CannaOne Technologies Inc. (CSE:CNNA)

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Farm Bill Passing Opens Up Ancillary Markets for CBD Sector

New York, NY – March 19, 2019 – Last year was a banner year for cannabis, as California became the largest legal US marketplace, Canada rolled out broad legalization, and Mexico’s Supreme Court opened the door to being the next country to follow. With even more new markets set to come, there also come new challenges and new goals for the cannabis sector as a whole. To keep up with the shift, industry innovators, such as CannaOne Technologies Inc. (CSE:CNNA), Green Thumb Industries Inc. (CSE:GTII) (OTC:GTBIF), Terra Tech Corp. (OTC:TRTC), Namaste Technologies Inc. (OTC:NXTTF) (TSX.V:N), and CV Sciences, Inc. (OTC:CVSI), are proposing solutions to keep up.

 

As new markets emerge, new concerns seem to be cropping up, including what’s known as the “LTV”, or Lifetime Value of a cannabis consumer. Helping companies curb that rapidly growing cost, is CannaOne Technologies Inc. (CSE:CNNA), with its unique B2C tech platform designed to help the cannabis industry.

 

“The Lifetime Value of a cannabis consumer is one of the highest of any consumer,” said CEO Solomon Riby-Williams in an interview with Stockhouse. “Our platform revolves around capturing the pertinent information and activity of a cannabis consumer to best serve their needs and retain them as loyal customers.”

 

CannaOne’s Bloomkit software is a one-stop platform for cannabis dispensaries and CBD retailers with full-service e-commerce, facilitating either delivery or in-store pickup options. The design-focused cannabis commerce solution provides all types of customized e-commerce platforms, all solely focused on the unique needs of the cannabis market. Built to handle both the recreational and medicinal marijuana markets, Bloomkit is adaptable to handle any and all legal regulatory environment.

 

A Wide Variety of Rules, Regulations, and Needs

 

While the hype was still resonating from cannabis legalization in Canada, and the ink was still drying on proposals for legalization of hemp-derived CBD in the USA, Mexico announced approval for the importation of cannabis products in pharmacies and retailers in late November 2018.

 

Spanning the entire country with a population of more than 130 million, the potential introduction of Mexico was a major market entry that was perhaps less publicized compared to the country’s fellow North American neighbors. So far, sixty product licenses have been initially approved by the country’s regulators known as COFEPRIS—and a decision is expected soon that will make cannabis products such as hemp-derived CBD available on shelves of general retailers across the nation.

 

Leading the pack of companies equipped to capitalize on Mexico’s legalization wave is CannaOne Technologies Inc. (CNNA). Through a formal service agreement with Manna Health Services of Mexico City, CannaOne will be utilizing its Bloomkit platform to undertake the development, launch, and operation of the first cannabidiol (CBD) product market for the Mexican nation.

 

Upon the announcement, CEO Solomon Riby-Williams stated: “BloomKit, our enterprise software solution, will give Manna Health the capability to offer a flagship and fully operational online CBD marketplace once regulations are finalized; the ability to inherently monitor and track pick-up and delivery logistics; the capability to deliver historical and current trending analytics to ensure optimal management of all CBD sales channels; and will do so all with a simple and easy to use built-in eCommerce solution to provide its clients a truly pleasurable shopping experience.”

 

As per the terms of the deal, CannaOne receives a fixed fee contract, as well as a long-term transaction-fee sharing opportunity. Manna Health brings with it a highly respected reputation with existing partnerships covering retail and commercial land, pharmacies, shopping malls, and tourist destinations across Mexico. Currently, Manna Health is approved to buy, sell, lease, distribute, import, export and anything else related to health and wellness products. Manna Health has committed to jointly study, analyze and further utilize all market and consumer data we collectively gather and retain through the marketplace once launched.

 

The Bloomkit software solution is ideal for the situation, as it is designed to give clients the ability to operate and satisfy regulatory environments of any governing body around the world. Bloomkit is the first product in the Bloom Product Suite, and presents a turnkey enterprise software solution that any B-to-C cannabis company can utilize.

 

Bloomkit’s inherent functionalities ensure its users the highest levels of on-going customer satisfaction, while giving CannaOne Technologies Inc. (CSE:CNNA) the opportunity to serve an overall base of global clients with a leading software suite at the forefront of the industry.

 

The Bloom Product Suite™ is representative of complete data-driven and design focused software solutions that contain diverse system architectures and provide intelligent, machine learning that will give clients detailed industry business insights and ultimately lead to the creation and management of predictive content and product recommendation engines.

 

“The uniqueness of differentiator of our digital environment is that it is 100% cannabis centric,” adds Riby-Williams. “The consumer-facing side and backend dashboard of our platform is intuitive and easy to navigate. The entire user experience for both the consumer and manager were designed with the cannabis user in mind at all times. All the tools and modules within our platform are developed and geared towards cannabis products and consumers.”

 

Further Solutions for the Sector’s Unique New Challenges

 

From a retail perspective, Green Thumb Industries Inc. (CSE:GTII) (OTC:GTBIF) made a recent splash, when it acquired Los Angeles-based For Success Holding Company, creators of the lifestyle suite of Beboe branded cannabis products. Beboe is a leader of luxury cannabis, which recently embarked on an exclusive partnership with Barneys New York for a luxury cannabis lifestyle and wellness shop, “The High End”. Amid Green Thumb’s operations, is the utilization of software from a tech startup called Leaf Trade, which it uses to create an online storefront.

 

Many sellers and dispensaries are pleased with technological advancements that can improve their sales and customer experience. Terra Tech Corp. (OTC:TRTC) recently completed its acquisition of the Blüm dispensary in Reno, Nevada.Terra Tech made a name for itself through engaging in the design, marketing, and sale of hydroponic equipment with proprietary technology for indoor agriculture, which it has implemented into renovations of its cannabis cultivation facility in Oakland, California. The state-of-the-art cultivation facility will soon be capable of flowering 1,120 pounds of cannabis per year.

 

Improvements in the delivery of cannabis products to new customers are coming in all forms. For Namaste Technologies Inc. (OTC:NXTTF) (TSX.V:N), that recently involves expanding into edibles, through an investment in the future Canadian cannabis-infused edibles market, through an acquisition of a 49% state in Calgary-based company, Choklat. Once legal, Choklat is looking to infuse its chocolate with THC or CBD. Namaste already retails vaporizers and smoking accessories through e-commerce sites in 26 countries, and is heavily involved in product design and manufacturing activities, as well as medical cannabis products.

 

On the more pharmaceutical side of the cannabis sector, CV Sciences, Inc. (OTC:CVSI) specializes in developing and commercializing prescription drugs utilizing synthetic CBD as the active pharmaceutical ingredient. Perhaps more notable, however, is the company’s development, manufacture, and marketing of consumer products containing plant-based CBD under the PlusCBD Oil name. These products come under various forms, such as nutraceutical, beauty care, specialty foods, and vape categories. The company saw record revenues of $48.2 million for 2018, with an increase of 133% over 2017. Its PlusCBD Oil softgels were named “Top Pick” by ConsumerLab.com.

 

For a FREE research report on CannaOne Technologies Inc. (CSE:CNNA), visit microsmallcap.com

 

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Cannaone CEO Riby-Williams provides update

Toronto Ontario, Canada – February 26, 2019 – CannaOne Technologies Inc. (CSE:CNNA) – Mr. Solomon Riby-Williams reports:

 

Cannaone Technologies Inc. has provided this corporate update to the investment community as it pertains to the efforts of the organization to endeavour to successfully expand its global business initiatives during 2019/2020.

 

Solomon Riby-Williams, president/chief executive officer, stated: “The company is taking considerable strides towards laying the foundation for the successful achievement of its corporate goals and objectives over the next 24 months. We are presently in discussions and negotiations with parties as it specifically relates to the joint development and launch of proprietary on-line marketplaces for multiple countries in Asia and Europe.

 

“Further, we are pursuing similar business prospects in certain North American states and provinces whereby we can take full advantage of the monumentally disruptive economic opportunity afforded us by offering the industry a turnkey platform for the deployment of medical cannabis services and solutions to medical practitioners and general consumers at large. A highly fragmented medical cannabis market in North America offers Cannaone a pathway to uniquely position itself to its potential partners or clients, as not only a developer and operator of an innovative marketplace and turkey platform, but also as a consolidator, manager and overseer of extremely informative and valuable cannabis user data.”

 

Mr. Riby-Williams additionally reports: “It is also clear to our company that the acquisition of ancillary operators in the cannabis market sector has the distinct capability to significantly expedite and exponentially increase our revenue expectations. With this in mind, we presently have undertaken financial due diligence on potential purchase targets in the CBD market sector that could provide to us established and verifiable distribution networks and easily quantifiable near-term financial returns and profitability.

 

“Of final key note at present, we are currently in direct dialogue with industry experts interested in joining our company as board members or strategic advisers. Such individuals being sought after possess specific expertise not only from the cannabis sector, but from the more mainstream and vast on-line retail, payment processing or product fulfilment fields.

 

“We are ever confident in the strategic decisions we have made as an organization to focus a majority of our current business directives towards those where we can fulfill immense global market potential available to us, given our unique capabilities to service and manage unparalleled cannabis user data and analytical information over the coming years. It is in the pursuit of this footprint that we believe our greatest opportunity for sustained and systematic long-term growth and prosperity will exist for our business enterprise and our shareholder base.”

 

About Cannaone Technologies Inc.

Cannaone has developed Bloomkit, the first product in the Bloom Product Suite, a turnkey enterprise software solution that can be utilized by any business-to-consumer cannabis company. The Bloomkit product was developed with modular dynamic features in mind, such as the capability to offer unique themed on-line storefronts for dispensaries, to inherently monitor and track pickup and delivery logistics, and to deliver historical and current trending analytics to ensure optimal management of medical and recreational sales channels.

 

We seek Safe Harbor.

 

Source:  Cannaone Technologies Inc.

About CannaOne Technologies

CannaOne Technologies was founded by a team of developers who recognized the tremendous opportunity of the emergence of the commercialized cannabis industry and its growth. This realization inspired the developments of proprietary technologies that provide custom solutions for global markets

 

Our mission

 

Our goal is to meet the needs of an industry that’s in flux and continuously shaping form. Our mandate is to apply in-depth research that encompasses all facets of a cannabis business to deliver digital tools that encourage the flourishment of the industry from the ground up.

 

Why CannaOne Technologies?

 

Building Tools for the Future

 

Disclaimer

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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

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