Innovative Technology Advancements for Booming Cannabis Business Becoming More Lucrative by the Day

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Sep 18, 2018, 09:03 ET

PALM BEACH, Florida, September 18, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary

The Cannabis Markets and the Technology Industry continue to come closer together as legal cannabis prohibition and its sub products lessens around North America. In recent years, technological advancements have begun to pick up around the industry. When Canada and U.S. states such as Colorado, Washington amongst others ushered in different levels of legalization, these tech advancements took off that much more. Many believe the cannabis industry will continue to benefit from an injection of next generation tech innovation as well as creative, ingenious services and solutions while tech companies race to develop and introduce the latest technologies, service platforms and advanced products to enhance operations and overall performance for cannabis leaders. Active companies in the cannabis markets this week include ParcelPal Technology Inc. (CSE:PKG) (OTC:PTNYF), FSD Pharma Inc. (CSE:HUGE) (OTC:FSDDF), OrganiGram Holdings Inc. (TSX-V:OGI) (OTC:OGRMF), International Cannabrands Inc. (CSE:JUJU) (OTC:GEATF), Emerald Health Therapeutics Inc. (TSX-V:EMH) (OTC:EMHTF).

ParcelPal Technology Inc. (CSE:PKG) (OTCPK:PTNYF) BREAKING NEWS : ParcelPal Technology is pleased to announce they have commenced their national roll out plan starting with the much-anticipated expansion into Calgary, Alberta. ParcelPal is looking to exponentially grow its business and make mobile on-demand deliveries a widespread service throughout cities across Canada. The Company has been operating successfully in Vancouver for over a year and is now expanding to Calgary as part of their on-going strategy for Canada wide distribution.

ParcelPal will be launching with all verticals offered (Food, alcohol, grocery, and soon 'Get Anything') on their platform, on both Android and iOS. The Company is in late stage planning for implementation of marijuana delivery in the province of Alberta. Comparable to Vancouver, Calgary offers a diverse population of over 1.5 million residents within the initial operational zone. With similar demographics to Vancouver, the Company expects rapid adoption of the service.

The Company has secured an office in Calgary and is currently onboarding all key personnel to fill all necessary roles for the launch. The Company is actively looking to expand with new and existing partnerships within this region. This should enable the Company to achieve a greater run rate in the coming months.

President and CEO Kelly Abbott states, "We are very pleased to finally offer ParcelPal services residents of Calgary. We are excited by the opportunity that Calgary presents. We feel this expansion to Calgary will bring great shareholder value and this launch will be the cornerstone for all expansions moving forward. Our increased investments in technology, brand and delivery are on track to make our service even easier to use, whilst expanding our customer's choices. I'm pleased with the strong results of the year and excited by our opportunity for accelerated growth across Canada."

ParcelPal's City Manager Alain Duperes states, "We are excited to be a part of the vibrancy and energy of Calgary and it's residents and to welcome a whole new dynamic of on demand delivery. This will now allow residents to get what they want or need, delivered within an hour or less which is greatly needed." Read this and more news for ParcelPal Technology at http://www.marketnewsupdates.com/news/pkg.html

Other recent developments in the industry include:

FSD Pharma Inc. (CSE:HUGE.CN) (OTCPK:FSDDF) this week announced that it has joined the Cannabis Marketing Resource Center ("CMRC") provided by Snipp Interactive Inc. ("Snipp") (OTCQB: SNIPF; TSX-V: SPN), a global provider of digital marketing promotions, rebates and loyalty solutions. FSD has now joined some of the largest licensed producers in Canada that currently use the CMRC and the technology solutions provided by Snipp. "As the Cannabis industry begins to scale, it becomes important to invest in best of breed software and technology solutions to enable companies like ours to sell our products across the ecosystem from seed to sale. We look forward to working with Snipp, a leader in supplier/customer activation and retention programs, to develop such programs and learn from their expertise in similar regulated industries like Pharmaceuticals, Alcohol & Tobacco", said Anthony Durkacz, Director of FSD Pharma.

OrganiGram Holdings Inc. (TSX-V:OGI.V) (OTCQX:OGRMF) recently announced that the Company has signed a supply agreement with the Newfoundland and Labrador Liquor Corporation (NLC) in anticipation of the launch of a legal, adult use recreational cannabis market in the province. "We are pleased to have been accepted as a supplier to NLC," says Greg Engel , Organigram's Chief Executive Officer. "At Organigram, we are very proud of our Atlantic Canadian roots and the opportunities we have to offer our neighbours a broad choice of high-quality cannabis products."According to the terms of the agreement, Newfoundland and Labrador cannabis retailers will have access to almost 100% of Organigram's entire product portfolio. Organigram will also play a role in the province's e-commerce plans, allowing for consumers to order directly on-line.

International Cannabrands Inc. (CSE:JUJU) (OTC:GEATF) recently announced that JuJu Royal cannabis infused olive oils won 1st place in the 4th Annual Best of Edibles List Awards in two categories: Best Colorado Edible and Best Olive Oil. The awards will be featured in the upcoming issue of Edibles List Magazine, including a product review in a future issue. JuJu Royal cannabis olive oils are produced by Elevare' LLC and are made with a unique combination of premium quality extra virgin olive oil and fresh crushed herbs. The product line has been expanded to include full spectrum CBD olive oils that are now available worldwide. "I am truly excited that the JuJu team has won this award. JuJu Royal stands for innovative products that fit with our consumers' lifestyle and this award recognizes the hard work and artistry that went into this effort." - Travis Belcher, President.

Emerald Health Therapeutics Inc. (TSX-V:EMH.V) (OTCQX:EMHTF) last week announced it has been selected as an authorized cannabis supplier by the Newfoundland Labrador Liquor Corporation ("NLC") to supply cannabis products to the NLC and serve the adult-use market throughout the province of Newfoundland Labrador starting October 17. "We're proud to work with the NLC as a preferred Licensed Producer to serve Newfoundland and Labrador in the upcoming legal cannabis market," said Chris Wagner, CEO at Emerald. "This represents the third provincial agreement for our team and we expect to share additional supply updates in the future." With its previously announced supply agreements with the provinces of British Columbia and Ontario, as well as its commercial production facilities quickly ramping up in British Columbia and Quebec, Emerald is prepared for the adult-use market. The company is focused on product innovation that will command high-profit margins; differentiating its marketing strategy; and securing significant supplies of safe, quality, low-cost cannabis.

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