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Empower Clinics $CBDT.ca Announces Acquisition of Medical Diagnostics Laboratory $WEED.ca $CGC $ACB $APH $CRON.ca $OGI.ca

Posted by AGORACOM-JC at 7:06 AM on Tuesday, September 1st, 2020

Empower intends to acquire Kai Medical Laboratory, a state-of-the-art diagnostics laboratory located in the medical district of Dallas, TX to advance COVID-19 national testing programs

Entered into a non-binding term sheet to acquire the business of Kai Medical Laboratory, LLC, by way of a share or asset acquisition, subject to due diligence and customary closing conditions
Kai Medical Laboratory is a high-complexity CLIA and COLA accredited Laboratory that provides reliable and accurate testing solutions to hospitals, medical clinics, pharmacies, and employer groups
Kai Medical Laboratory offers a wide array of testing services ranging from hematology to hormone testing, endocrinology, toxicology, and immunology

VANCOUVER, BC / September 1, 2020 / EMPOWER CLINICS INC. (CSE:CBDT) (Frankfurt:8EC) (OTCQB:EPWCF) (“Empower” or the “Company“) today announces it has entered into a non-binding term sheet to acquire the business of Kai Medical Laboratory, LLC (“Kai Medical Laboratory“), by way of a share or asset acquisition, subject to due diligence and customary closing conditions.

Kai Medical Laboratory is a high-complexity CLIA and COLA accredited Laboratory that provides reliable and accurate testing solutions to hospitals, medical clinics, pharmacies, and employer groups. Kai Medical Laboratory offers a wide array of testing services ranging from hematology to hormone testing, endocrinology, toxicology, and immunology. These tests are done under the supervision of its well-qualified and highly experienced scientists, medical professionals, and pharmacists. https://www.kaimedicallaboratory.com

Kai Medical Laboratory has taken an active role in COVID-19 testing, battling the pandemic through RT-PCR testing and serology testing. While the RT-PCR test identifies if a patient has an active virus, the serology or antibody test detects if a patient has previously been exposed to the virus. Both of these test results are vital to managing outbreaks and the potential spread of coronavirus.

To further assist with COVID-19 testing, Kai Medical Laboratory has also developed two key programs in Texas and Arizona. The first program is a direct-to-consumer program that leverages the ability of various healthcare providers to order and administer both the RT-PCR test and the Antibody test. This increases the ability of the general population to be tested, in certain circumstances. The second is an Employer COVID-19 Compliance Program (ECCP) for business owners and employer groups to enable them to test and monitor their employees.

Texas program https://www.testtexasnow.com

Arizona program https://www.covidtest2u.com

Currently the lab has the capacity to complete in excess of 2,000 RT-PCR tests in one eight-hour shift by utilizing its Thermo Fisher QuantStudio 12k Flex testing machine. The lab also utilizes a Roche Cobas 6000 for COVID-19 Antibody testing, ensuring that Kai Medical Laboratory has the capability and capacity to serve a broad range of clients and test methods.

“Adding Kai Medical Laboratory to the Empower Clinics family enables us to dramatically expand COVID-19 testing capability and deliver phase four of our national rollout plan” said Steven McAuley, Empower’s Chairman & CEO. “Kai Medical has a newly built high-complexity lab offering a wide array of testing services, that together we will leverage to serve the massive demand for national COVID testing in the U.S. Further, as flu season arrives and a potential second-wave of COVID takes hold, the technical infrastructure of Kai Medical allows Empower to capture testing demand and the additional growth revenues associated with it.”

The driving force behind Kai Medical Laboratory’s remarkable growth and success is Yoshi Tyler. Yoshi has a passion for being an entrepreneur, and overtime, she found her true calling in healthcare. Driven by this interest, she pursued her career in the healthcare industry for more than two decades. She helmed leadership positions at a Fortune 500 pharmaceutical company for over thirteen years. These leadership experiences provided her with in-depth knowledge and industry insights that helped her to lead Kai Medical Laboratory towards growth.

The Kai Medical Laboratory team includes key roles including Principal Scientist, Director of Operations, Molecular Scientist, Quality Assurance, Lab Director and other critical roles.

“Kai Medical Laboratory is inspired by science and built on integrity. Our mission is to change healthcare through science & innovative quality care by providing value-added services, accuracy, and consistency. Our unwavering commitment to quality compliance and scientific innovation elevates Kai Medical Laboratory to a new standard in healthcare,” says Yoshi Tyler, the owner, and CEO of the company.

The proposed acquisition includes an 8,000 sq. ft. medical laboratory including covered drive up testing center, with premium testing and laboratory equipment, cash and current assets with a value in excess of $1,750,000.00 USD and a corporate office, both located in the heart of the medical district in Dallas, TX. Under the proposed terms Empower will assume a $1,200,000.00 USD Small Business Administration (SBA) equipment loan, a $150,000.00 SBA Economic Injury Disaster Loan and short-term liabilities of up to $250,000.00 at closing. In addition, Empower will issue 1,000,000 Company stock options to the Vendors, subject to the terms and conditions as set out in the Company Stock Option Plan.

Market Leading Technology Kai Medical Laboratory utilizes state-of-the-art instrumentation, preeminent testing methodologies, and laboratory services enabling high-complexity accredited laboratory testing solutions, providing some of the following key instrument testing capabilities:

Thermo Fisher – QuantStudio 12K Flex
- COVID-19 testing
- Cannabis Testing
- Clinical Genomics
Roche Cobas 6000
- COVID-19 Antibody testing
- Clinical Chemistry/Endocrinology
AB SCIEX 6500+ – Liquid Chromatography Mass Spectrometry
- Clinical Chemistry/Endocrinology
- Agriculture/Cannabis testing
AB SCIEX 4500 – Liquid Chromatography Mass Spectrometry
- Urine Toxicology
- Cannabis testing
SYSMEX XN-550
- Hematology

USA COVID-19 Data as at August 31, 2020

TOTAL CASES: 5,972,356

TOTAL DEATHS: 182,622

CASES IN LAST 7 DAYS: 289,865

ARIZONA as at August 31, 2020

CONFIRMED CASES: 199,984

PROBABLE CASES: 1,713

TOTAL CASES: 201,661

CASES IN LAST 7 DAYS: 3,558

CASES/100K: 1,769

DEATHS/100K: 70

TEXAS as at August 31, 2020

TOTAL CASES: 610,354

CASES IN LAST 7 DAYS: 32,817

CASES/100K: 2,126

DEATHS/100K: 46

(CLIA) The Clinical Laboratory Improvement Amendments regulate laboratory testing and require clinical laboratories to be certified by the Center for Medicare and Medicaid Services (CMS) before they can accept human samples for diagnostic testing.

(COLA) is the premier clinical laboratory accreditation, education and consultation organization. An independent accreditor whose practical, educational standards have a positive and immediate impact on patient care. http://www.cola.org

The transaction is expected to be structured on a tax efficient basis, and otherwise in accordance with the requirements of requisite securities laws and the policies of the CSE. Empower has agreed to enter into employment agreements with Yoshi Tyler and Michael Haines, each having an initial term of two years.

Completion of the transaction will be subject to various conditions, including entry into a definitive agreement, completion of due diligence, and receipt of all required shareholder, manager, third party and regulatory approvals, including approval of the CSE. Closing of the transaction is expected to occur prior to October 15, 2020.

ABOUT EMPOWER

Empower is a vertically integrated health & wellness company with a network of corporate and franchised health & wellness clinics in the U.S. The Company is focused on helping patients improve and protect their health, through innovative physician recommended treatment options. The Company has launched Dosed Wellness Ltd. to connect its significant data, to the potential of the efficacy of alternative treatment options related to hemp-derived cannabidiol (CBD) therapies, psilocybin and other psychedelic plant-based treatment options. The Company provides COVID-19 testing services to consumers and businesses as part of a four-phased nationwide testing initiative.

ABOUT KAI MEDICAL LABORATORY

Our mission is to change healthcare through science & innovative quality care by providing value added services, accuracy, and consistency. Our unwavering commitment to quality compliance and scientific innovation elevates Kai Medical Laboratory to a new standard in patient care. Kai Medical Laboratory is located in the Dallas Medical District in close proximity to some of the largest healthcare groups in the U.S. including Parkland Hospital, UT Southwestern, Children’s Medical Center, Baylor Scott & White Health (Dallas), Tenet Healthcare (Dallas), CHRISTUS Healthcare (Dallas).

ON BEHALF OF THE BOARD OF DIRECTORS:

Steven McAuley
Chief Executive Officer

CONTACTS:

Investors: Dustin Klein

Director
[email protected]
720-352-1398

Investors: Steven McAuley

CEO
[email protected]
604-789-2146

DISCLAIMER FOR FORWARD-LOOKING STATEMENTS

This news release contains certain “forward-looking statements” or “forward-looking information” (collectively “forward looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release.Forward-looking statements can frequently be identified by words such as “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “anticipates”, “estimates”, “may”, “will”, “potential”, “proposed” and other similar words, or information that certain events or conditions “may” or “will” occur. Forward-looking statements in this news release include, but are not limited to, statements regarding: the expected benefits to the Company and its shareholders as a result of the proposed acquisition of Sun Valley; the proposed transaction terms; the expected number of clinics and patients following the closing; the future potential success of Sun Valley’s franchise model; the anticipated date of closing of the acquisition and the occurrence thereof; and that the Company will be positioned to be a market-leading service provider for complex patient requirements in 2019 and beyond. Such statements are only projections, are based on assumptions known to management at this time, and 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: that the Kai Medical Laboratory acquisition may not be completed on the terms expected or at all; that the Company’s products may not work as expected; that the Company may not be able to expand COVID-19 testing; that legislative changes may have an adverse affect on the Company’s business and product development; that the Company may not be able to obtain adequate financing to pursue its business plan; general business, economic, competitive, political and social uncertainties; failure to obtain any necessary approvals in connection with the proposed transaction; and other factors beyond the Company’s control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward-looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable laws.

SOURCE: Empower Clinics Inc.

Tags: CBD, covid19, CSE, Dosed Movie, Dosed Wellness, Hemp, investments, Kai Medical Laboratory, small cap, small cap stocks, stocks, tsx
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Datametrex $DM.ca Appoints New Chief Financial Officer

Posted by AGORACOM-JC at 7:57 PM on Monday, August 31st, 2020

http://www.smallcapepicenter.com/DM%20square.png

Announced the appointment of Don Shim, CPA, CA as the new Chief Financial Officer
This new addition to the Company’s executive leadership team brings nearly 20 years of financial experience in accounting and financial control along with a combination of private and public companies in a variety of industries.

TORONTO, Aug. 31, 2020 — Datametrex AI Limited (“Datametrex” or the “Company“) (TSXV: DM, FSE: D4G, OTC: DTMXF) is pleased to announce the appointment of Don Shim, CPA, CA as the new Chief Financial Officer (“CFO”).

This new addition to the Company’s executive leadership team brings nearly 20 years of financial experience in accounting and financial control along with a combination of private and public companies in a variety of industries. These include cannabis, resource, and financial services. Don will work to ensure Datametrex’s financial health through strategic planning and management of the company’s finances.

Mr. Shim has led a successful accounting and finance career in both the US and Canada. He brings a wealth of knowledge to the team with his expertise in auditing publicly- traded junior mining companies and high-tech industries. Member of the Chartered Professional Accountants of British Columbia and a Certified Public Accountant registered in the State of Illinois, United States.
Audit partner on numerous audit engagements for various publicly traded companies, primarily focusing on junior mining, oil and gas, pharmaceutical, and high-tech industries.
Mr. Shim also assisted various start-up companies in achieving public listings on the TSX Venture Exchange, Canadian Securities Exchange and the OTC Market.
In addition, Mr. Shim teaches accounting at a local college in Vancouver and acts as a facilitator at CPA Western School of Business, mentoring CPA candidates enrolled in the CPA Professional Education Program.

“I am thrilled to join Datametrex and this impressive leadership team with a history of growing great companies, and I am happy to be a part of this enterprise,” said Don.

“On behalf of the executive team and our Board of Directors, I would like to thank Steve Kang for his dedication and hard work during his tenure as CFO. I wish Steve nothing but success in his future endeavours,” said Paul Haber, audit committee chair of the Company.

About Datametrex

Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex’s mission is to provide tools that support companies in fulfilling their operational goals, including Health and Safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, the Company provides progressive solutions to support the supply chain. Additional information on Datametrex is available at www.datametrex.com.

For further information, please contact:

Marshall Gunter – CEO
Phone: (514) 295-2300
Email: [email protected]

Neither the TSX Venture Exchange nor it’s 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.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Tags: covid19, CSE, datametrex, investments, Lotte, Lotte Home Shopping, PCL
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Datametrex $DM.ca Reports Record Quarterly Financial Results

Posted by AGORACOM-JC at 7:13 AM on Friday, August 28th, 2020

From the beginning of June, the Company started to generate revenues from selling of COVID-19 test kits, and its traditional cyber security AI business expanded.
This attributed to record quarterly revenue of $1.9M with a greatly improved cash position.
Company’s revenue increased by 419% in Q2 compared to the same period of last year.
Company’s cash position improved significantly, $577,998 compared to $119,675 at the end of 2019.

TORONTO, Aug. 27, 2020 — Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G, OTC: DTMXF) is pleased to announce record second quarter 2020 (“Q2”) financial and operating results. All currency is in Canadian dollars, unless otherwise stated. All results are reported on a 100% basis.

From the beginning of June, the Company started to generate revenues from selling of COVID-19 test kits, and its traditional cyber security AI business expanded. This attributed to record quarterly revenue of $1.9M with a greatly improved cash position.

The company’s revenue increased by 419% in Q2 compared to the same period of last year. The Company’s cash position improved significantly, $577,998 compared to $119,675 at the end of 2019. The net loss improved with a decrease by 17% ($868,478) compared ($1,011,962) to the same period of last year. There was a $573,250 option issuance expense and $185,078 Depreciation and Amortization expense, which are non-cash based expenses.

Excluding these expenses, the Company was close to break-even. This is reflected in adjusted EBITDA. The Adjusted EBITDA showed a significant improvement. decreasing by 775%, ($96,126) compared to ($841,500) in the same period of last year.

“In Q2 2020, the Company achieved multiple key milestones, a significant increase in gross revenue and improvement in its cash position. This positive outcome was a direct result of our quick response in implementing a plan to begin selling test kits as result of the global impact of the COVID-19 virus. This resulted in a substantial improvement to the bottom line,” says Marshall Gunter, CEO of the Company.

Outlook

The Company has a number of potential contracts that it is pursuing and anticipates it will have answers on in Q3. Datametrex is in final stages of a COVID-19 test kit supply agreement with a U.S. Government agency. Under the terms of the agreement, the Company will supply 120,000 1copy™ COVID-19 qPCR Multi kit every two weeks for six months.

Datametrex is in final stages of a COVID-19 testing supply agreement to test all landed passenger and crew from cruise ships making a port of call for the Caribbean country of Antigua using the 1copy™ COVID-19 qPCR Multi kit. Under the terms of the agreement, the Company will supply around 6,000 test kits per day and will also supply the latest Polymerase Chain Reaction (PCR) machine (qTOWER3 PCR) to reduce inspection time and lead time. Before landing at the cruise terminal, the cruise line will distribute alphanumeric labels to each passenger and present labels to technicians along with boarding passes and passports at the COVID-19 testing and temperature testing station set up in a passageway exiting the ship.

Datametrex is also in different stages of negotiation on supply agreements for both COVID-19 test kits along with suppling the latest PCR machines (qTOWER3 PCR) with other countries worldwide for mining, education institutions, health agencies, film and TV productions and cruise industry.

Highlights for Q2 2020

Recognized revenue of $2.7 million for the six-month 2020 period compared to $875 thousand in same period 2019, of which $1.9 million was earned in the second quarter.
The Company started securing and delivering purchase orders of COVID-19 test kits and generated $1.4 million COVID-19 related revenue in Q2 2020 compared to $0 in Q2 2019.
The Company has received $1.8 million from the exercise of share purchase warrants and options.
The Company introduced Nexalogy’s Social Media Automated Reporting Technologies.
The Company completed the second phase of a multi-phase R&D program through the Department of National Defence’s Innovation for Defence Excellence and Security IDEaS program.

Financial Highlights

The following table summarizes revenue, net loss and EBITDA* and Adjusted EBITDA* for the three and six months ended June 30, 2020 and 2019.

	Three months ended June 30,				Six months ended June 30,
	2020			2019		%		2020			2019			%
	$		$			$		$
Revenue	1,954,394			376,518		419	%		2,763,796			875,083			216	%
Net loss	(868,478	)		(1,011,962	)	17	%		(1,590,239	)		(1,916,754	)		21	%
EBITDA*	(669,376	)		(830,227	)	24	%		(1,197,679	)		(1,553,756	)		30	%
EBITDA per share*	(0.003	)		(0.004	)	73	%		(0.005	)		(0.007	)		71	%
Adjusted EBITDA*	(96,126	)		(841,500	)	775	%		(353,429	)		(1,553,756	)		340	%
Adjusted EBITDA per share*	(0.0004	)		(0.004	)	10	%		(0.001	)		(0.007	)		21	%

* Note: EBITDA ( non- IFRS measures) is calculated as Net Loss adjusted for 1. Income taxes, 2. Depreciation and amortization, and 3. Interest and accretion. Adjusted EBITDA (non-IFRS measures) is calculated as EBITFA adjusted for share based compensation.

Non-IFRS financial measures do not have standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Specific items may only be relevant in certain periods. For reconciliation of non-IFRS financial measures please refer to the Company’s Management Discussion and Analysis for the six months ended June 30, 2020.

The Company’s Financial Statements and Management Discussion & Analysis (“MD&A”) are at SEDAR at www.sedar.com.

About Datametrex

Datametrex AI Limited is a technology-focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex’s mission is to provide tools that support companies in fulfilling their operational Health and Safety goals with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, the Company provides progressive solutions to support the supply chain.

Additional information on Datametrex is available at www.datametrex.com.

For further information, please contact:

Marshall Gunter – CEO
Phone: (514) 295-2300
Email: [email protected]

Forward-Looking Statements

Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Tags: covid19, CSE, datametrex, investments, Lotte, Lotte Home Shopping, PCL, small cap
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#IoT In Retail Market Will Reach USD 101,000.20 Million with Significant CAGR of 18.9% by 2026 – SPONSOR: Loop Insights Inc. $MTRX.ca $QUIS.ca $MCLD.ca $NXO.ca

Posted by AGORACOM-JC at 6:18 PM on Wednesday, August 26th, 2020

SPONSOR: Loop Insights Inc. (MTRX:TSX-V) is levelling the playing field between online retail giants and brick & mortar businesses. What if you could receive the same personalization and experience you get from online shopping, but in brick and mortar stores? Loop Insights is doing just that. Brick and mortar retail isn’t going anywhere, but it does need to adapt to offer better in-store customer experiences. Loop Insights solves a significant problem for traditional retailers – big and small – who are losing customers to e-commerce retail. Learn more.

IoT In Retail Market Will Reach USD 101,000.20 Million with Significant CAGR of 18.9% by 2026

Global IoT in Retail Market is accounted for $21,235.98 million in 2018 and is expected to reach $101,000.20 million by 2026 growing at a CAGR of 18.9% during the forecast period
Some of the key factors influencing the market growth include demand for improved flexibility, increasing adoption of smartphones and deteriorating cost of machinery

By: Orian Research

Global IoT in Retail Market is accounted for $21,235.98 million in 2018 and is expected to reach $101,000.20 million by 2026 growing at a CAGR of 18.9% during the forecast period.Some of the key factors influencing the market growth include demand for improved flexibility, increasing adoption of smartphones and deteriorating cost of machinery. However, need of general standards are restricting the market growth.

Some of the key players profiled in the IoT in Retail Market include Apple, General Electric, Google, Hewlett Packard Enterprise Company, Hitachi, Honeywell, Huawei, IBM, Intel, Microsoft, NEC, Oracle, Rockwell Automation, Salesforce, Samsung, SAP AG, Siemens, Texas Instruments Inc., Verizon and Zebra Technologies.

Internet of Things helps in linking various smart devices to ease the process and sharing of data amongst peers. There are various devices such as sensors, smartphones, and wearable’s, which gather data from the devices that can be utilized to improve customer’s experience.

Among Application, Offshore segment is expected to grow at the significant market share during the forecast period. This can be accredited to the rising focus to significantly reduce the in-house IT costs, allowing interior IT staffs to focus more on the core competencies. In order to get rid of the possibility of data safety threats, managed service providers are extremely investing in data security & safety.

Source: https://scientect.com/uncategorized/196227/iot-in-retail-market-worth-101000-20-billion-with-cagr-of-18-9-by-2026-top-players-apple-general-electric-google-hewlett-packard-enterprise-company-hitachi-honeywell-huawei/

Tags: AI, covid19, Covid19 tracing, CSE, internet of things, IOT
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Datametrex $DM.ca Starts Selling #COVID19 Test Kits to the Canadian Film Industry With First Contract

Posted by AGORACOM-JC at 12:34 PM on Wednesday, August 26th, 2020

Company expands its AI technologies and COVID-19 screening solutions by expanding into the Film and Television Industry in Vancouver, British Columbia
ompany also signed the first contract with a Vancouver based production company, Bob Industries LLC, to provide COVID-19 test kits and completed its first COVID-19 testing for the production company
With these potential partnerships and the launch of the new COVID-19 pre-screening and screening tools, Datametrex enters the film and television industry

TORONTO, Aug. 26, 2020 — Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G, OTC: DTMXF) expands its AI technologies and COVID-19 screening solutions by expanding into the Film and Television Industry in Vancouver, British Columbia.

The Company also signed the first contract with a Vancouver based production company, Bob Industries LLC, to provide COVID-19 test kits and completed its first COVID-19 testing for the production company. With these potential partnerships and the launch of the new COVID-19 pre-screening and screening tools, Datametrex enters the film and television industry.

Vancouver is the third largest production centre in North America, worth CDN $3.2 Billion during 2018/19, according to Creative BC. British Columbia is home to several world-class Film and TV studios, includingBridge Studios, Mammoth Studios, Vancouver Film Studios, North Shore Studios, Ironwood Studios, Canadian Motion Picture Park, and The Crossing Studios.

These facilities produce, on average, approximately 65+ movies and 55+ TV series annually, as well as hundreds of other filming days for commercials, TV pilots and other features. This industry generates over 42,000 direct and indirect jobs in Film and TV production, with more than 80 percent located in Metro Vancouver. British Columbia is world-renowned as a versatile and dependable hub for motion picture production.

Total film and TV production in Canada represent $8.92 Billion in production volume and full-time equivalent jobs represent 179,000 workers. When production was shut down in March 2020, Vancouver and area had 46 productions filming and that does not include the TV commercial market. Each of the productions would have a minimum of 100-person film crew.

As the current pandemic continues to impact our world, and with health risks in the film industry, Datametrex is contributing to the health and safety of film organizations. An article that CNBC posted on August 22, 2020, mentions that Solstice Studios is moving a feature film production to Canada, even though it was supposed to film in the U.S., because of available coronavirus testing, making Canada an attractive location for filming.1

This shows that Canada can be an advocate for the Film industry, as we have testing and labs already set up throughout. Additionally, Canada has far fewer instances of coronavirus. The country reported an average of less than 400 new coronavirus cases per day over the past week, compared with more than 46,400 in the U.S., according to data compiled by Johns Hopkins University.

“With the changing nature of the pandemic and worldwide regulations, it is essential that the solutions we develop at Datametrex are flexible and accurate,” said Marshall Gunter, CEO of Datametrex. “With our pre-screening and screening tools, this industry can resume and provide us with the much needed entertainment that this newly indoor, online-based culture requires.”

These tools were developed as a direct response to customer needs and the ever-changing physical distancing recommendations, safety guidelines, and workplace flexibility initiatives being observed across North America and around the globe. Datametrex anticipates that it will have little or no upfront costs associated with importing and selling these test kits.

About Datametrex
Datametrex AI Limited is a technology-focused with exposure to Artificial Intelligence and Machine Learning through its wholly-owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex’s mission is to provide tools that support companies in fulfilling their operational goals, including Health and Safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, Company provides progressive solutions to support the supply chain. Additional information on Datametrex is available at www.datametrex.com.

For further information, please contact:
Marshall Gunter – CEO
Phone: (514) 295-2300
Email: [email protected]

Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the time such forward-looking information is made. Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Tags: covid19, CSE, datametrex, investments, Lotte, Lotte Home Shopping, PCL, small cap, stocks
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Loop Insights $MTRX.ca and $KABN.ca North America Partner to Launch #AI Driven Merchant and Consumer Rewards Programs, Secured by #Biometrics and #Blockchain $QUIS.ca $MCLD.ca $NXO.ca

Posted by AGORACOM-JC at 7:11 AM on Tuesday, August 25th, 2020

Announced an initial partnership agreement with KABN Systems North America Inc., a wholly-owned subsidiary of KABN System NA Holding Corp. (CSE: KABN), a Canadian Fintech company that specializes in continuous online identity verification, management and monetization in Canada and the US
As the world goes more digital and more “check-ins” are required for contact tracing purposes, KABN NA can also enhance Loop’s contact tracing check-in solution with its proprietary blockchain technology
The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at an impressive Compound Annual Growth Rate (CAGR) of 67.3% during 2020–2025 (source: www.marketsandmarkets.com).

VANCOUVER, BC and TORONTO, Aug 25, 2020 – Loop Insights Inc. (TSXV: MTRX) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive automated marketing, contact tracing, and contactless solutions to the brick and mortar space, is pleased to announce an initial partnership agreement with KABN Systems North America Inc., a wholly-owned subsidiary of KABN System NA Holding Corp. (CSE: KABN) (“KABN NA” or “KABN North America”), a Canadian Fintech company that specializes in continuous online identity verification, management and monetization in Canada and the US.

TOGETHER, THE COMPANIES WILL CREATE A VERIFIED DIGITAL ID CHECK-IN SYSTEM FOR LARGE SCALE VENUES

As the world goes more digital and more “check-ins” are required for contact tracing purposes, KABN NA can also enhance Loop’s contact tracing check-in solution with its proprietary blockchain technology. The global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at an impressive Compound Annual Growth Rate (CAGR) of 67.3% during 2020–2025 (source: www.marketsandmarkets.com).

KABN NA’s Liquid Avatar program increases the security within Loop’s services. Customer information and identities are protected by blockchain technology- the highest level of protection. This identity verification enhancement for Loop comes at a great time. It accelerates conversations with large scale business development opportunities, such as schools, stadiums, and governments that are reopening and seek fast and secure contact tracing check-in platforms.

COMBINATION OF LOOP AND KABN NA TECHNOLOGIES RESULTS IN POWERFUL AND COMPLIANT SOLUTION FOR MERCHANTS

KABN NA, in its simplest form, turns the major problem of data privacy into a profit for individuals by giving them complete control over what data is visible on sites and platforms throughout the web.

In order to deliver this level of control, KABN has created Liquid Avatar, a powerful platform that allows users to create digital icons representing their online personas. An individual can create different Liquid Avatars to share different levels of private data with different facets of their life, such as social media, professional, business, e-commerce, and banking.

Every Liquid Avatar is biometric and blockchain secured.

On the other hand, Loop Insights provides merchants with a turnkey solution, driven by artificial intelligence. This allows them to unlock their bricks and mortar data in real-time to make smarter, faster, data-driven decisions that deliver personalized promotions and targeted engagement—leading to higher conversions and transaction revenue in professional sports, entertainment, and retail industries.

As a result of the partnership that converges the powerful technologies of both Loop and KABN NA, the tremendous value will be created for retailers and e-commerce stores due to transacting with known users who have been biometrically verified identity with a blockchain-enabled digital wallet.

In turn, this will provide merchants with the ability to push, customized offers, promotions, and other incentives based on permission-based data to a known, real person. This is extremely valuable in an environment fraught by bots and fake accounts.

NEW BUSINESS MODELS AND REVENUE STREAMS FULLY COMPLIANT WITH GLOBAL DATA PRIVACY LAWS

Moreover, the combination of these powerful standalone technologies will provide Loop and KABN NA with new business models that are compliant with jurisdictional privacy laws and regulations, where the user has management and control over the data.

KABN NA CEO, Ben Kessler: “We are very excited to partner with Loop to create a more interactive and rewarding experience for consumers. We believe that combining our efforts and solutions builds both a robust data and identity verification platform as well as, a personalized, customer-first loyalty solution. We look forward to leveraging all of these enhanced capabilities to expand our retail client and brand partner opportunities.”

Loop CEO Rob Anson: “The convergence of Loop’s IoT and AI technology with KABN NA’s Blockchain and digital identity platform is compelling and will lead to many new possible global revenue opportunities. This exciting partnership unlocks potential new ways for us to monetize our services, expand our client networks, and further accelerate our pursuit on a global scale.”

PARTNERSHIP UNLOCKS NEW WAYS FOR LOOP TO FURTHER MONETIZE ITS INSIGHTS AND ENGAGEMENT PLATFORM THROUGH RETAIL CLIENTS AND BRAND PARTNERS

Under the partnership, Loop will participate in potential revenue generated from KABN NA’s Liquid Avatar program, which includes a percentage of the sign-ups, commissions, and service fees that KABN generates from brands, retailers, other businesses, and affiliates. Loop intends to leverage brand and corporate interest to gain revenue from its third-party programmatic advertising platform.

Combining Loop’s AI-powered retail analytics and engagement with KABN’s Liquid Avatar digital identity platform, KABN KASH, a cashback and loyalty engine, and the KABN Visa card program, the partnership will create new revenue-generating opportunities for Loop. In addition to Loop’s current engagement service offerings, Loop will now be able to offer KABN KASH (cashback and rewards) and the KABN Card to its growing base of retailers and in so doing, expand its monetization efforts, while also growing its base of users and user-generated data.

This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion and Q&A https://agoracom.com/ir/LoopInsights/forums/discussion

About KABN North America –www.kabnnaholdco.com

KABN Systems NA Holdings Corp. through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of digital identity, empowering users to control and benefit from its use of their online identity.

KABN propriety technology suite includes 4 key products:

Liquid Avatar allows users to create high quality digital icons representing their online personas. These icons, in conjunction with KABN ID, allows users to manage and control their Digital Identity and to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com

KABN ID is an Always On, biometric and blockchain based digital identity validation and verification platform allowing users to continuously and confidently prove themselves throughout the online community.

KABN Card is a Visa approved prepaid card program allowing users to manage both digital and fiat currencies and earn cashback and other loyalty incentives. www.kabncard.com

KABN KASH is a cashback, loyalty and engagement program that powers the KABN revenue ecosystem.

KABN provides its products and services at no cost to consumers and generates revenues through permission-based partner programs. www.kabnkash.com

For more information, please visit www.kabnnaholdco.com or www.kabnsystemsna.com

About Loop Insights: Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia.

The TSXV and CSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States.

Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only LOOP and KABN NA beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of LOOP and KABN NA’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the ability of LOOP and KABN NA to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.

By identifying such information and statements in this manner, LOOP and KABN NA are alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, LOOP and KABN NA have made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although LOOP and KABN NA believe that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and LOOP and KABN NA do not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to LOOP and KABN NA or persons acting on its behalf is expressly qualified in its entirety by this notice.

SOURCE LOOP Insights Inc.

Tags: AI, covid19, Covid19 tracing, CSE, internet of things, IOT, tsx-v
Posted in KABN, KABN Systems NA Holdings Corp., Loop Insights Inc. | Comments Off on Loop Insights $MTRX.ca and $KABN.ca North America Partner to Launch #AI Driven Merchant and Consumer Rewards Programs, Secured by #Biometrics and #Blockchain $QUIS.ca $MCLD.ca $NXO.ca

VIDEO: Loop Insights $MTRX.ca Pilot In 20 Locations Of Biggest CBD Retailer In America Could Lead To 550 Stores $QUIS.ca $MCLD.ca $NXO.ca

Posted by AGORACOM-JC at 5:08 PM on Thursday, August 20th, 2020

Loop Insights (MTRX:TSXV) could very well be the best e-commerce technology company we’ve seen in the past 10 years. We thought it when we saw it for the first time … and then the thinking really took hold when we showed Loop’s technology to retailer friends of ours, who jumped out of their phones.

So what does Loop do?

As their name suggests, they close the loop between brick and mortar locations and their e-commerce stores

But how do they do that?

Well, we know that all e-commerce sites have easy access to real-time insights, which leads to personal marketing. That’s how:

Amazon recommends a product based on a real-time purchase you are making;
Spotify recommends music based on music you are listening to in real-time;
NetFlix recommends other movies based on what you just watched.

What Loop is doing is creating that same experience for you in a physical retail location, which has NEVER been done. Whether you are in a hotel, casino, store, or stadium, Loop’s disruptive capability creates a real-time increase in spend, loyalty, foot traffic and wallet share. But don’t just take our word for it, here is what the largest brick & mortar CBD retailer in America had to say:

“There’s no greater time to utilize top-tier artificial intelligence technology to gain an edge in this industry. Our customer base is huge, and it’s important to understand their needs and preferences to maximize basket size, loyalty and wallet share. We look forward to working with Loop and building unparalleled experiences for our customers.”

If that wasn’t enough, here is what MTRX announced last month:

Now you know why we’re calling Loop Insights the best e-commerce technology company we’ve seen in 10 years.

Grab your favourite summer beverage, get comfortable and watch this powerful video with CEO, Rob Anson.

Watch this interview or listen by Podcast on Apple, Google, Spotify or your favourite podcaster.

Tags: AI, covid19, Covid19 tracing, CSE, internet of things, IOT, tsx-v
Posted in AGORACOM Via Satellite, Featured, Loop Insights Inc. | Comments Off on VIDEO: Loop Insights $MTRX.ca Pilot In 20 Locations Of Biggest CBD Retailer In America Could Lead To 550 Stores $QUIS.ca $MCLD.ca $NXO.ca

Datametrex $DM.ca Signs Another $250,000 Sales Contract With #LOTTE

Posted by AGORACOM-JC at 2:37 PM on Thursday, August 20th, 2020

Entered into additional agreement for providing IT solution and services totalling approximately $250,000 with two divisions of LOTTE companies, LOTTE Home Shopping and LOTTE Property and Development
Datametrex is continuously working with the various divisions of LOTTE and has demonstrated to be a quality, reliable, and trustworthy AI technology solutions vendor, providing critical optimizations for business structures
This relationship is demonstrating that there is an opportunity to grow Datametrex’s footprint within LOTTE’s distinct organizations

TORONTO, Aug. 20, 2020 — Datametrex AI Limited (the “Company” or “Datametrex“) (TSXV: DM, FSE: D4G, OTC: DTMXF) is pleased to announce that it has entered into additional agreement for providing IT solution and services totalling approximately $250,000 with two divisions of LOTTE companies (“LOTTE”), LOTTE Home Shopping and LOTTE Property and Development.

LOTTE Home Shopping aims to provide a creative consumer experience by working with customers to build trust and satisfy their needs. It operates businesses in the areas of television shopping, Internet shopping malls, catalogues, and mobile shopping in South Korea and internationally, including locations in Japan, South Korea, China, Indonesia, and Vietnam.

LOTTE Property & Development operates as a high rise multi-purpose shopping mall and provides the LOTTE World Tower and the LOTTE World Mall with environmentally friendly urban green complex development, operations, and other related services.

Datametrex is continuously working with the various divisions of LOTTE and has demonstrated to be a quality, reliable, and trustworthy AI technology solutions vendor, providing critical optimizations for business structures. This relationship is demonstrating that there is an opportunity to grow Datametrex’s footprint within LOTTE’s distinct organizations.

“At Datametrex, we continue our efforts to facilitate ground-breaking technologies to companies across the globe. We pride ourselves in providing tools that our clients can use to visualize their customers and stakeholders to make predictive analyses, mitigate risk, and improve their bottom line,” stated Marshall Gunter, CEO of Datametrex.

About LOTTE

LOTTE Group is the fifth-largest conglomerate in Korea with annual revenues of approximately USD 60 billion, consisting of over 90 business divisions. LOTTE is engaged in diverse industries that include hotels, resorts, fast food, beverages, retail, financial services, heavy chemicals, electronics, IT, construction, publishing, confectionary products, and entertainment. Additional information on LOTTE is available at www.lotte.co.kr

About Datametrex

For further information, please contact:

Marshall Gunter – CEO
Phone: (514) 295-2300
Email: [email protected]

Forward-Looking Statements

Tags: covid19, CSE, datametrex, investments, Lotte, Lotte Home Shopping, PCL, small cap, stocks
Posted in Datametrex AI Limited | Comments Off on Datametrex $DM.ca Signs Another $250,000 Sales Contract With #LOTTE

Datametrex $DM.ca Announces Purchase Orders and Completion of Delivery

Posted by AGORACOM-JC at 8:08 AM on Thursday, August 20th, 2020

Announced that it has received a second Purchase Order from Canadian Royalties Inc., a private mining company operating a copper and nickel mine in Nunavik, Quebec
This P.O. is for 2,000 tests with 1copy test kits, approximately $200,000 in sales, making the total sales to date approximately $400,000
Datametrex has completed delivery to another Canadian mining company for their South America mining site and has completed shipping 30,000 1copy test kits, 30,000 UTMs, a PCR machine, 30,000 RNA extraction kits and an RNA extraction machine
Approximate sales from this transaction is $850,000.The Company received its payment in full

TORONTO, Aug. 20, 2020 — Datametrex AI Limited (the “Company” or “Datametrex“) (TSXV: DM, FSE: D4G, OTC: DTMXF) is pleased to announce that it has received a second Purchase Order (“P.O.”) from Canadian Royalties Inc. (“CRI”), a private mining company operating a copper and nickel mine in Nunavik, Quebec. This P.O. is for 2,000 tests with 1copy test kits, approximately $200,000 in sales, making the total sales to date approximately $400,000.

Canadian Royalties is committed to occupational health and safety, and with the help of Datametrex, Canadian Royalties is endeavouring to allow its workforce to continue to operate with less risk. Canadian Royalties has over 1,000 employees at the Nunavik Nickel Project. On average, 400 people live and work on constant rotation at the Project, whether at the EXPO or Deception Bay camps, all on a fly-in / fly-out rotation.

Datametrex has completed delivery to another Canadian mining company for their South America mining site and has completed shipping 30,000 1copy test kits, 30,000 UTMs, a PCR machine, 30,000 RNA extraction kits and an RNA extraction machine. Approximate sales from this transaction is $850,000.The Company received its payment in full.

“We are thrilled to be able to support the operations of these mining companies as they endeavour to protect their employees and minimize the dangers, risks, and impacts that COVID-19 has brought,” stated Marshall Gunter, CEO of Datametrex.

About Canadian Royalties Inc.
Canadian Royalties Inc. (“CRI”) is a private mining company based in Montreal that operates a copper and nickel mine in Nunavik (province of Quebec), under the name Nunavik Nickel Project (“Project”). CRI is solely owned by their parent company in China, Jilin Jien Nickel Industry Co., Ltd. Canadian Royalties Inc. will engage the commitment and involvement of all of its employees and contractors to ensure that environmental, health and safety performance objectives are met. Additional information on Canadian Royalties is available at https://www.canadianroyalties.com/

About Datametrex
Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex’s mission is to provide tools that support companies in fulfilling their operational goals, including Health and Safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, the Company provides progressive solutions to support the supply chain. Additional information on Datametrex is available at www.datametrex.com

For further information, please contact:

Marshall Gunter – CEO
Phone: (514) 295-2300
Email: [email protected]

Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Tags: covid19, CSE, datametrex, investments, Lotte, Lotte Home Shopping, PCL, small cap, stocks, tsx
Posted in Datametrex AI Limited, Featured | Comments Off on Datametrex $DM.ca Announces Purchase Orders and Completion of Delivery

Loop Insights $MTRX.ca Signs Pilot Agreement For 20 Locations Of Largest American #CBD Retailer, With Over 550 Stores Across 41 States $QUIS.ca $MCLD.ca $NXO.ca

Posted by AGORACOM-JC at 7:14 AM on Thursday, August 20th, 2020

Announced the signing of a Pilot Agreement with Sunflora Inc., to implement Loop’s analytics platform into 20 of its Your CBD Store retail locations
Your CBD Store is the largest CBD brick and mortar retailer in the United States, selling award-winning SunMed products
Upon successful completion of the Pilot, it is the intention of both parties to implement Loop’s artificial intelligence driven analytics platform across all 550+ Your CBD Store locations in 41 States across America

VANCOUVER, BC, Aug. 20, 2020 – Loop Insights Inc. (TSXV: MTRX) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, automated marketing, and contact tracing to the brick and mortar space, is pleased to announced the signing of a Pilot Agreement with Sunflora Inc., to implement Loop’s analytics platform into 20 of its Your CBD Store retail locations.

OPPORTUNITY FOR FULL IMPLEMENTATION ACROSS 550+ LOCATIONS

Your CBD Store is the largest CBD brick and mortar retailer in the United States, selling award-winning SunMed products. Upon successful completion of the Pilot, it is the intention of both parties to implement Loop’s artificial intelligence driven analytics platform across all 550+ Your CBD Store locations in 41 States across America.

Sunflora President of Franchise Systems, Jay Benge stated “There’s no greater time to utilize top-tier artificial intelligence technology to gain an edge in this industry. Our customer base is huge, and it’s important to understand their needs and preferences to maximize basket size, loyalty and wallet share. We look forward to working with Loop and building unparalleled experiences for our customers.”

PILOT AGREEMENT STEMS FROM VEND RESELLER PARTNERSHIP

On August 10th, Loop announced a “Reseller Partnership And First Sale With Vend, A Global POS Company Used In 25,000 Stores Across 140 Countries”. In that announcement Loop and Vend announced the first sale to a Vend client with 30 stores across North America.

Today’s announcement represents the second deal through Vend in just 10 days, which bodes well for the future of the partnership and further demonstrates the efficacy of the Company’s artificial intelligence driven marketing solution to the brick and mortar space.

Loop Insights CEO, Rob Anson stated “Our Vend partnership has already demonstrated great value for Loop by rapidly accelerating our entry into large verticals such as CBD retail. CBD sales are seeing massive growth rates since the start of the pandemic, so this Pilot with Sunflora Inc. puts Loop in a very strong position to become a partner to the massive CBD retail market.”

US CBD SALES PROJECTED TO REACH $24 BILLION BY 2023, WITH ANNUAL GROWTH RATE OF 107%.

CBD product sales growth in the US is growing at a remarkable pace, growing 706% percent from 2018 to 2019 ($620M to $5B) and a projected compound annual growth rate (CAGR) from 2018 and 2023 of 107%. In comparison, cannabis sales are expected to see a CAGR of around 25%. Experts believe CBD’s growth is due to its entrance into major pharmacy and retail chains. Loop’s ability to provide real-time insights to Sunflora Inc., across its storefronts will help manage their inventory and supply chain, while building robust customer data and engagement.

This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion and Q&A https://agoracom.com/ir/LoopInsights/forums/discussion

About Your CBD Store: Your CBD Store is the largest CBD retailer in the United States and the exclusive home of award-winning, hemp-derived SunMed products. With more than 550+ stores in 41 states, we are bringing the highest quality CBD experience to customers nationwide. Its parent company, Sunflora Inc., produces quality products for health and wellness, skincare, and pet products.

Forward-Looking Statements/Information:

This news release contains certain statements which constitute forward-looking statements or information. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.

Tags: AI, covid19, Covid19 tracing, CSE, internet of things, IOT, tsx
Posted in All Recent Posts, Featured, Loop Insights Inc. | Comments Off on Loop Insights $MTRX.ca Signs Pilot Agreement For 20 Locations Of Largest American #CBD Retailer, With Over 550 Stores Across 41 States $QUIS.ca $MCLD.ca $NXO.ca

Posts Tagged ‘covid19’

IoT In Retail Market Will Reach USD 101,000.20 Million with Significant CAGR of 18.9% by 2026

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