Business
Cannabis Goes Next-Gen: Moving From Retail to E-Commerce
Cannabis Goes Next-Gen: Moving From Retail to E-Commerce.
About this update from Choom Hldgs Inc.
[{"type":"text","content":"\nPOINT ROBERTS, Wash. and DELTA, British Columbia, March 19, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering tech and cannabis stocks releases a snapshot looking at the future of cannabis sales as companies focus on next-gen tech and e-commerce platforms.\n E-commerce has decimated the retail sector over the past decade, and while in its early days, ‘brick and mortar’ and retail operations were a key in the cannabis sector for gaining early financial momentum, it seems the cannabis industry is looking to the future. Now, with less restrictions and regulations surrounding the market, cannabis companies are looking to establish proper e-commerce as many see it as the future of this, if not most other industries. Canopy Rivers Inc. (TSXV: RIV.V), the investment firm offshoot of Canopy Growth Inc. and LeafLink, Inc. recently announced the establishment of LeafLink Services International ULC, a new venture that exclusively licenses and leverages LeafLink’s dominant business-to-business (B2B) marketplace and supply chain technology platform for deployment throughout regulated international cannabis markets. \"We have been very impressed with LeafLink’s deep market penetration and their understanding of cannabis companies’ needs and behaviors,\" said Narbé Alexandrian, President of Canopy Rivers. \"The number of brands and products within our new cannabis economy has been explosive, making it difficult for retailers to deal with multiple parties in an increasingly fragmented market. As regulated cannabis consumption and distribution proliferates around the world, LeafLink International will introduce the industry’s leading SaaS-enabled marketplace to the global stage to create a new standard for expediting the cannabis supply chain in regulated markets.\" NexTech AR Solutions (OTCQB: NEXCF) (CSE: NTAR) is a company focused on bringing next generation, web enabled augmented reality (AR) platforms with Artificial Intelligence (AI) and analytics to the e-commerce, education, training, healthcare, video conferencing and cannabis sector. Having already worked with Cannvas Medtech and Premier Health in the cannabis sector, NexTech recently announced that it has signed an LOI to acquire an e-commerce business that generated USD $1.9 million in revenue and $560,000...