoprizer System is a sort of Keurig for dry herb vaporization

Wisp pods
The Wisp system functions as a home appliance, the company said, and is the world’s first single-use pod vaporizing system

Nabis Holdings Inc (CSE:NAB) (OTCMKTS:NABIF) has reached a deal with CannaKorp Inc to become an authorized supplier of single-use pods for its signature Wisp Vaporizer System

Nabis will be the sole supplier of vapor pods in the US state of Arizona, including custom pods sold under the company’s recently launched BIS brand of CBD products.

The Wisp system functions as a home appliance, the company said, and is the world’s first single-use pod vaporizing system.

READ: Nabis Holdings launches new Be In Synergy line of CBD products in the US

"We are thrilled to announce our strategic agreement with CannaKorp,” Nabis CEO Shay Shnet said in a statement. “This ‘thoughtful technology’ used with our herbal blends offers choice, expertise and consistency in a new way, keeping in line with our mission to innovate and become a recognized leader in the industry.”

As CannaKorp’s exclusive Arizona provider, Shnet added, Nabis will also produce any future brands that CannaKorp partners with, in the state.

"This partnership brings an exciting new approach to our entrance in the state of Arizona,” CannaKorp CEO Saul Niddam said in the statement. “Not only will Nabis sell ultra-premium product Wisp Pods at their soon-to-launch retail stores, but they will also provide a statewide, wholesale distribution network for the Wisp System.”

Shares of Nabis slid 10% to C$0.09 on Bay Street on Wednesday and 6.9% to US$0.07 in New York.

—Updated to include stock movement—

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

Quick facts: Nabis Holdings Inc.

Price: 0.07 CAD

CSE:NAB
Market: CSE
Market Cap: $7.65 m
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