Cannova Medical
Bio-delivery System for Cannabinoids and Natural Active Ingredients
Company Overview
Snapshot
Founded in January 2019, Cannova Medical operated with 1–10 employees. The company secured funding across two rounds from two investors. In June 2019, Nabis Holdings closed an acquisition of a 49% stake in Cannova Medical.
Business overview
Cannova Medical is a Health Tech & Life Sciences company focused on developing alternative methods for cannabis consumption. The company's core technology involves sublingual strips infused with water-soluble cannabinoids and natural active ingredients, produced using a patent-protected process. These strips are designed to offer controlled dosage and enhanced efficacy for various applications, including pain management, concentration, antidepressant effects, and sleep support. Additionally, Cannova Medical was developing the NovaJet Pro, a countertop machine enabling clients to create customized film strips at home. The company operates within the Pharmaceuticals sector, targeting both B2B and B2C markets, with a focus on North America.
Strategic signal
In June 2019, Nabis Holdings completed the acquisition of a 49% stake in Cannova Medical. This strategic investment validated Cannova Medical's innovative approach to cannabis consumption and signaled a significant move towards market expansion and product development within the burgeoning medical cannabis sector.
Log in to access full profile ›Company Intelligence Q&A
- What is Cannova Medical's primary focus?
- Cannova Medical develops a bio-delivery system for cannabinoids and natural active ingredients, primarily through sublingual strips, targeting various health applications.
- When was Cannova Medical founded?
- Cannova Medical was founded in January 2019.
- What was a key strategic development for Cannova Medical in 2019?
- In June 2019, Nabis Holdings closed the acquisition of a 49% stake in Cannova Medical.
- What technology was Cannova Medical developing?
- Cannova Medical was developing sublingual strips infused with cannabis molecules and the NovaJet Pro, a countertop machine for creating customized film strips at home.
- What is the current status of Cannova Medical?
- Cannova Medical is currently non-active, having ceased operations in December 2020.