I don't know what the wrap system is..
You could create events to change the width and the height of your cannon-sprite, if that's the efffect you are after?
Should be relatively easy to do..
If you are looking to use effects for it you could search the effect part of this forum to see if any fit your need..
Also a plugin like litetween might get you some nice results, you can find it in the plugin section of the forum..