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theracann International announces successful integration between their OS2 Software Solution and Merrco Payment’s Payment Platform

Vlad Poptamas

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Photo source: theracann.solutions
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theracann International Benchmark Corporation, a leading full service international cannabis business and technology firm (“theracann”) is pleased to announce we successfully completed integration of our ERP+C, OS2 with the Merrco Payments Inc. (“Merrco”) payment platform, introducing a seamless offering  to process patients to licensed producers transactions in Canada.

This milestone provides licensed producers a robust platform to manage the online transactions, coming from the integrated Patient Portal in OS2, which serves as an online store front, and it also allows patients to have a history of all their purchases and easy communication with their provider.

theracann’s vision on the legal medicinal cannabis market is to provide the platform to demonstrate that not only every gram can be traced and tracked but also every penny, and the ability to track cannabis product through its entire lifecycle from inception through to consumption, destruction and / or recall.

Oswaldo Bello, Chief Information Officer of theracann International, says “We are innovating in solutions that fit the needs of the licensed producers, not only in Canada but worldwide. Our ERP+C, OS2 is designed to help the licensed producers run their global cannabis operation seamlessly and consolidate in a single place all the data  required for traceability, record keeping, and compliance,”

Fern Glowinsky, President and CEO of Merrco  stated, “We are proud to partner with theracann International to provide seamless, secure and compliant payment processing solutions to the cannabis industry. With this integration, theracann customers can benefit from a robust seed-to-sale and payment processing platform.” 

According to Chris Bolton, Chief Operating Officer of theracann International, “in the end it’s all about cannabis industry stabilization to impede, if not eliminate, black market activity and cannabis diversion and by giving international banking the comfort it needs to manage international wire transfers that cannabis being bought and sold is only from licensed facilities.  Our integration with Merrco together with our supply chain and blockchain features of OS2 puts us in a unique position to assist both law enforcement, regulatory bodies and licensed producers in a way that meets and exceeds the Single Convention on Narcotic Drugs – United Nations Office on Drugs.”

 

SOURCE TheraCann Canada Benchmark Corp.

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Cannabis

Government of Canada invests $2 million to keep Yukon’s roads safe from drug-impaired drivers

Vlad Poptamas

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Photo source: thecanadianencyclopedia.ca
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While drug-impaired driving has been illegal in Canada for more than 90 years, too many irresponsible individuals continue to put many lives at risk by driving impaired. The Government of Canada is investing in new technologies, additional resources, and training to detect and deter these impaired drivers.

Today, Member of Parliament Larry Bagnell, on behalf of the Minister of Border Security and Organized Crime Reduction, the Honourable Bill Blair, announced $2.3 million over five years for projects to support training activities for frontline police officers in Yukon. Projects include training in Standardized Field Sobriety Testing (SFST) and Drug Recognition Expert (DRE) evaluation, as well as dedicated trainers to deliver new and refresher training. Yukon will advance their drug-impaired driving initiatives in collaboration with the Royal Canadian Mounted Police, First Nations, partners and other stakeholders to support safe and healthy communities.

Funding will also be used to develop standardized data collection and reporting practices that will be used to analyze trends, identify gaps and provide an accurate picture of drug-impaired driving in the territory, and across Canada. The funding is part of the $81 million announced by the Government of Canada for provinces and territories to support public and road safety activities.

Quotes

“I have seen the devastation of driving impaired. When individuals drive high, everyone loses. By investing in programs that educate and deter Canadians from driving while impaired, we are making our communities safer. These investments will ensure those who drive impaired will be caught. The evidence is clear: cannabis and other prescription drugs don’t make you a better driver. Be smart and never drive high.”

– The Honourable Bill Blair, Minister of Border Security and Organized Crime Reduction

“Yukoners know first-hand the tragic effects of impaired driving. With support from the Government of Canada, frontline police officers in the Yukon will receive the training they need to help keep drunk and high drivers off our roads.”

– The Honourable Larry Bagnell, Member of Parliament for Yukon

“Despite strong efforts by our community and the RCMP, the Yukon continues to have one of the highest rates for impaired driving in Canada. It is vital that we keep our communities safe from drug and alcohol impaired drivers. We will use this funding to work with our partners at the RCMP, First Nations and municipalities to advance important initiatives designed to enhance law enforcement training, capacity building and data collection.”

– The Honourable Tracy-Anne McPhee, Minister of Justice

Quick Facts

  • There are over 14,400 trained SFST officers across Canada (November 2018) and 1129 certified DREs (July 1, 2019).
  • For this agreement, Yukon established a training objective of 15 officers trained in SFST for 2018-2019 and up to 60 officers over three years to bring the capacity to 33 per cent of police officers.
  • The Minister of Justice and Attorney General of Canada approved a second oral fluid drug screening device on July 10, 2019. This new equipment is another tool at the disposal of law enforcement, but it is not required to investigate drug-impaired driving.
  • Public Safety Canada introduced its second Don’t Drive High public awareness advertisement in April 2019. The campaign will continue to engage young Canadians and leverage partnerships with other levels of governments and organizations that are working toward the same goal to eliminate drug-impaired driving on Canadian roads.
  • Overall, 15 per cent of cannabis users with a valid driver’s license reported driving within two hours of consuming cannabis, according to combined data from the fourth quarter of 2018 and the first quarter of 2019. This was unchanged from the first half of 2018.

 

SOURCE Public Safety and Emergency Preparedness Canada

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Jane Technologies, Inc. Announces $21 Million in Series B Funding

Vlad Poptamas

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Jane Technologies, Inc., a retail software company that created the first and largest online cannabis marketplace, has announced it has secured $21 million in Series B funding, one of the largest capital raises by a cannabis technology platform.

This latest round of funding, led by new and returning investors, will allow Jane to expand its online marketplace to international vendors, bolster its data analytics platform, and deliver data to other industries. The funds will also enable Jane to continue to advance its e-commerce platform of more than 150,000 products with real-time integration into point-of-sale systems.

Jane’s mission is to bring confidence to the cannabis shopping experience while connecting customers to local dispensaries with quality wellness products from their area. In October 2018 Jane announced $6 million in Series A funding, which enabled the tech company to grow its technological advances and data analytics while providing consumers an optimized shopping experience. The company is currently in partnership with more than 700 stores across 21 states.

“In a world dominated by major multi-national online retailers, we’re bringing together innovative technology to support local businesses, and connecting customers to wellness benefits in their region,” said Founder and Chief Executive Officer, Socrates Rosenfeld. “Expanding to global markets is key for Jane as we continue to pioneer the industry and grow an industry-leading team. By helping cannabis companies in the U.S. and overseas, we are localizing the online sales process by bringing together dispensaries, brands and consumers through automation.”

As the cannabis industry continues to rapidly expand, Jane’s internal data has demonstrated people spend double on online purchases than in-person. Today people who purchase CBD spend 50% more than those who do not. Research also shows the online cannabis shopper will spend an average of $206 a month compared to the offline shopper who spends only $122 a month.

“We’ve seen Jane effectively support some of the largest retail clients in the country and are pleased to partner with the software innovator so they can grow exponentially,” said lead investor Nick Deans of Pakala Jane Partners. “The online retail marketplace allows Jane to promote local businesses and increase sales with larger shopping cart purchases while keeping transaction costs down.”

Ian Dominguez of Delta Emerald Ventures sees significant value creation opportunity in Jane’s consumer-centric data. “Jane’s purpose-built platform will continue to drive operational improvement for the cannabis industry. In addition, the Jane platform translates across many industries, making Jane as a whole, the future of omnichannel data.”

“Within the rapidly evolving cannabis space, Jane’s insights as the largest facilitator of e-commerce in the industry are invaluable to its partners, particularly for brands seeking to establish and position themselves within an increasingly crowded marketplace,” said Jason Adler, Managing Partner of Gotham Green Partners. “This investment provides resources for building additional infrastructure and proprietary interfaces to help cannabis businesses worldwide to maximize their potential.”

 

SOURCE Jane Technologies, Inc.

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48North Successfully Completes Planting at its 100-acre Outdoor Organic Cultivation Facility, Good:Farm

Vlad Poptamas

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48North Cannabis Corp. outdoor grower plants final cannabis plant at Good:Farm in Brant County, Ontario
Reading Time: 3 minutes

 

48North Cannabis Corp. (“48North” or “the Company”) (TSXV: NRTH) is pleased to announce that it is has completed the planting of its first outdoor cannabis crop at its Good:Farm, Canada’s largest outdoor organic cannabis cultivation facility (3.7 million sq. ft. of cultivation space) in Brant County, Ont.

48North has successfully planted more than 250,000 cannabis seeds at Good:Farm. At the farm, 48North has planted 10 unique cultivars proven to be successfully grown outdoors; both high-THC and high-CBD strains were selected for planting. The Company expects two harvests annually at the Good:Farm. The first harvest is planned for late-August and will be exclusively the Company’s auto-flowering strains; the second harvest, of photoperiod plants is planned for mid-October.

Good:Farm, Canada’s first and largest outdoor organic cannabis facility, has the potential capacity to yield more than 40,000 kg of dried cannabis, at what 48North expects to be the lowest cost per gram in the country.

“Planting nearly 100 acres of organic cannabis outdoors was a significant accomplishment for the organization, relying on both established agricultural practices and innovative cannabis production techniques. Our team of expert farmers and growers ensured this ground-breaking task was a success,” said Jeannette VanderMarel, co-CEO of 48North.

48North has signed supply agreements for cannabis from its Good:Farm and other licensed production facilities, including:

  • An historic outdoor cannabis agreement with the Société Québécoise du cannabis for 1,200 kg of dried cannabis;
  • A supply agreement with the Alberta Gaming, Liquor and Cannabis agency for 2,460 kg of dried cannabis; and
  • A supply agreement with the Ontario Cannabis Store for 1,200 kg of dried cannabis.

To bring Canadians along on this journey, 48North is hosting a bi-weekly web series on Good:Farm. “See the Good” focuses on the challenges, opportunities and lessons learned on the path cannabis takes from seed to sale.

Good:Farm has a number of strategic advantages, including ultra-low-cost cannabis as well as environment-friendly and energy-efficient production. In addition, the farm’s production will help address the current national shortage of recreational cannabis.

ABOUT 48NORTH

48North Cannabis Corp. (TSXV: NRTH) is a vertically integrated cannabis company focused on the health and wellness market through cultivation and extraction, as well as the creation of innovative, authentic brands for next-generation cannabis products. 48North is developing formulations and manufacturing capabilities for its own proprietary products, as well as positioning itself to contract manufacture similar products for third parties. 48North operates Good:Farm, a 100-acre organic cannabis farm that is expected to produce more than 40,000 kg of organic, sun-grown cannabis, securing a significant first-mover advantage in the production of low-cost, next-generation, extract-based cannabis products. In addition, 48North operates two indoor-licensed cannabis production sites in Ontario. 48North cultivates unique genetics at its wholly owned subsidiary, DelShen Therapeutics Corp. (“DelShen”) and processes cannabis and manufactures next-generation cannabis products at Good & Green Corp. (“Good & Green”), both Licensed Producers under the Cannabis Act. 48North has a growing portfolio of brands that include Latitude, a women’s cannabis platform (explorelatitude.com); Mother & Clone, a rapid-acting sublingual cannabis nanospray (momandclone.com); and Avitas, a single-strain vaporizer cartridge (avitasgrown.com).

DISCLAIMER & READER ADVISORY

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could,” “intend,” “expect,” “believe,” “will,” “projected,” “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Forward-looking statements in this news release include statements relating to the business plan and future operations of the Company. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements, including the possibility that the business plan described herein will not be completed, that 48North may not derive the expected benefits from such business plans, or that applicable regulatory approvals will be obtained to carry out the activities contemplated herein. The business of the Company is subject to a number of material risks and uncertainties. Please refer to the Company’s SEDAR filings for further details. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include the Company being able to obtain the necessary corporate, regulatory and other third-party approvals, and licensing and other risks associated with the Cannabis Act. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

 

SOURCE 48North Cannabis Corp.

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