Business
QwikLeaf Establishes Partnership with Green Retail Ventures; Plans to Open 10 Recreational Cannabis Stores Across Michigan
QwikLeaf Establishes Partnership with Green Retail Ventures; Plans to Open 10 Recreational Cannabis Stores Across Michigan.
About this update from Digital Asset Monetary Network, Inc.
[{"type":"text","content":"\n DETROIT, MI, Oct. 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – QwikLeaf, LLC (“QwikLeaf”), the tech startup behind the world’s first click and collect cannabis platform, QwikCollect, announced today, that the Company has entered into a partnership with Green Retail Ventures, to initially open 10 QwikLeaf recreational stores across the state of Michigan. “As a complete solutions provider for marijuana dispensaries, it only made sense for our Company to explore the financially viable opportunities in physical retail locations,” stated Neil Biafore, CEO of QwikLeaf, LLC. “Given that the State of Michigan will officially start accepting recreational cannabis licenses on November 1st, 2019, this partnership with Green Retail Ventures should help to ensure that we’re among the first in line to secure recreational marijuana licenses (retail sales 21+) – of which upon approval, will become QwikLeaf Cannabis Stores.” Starting on November 1st, 2019, Green Retail Ventures will begin applying for recreational cannabis licenses in the Metro Detroit and surrounding Michigan areas, as they become available. The QwikLeaf - Green Retail Ventures partnership, will look to initially apply for 10 recreational marijuana licenses. Highlights of the partnership include: QwikLeaf will receive 35% of retail sales profits from each store; QwikLeaf will provide its state-approved cannabis point-of-sale software in stores QwikLeaf will provide all sales hardware for each store QwikLeaf will license its name and logo for use in cannabis stores; QwikLeaf will launch the first click-and-collect cannabis store business model; QwikLeaf, which recently popped on the radar of DigitalAMN (OTC: DATI) as an investment candidate, is currently raising money leveraging the JOBS Act – listing its Regulation Crowdfunding offering (Reg. CF) on the cannabis-focused funding portal, Fundanna.com (owned and operated by TruCrowd, Inc.). Management is confident that endeavors like the QwikLeaf – Green Retail Ventures partnership, will ultimately increase QwikLeaf’s visibility and overall value proposition. Biafore concluded, “We offer our customers a seamless transaction; the ability to order their products online and pick them up from one of our secured lockboxes. And in having our own re...