Cannabis Industry Projected to Experience Significant Growth While Legalization Efforts Pick Up Steam - Seite 2

The MOU explores a comprehensive partnership to implement a customer loyalty management platform covering all CLS locations across Snipp's SnippCheck, SnippRewards and SnippLoyalty platforms. Snipp will leverage the accumulated knowledge and deep expertise it's has acquired in designing and launching marketing programs in other highly regulated industries like Pharma, Alcohol and tobacco to help CLS run effective and legally compliant promotion and loyalty programs to meet their marketing objectives.

"We have explored a number of loyalty platforms and after extensive review and consultation with SNIPP have concluded that the SNIPP offering allows us to deploy a system that we can leverage as we grow the CLS platform," said JEFF Binder, CEO of CLS.

"We are energized by the interest received in our CMRC. Clearly, there is a need that is currently unmet in the cannabis industry for marketing solutions that can be leveraged across the industry ecosystem and we hope to be the go to resource that fills that need. CLS is a great example of a forward looking company that intends to run a vertically integrated business that is already thinking through the finer points of their future business and operating model," said Atul Sabharwal, CEO of Snipp.

The goal of the CMRC is to help Cannabis marketers hit the ground running by leveraging our deep expertise and the flexible technology platforms we have engineered for highly-regulated industries, which have unique requirements compared to other consumer-oriented segments. This resource center is designed to help cannabis-related companies launch sophisticated solutions that are also legally compliant, a very important aspect for all firms in the space. Read this and more news for CLS Holdings USA at:  http://www.marketnewsupdates.com/news/clsh.html

In the industry developments and happenings in the market this week include:

Canopy Growth Corporation (TSX: WEED.TO) (OTC: TWMJF) recently announced it has entered agreement to acquire outstanding shares of research arm Canopy Health Innovations. "Canopy Health has overachieved in its mandate to create value and [intellectual property] relating to medical cannabis applications. By combining its IP with Canopy's production and advanced manufacturing platform, we aim to advance speed to market of medical cannabis products," said Bruce Linton, chairman and chief executive officer, Canopy Growth, and chairman, Canopy Health. "Bringing CHI fully under the Canopy banner at this time and at this price reflects the value of CHI's existing assets and takes into account the upstream value creation Canopy Growth is uniquely capable of layering on." Canopy Growth has built the world's leading ecosystem of cannabis product development, research and international sales channels, all while serving the largest medical patient base in Canada.