Cannova Medical

Bio-delivery System for Cannabinoids and Natural Active Ingredients

Health Tech & Life Sciences
Non Active, Dec 2020 ceased to operate

Company Overview

Snapshot

Founded in January 2019, Cannova Medical operated with 1–10 employees. The company raised $5.25 million across two funding rounds from two investors. In June 2019, Nabis Holdings closed an acquisition of 49% of Cannova Medical.

Business overview

Cannova Medical is a Health Tech & Life Sciences company developing an alternative method for cannabis consumption through sublingual strips. These strips are infused with cannabis molecules produced using a patent-protected process that combines various formulations with water-soluble cannabinoids and natural active ingredients. The technology aims to provide precise dosage control and enhance the effects of cannabis for applications including pain management, concentration, antidepressant effects, and sleep support. Additionally, Cannova is developing the NovaJet Pro, a counter-top machine enabling clients to create customized film strips at home, offering tailored sublingual strips with specific measured quantities of cannabinoids and other natural substances. The company operates in the Pharmaceuticals sector, targeting both B2B and B2C markets in North America.

Strategic signal

In June 2019, Nabis Holdings completed the acquisition of a 49% stake in Cannova Medical. This strategic investment provided significant validation for Cannova Medical's innovative bio-delivery system for cannabinoids and natural active ingredients, signaling strong investor confidence in the company's technology and its potential to disrupt the cannabis consumption market.

Company Intelligence Q&A

What is Cannova Medical's primary focus?
Cannova Medical focuses on developing a bio-delivery system for cannabinoids and natural active ingredients, primarily through sublingual strips and a device for at-home customization.
When was Cannova Medical founded?
Cannova Medical was founded in January 2019.
What significant corporate event occurred in June 2019?
In June 2019, Nabis Holdings closed the acquisition of a 49% stake in Cannova Medical.
What is the NovaJet Pro?
The NovaJet Pro is an innovative, counter-top machine developed by Cannova Medical that enables clients to create customized film strips with tailored quantities of cannabinoids and other natural substances at home.
What is the current status of Cannova Medical?
Cannova Medical is currently Non Active, having ceased to operate in December 2020.

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