Business
Visionstate Corp. clarifies memorandum of understanding to develop IoT solutions for the cannabis sector
(TheNewswire) Edmonton, Alberta – TheNewswire - February 17, ...
About this update from Visionstate Corp.
[{"type":"text","content":"Visionstate Corp. clarifies memorandum of understanding to develop IoT solutions for the cannabis sector\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Edmonton, Alberta –\n \n \n \n \n TheNewswire -\n \n \n \n \n February 17,\n \n \n \n \n 2023\n \n \n \n \n – Visionstate Corp.\n \n \n \n \n (TSXV:VIS)\n \n \n \n (“Visionstate” or\nthe “Company”) hereby\n \n \n clarifies the\nmemorandum of understanding (“MOU”) dated January 21, 2021 and the\nsubsequent announcement on April 15, 2021 of a $500,000 payment to the\nCompany to develop IoT technology for the cannabis sector. The payment\ndisclosed on April 15, 2021, was from Freedom Cannabis Inc. and was\nincluded as revenues for the Company. It was part of a broader\npre-arrangement in which the Company agreed to invest $1,000,000 into\nFreedom Cannabis Inc.\n \n \n \n \n The solution provided by Visionstate enables tracking\nand streamlining standard operating procedures required in the\nreporting and tracking of cleaning activities in cannabis facilities.\n \n \n \n \n About Visionstate Corp.\n \n \n \n \n Visionstate Corp. (TSXV: VIS) is a growth-oriented\ncompany that invests in the research and development of promising new\ntechnology in the realm of the Internet of Things, big data and\nanalytics, and sustainability. Through Visionstate Inc., it helps\nbusinesses improve operational efficiencies, reduce costs and elevate\ncustomer satisfaction with its state-of-the-art devices that track and\nmonitor guest activities and requests. The footprint of its WANDA™\nsmart device now extends to hospitals, airports, shopping centres and\nother public facilities across and beyond North America. Through\nbuilding up a collection of synergistic technologies, Visionstate\nCorp. will continue to innovate, reduce environmental impact and\ntransform consumer experiences.\n \n \n \n \n Issued on behalf of the Board of Directors,\n \n \n \n \n “John A. Putters”\n \n \n \n \n Visionstate Corp.\n \n \n \n \n \n \n \n To learn more, please contact:\n \n \n \n \n \n \n \n \n Visionstate Corp.\n \n \n \n \n \n \n CHF Capital Markets\n \n \n \n \n \n \n Website:\n \n \n \n www.visionstate.com\n \n \n \n \n \n \n \n \n \n John Putters, CEO\n \n \n \n \n \n \n Perry Rapagna\n \n ...