via NEWMEDIAWIRE – CFN Media Group (“CFN Media”), the leading
agency and financial media network dedicated to the North American
cannabis industry announces publication of an article discussing
how technology trends are reshaping the industry.
Imagine scanning the QR code of a product on a dispensary shelf
with your smartphone and instantly seeing not only the exact
cannabinoids makeup of that specific product, but also exactly when
and where the cannabis was grown.
Technological advances have significantly improved operations
and lowered the cost of doing business across nearly every major
industry—and the cannabis industry is no different. In addition to
improving transparency for consumers, new technologies are making
it easier for cultivators to optimize their plants, regulators to
track the supply chain, and retailers to provide education directly
to consumers without waiting for a budtender.
Let’s take a look at some examples of how technology is
reshaping the industry and why investors may want to pay close
attention to these trends.
Faster, More Accurate Testing & QA
It’s no secret that the cannabis industry has struggled with
contamination from pesticides and heavy metals, as well as
inaccurate labeling of CBD, THC, and other cannabinoids. While
governments have tightened testing regulations, mass spectrometry
devices cost upwards of $1 million with a three to 14 day
turnaround and high performance chromatography costs $250,000 per
device with a 10 to 14 day turnaround.
FluroTech Ltd. (TSX-V: TEST) (OTCQB: FLURF) set its sights
on dramatically reducing these costs, making it cost-effective for
cultivators to own their own testing equipment. By doing so, they
could detect contamination in the grow cycle early on before it
becomes a costly problem as well as optimize growing techniques to
produce the greatest yield. For instance, Canada’s LPs model
is a one percent increase in potency leading to an 80 cent per
gram price increase.
The company began to commercialize the technology in early
February after securing all of the necessary government
certifications. Each unit sells for just $18,000 with $6,000
testing scopes and $60 to $75 testing kits. The company’s
razor-blade business model could generate upwards of $50,000 in
revenue in the first year and $20,000 in annual revenue for each
testing device, resulting in significant recurring revenue for
shareholders.
Please Click here to receive and investor presentation and
FluroTech Updates
More Traceable Supply Chains
Cannabis consumers have very little information about how
cannabis strains will affect their body—much less if a given
product is accurately labeled and free from contamination!
Cultivators face their own issues trying to protect their
intellectual property from competing breeders while still forming
partnerships with at-scale products. And finally, government
regulators continue to struggle with tracing product throughout the
supply chain.
BLOCKStrain Technology Corp. (TSX-V: DNAX) (OTC: BKKSF)
aims to solve all three of these problems with the world’s first
integrated blockchain platform that registers and tracks
intellectual property for the cannabis industry. A BLOCKStrain QR
code scan at retail provides consumers with trustworthy information
about a product and its history, while the immutable blockchain
provides traceability for intellectual property and regulatory
purposes.
The company recently signed a validation testing
program agreement with Harvest One Cannabis Inc. along with
a similar agreement with WeedMD Inc.. Both of these
companies are licensed producers in Canada’s regulated cannabis
industry, and the data from these early customers could prove
invaluable in building out the platform to attract the wider global
cannabis industry.
Please Click here for additional information on BLOCKStrain
Technology Corp.
Augmented Reality
Testing and supply chain management aren’t the only areas where
technology is helping redefined how the cannabis industry
operates.
NexTech AR Solutions Inc. (CSE: NTAR) (OTCQB: NEXCF) aims
to bring augmented reality (AR) to the cannabis industry through
its innovative web-based platform. Working with Cannvas Medtech and
Premier Health, the company is focused on helping leverage AR-based
solutions to improve patient and consumer education in the cannabis
industry. It also introduced AR-based e-commerce solutions for
dispensaries.
Please Click here for additional information on NexTech AR
Solutions Inc.
What’s Next?
FluroTech, BLOCKStrain, and NexTech AR
Solutions have all introduced innovative new technologies into
the cannabis space. As these solutions expand, consumers can look
forward to a more transparent experience, regulators can ensure
they’re collecting tax, cultivators can maximize their profits, and
dispensaries can better educate consumers.
Please follow the link to read the full
article: https://www.cannabisfn.com/how-technology-is-reshaping-the-cannabis-industry/
About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media
network dedicated to legal cannabis. We help marijuana businesses
attract investors, customers (B2B, B2C), capital, and media
visibility. Private and public marijuana companies and brands in
the US and Canada rely on CFN Media to grow and succeed.
Learn how to become a CFN Media client company, brand or
entrepreneur: http://www.cannabisfn.com/featuredcompany
Download the CFN Media iOS mobile app to access the world of
cannabis from the palm of your
hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8
Or visit our homepage and enter your mobile number under the
Apple App Store logo to receive a download link text on your
iPhone: http://www.cannabisfn.com
Disclaimer
CannabisFN.com is not an independent financial investment
advisor or broker-dealer. You should always consult with your own
independent legal, tax, and/or investment professionals before
making any investment decisions. The information provided
onhttp://www.cannabisfn.com (the ‘Site’) is either original
financial news or paid advertisements drafted by our in-house team
or provided by an affiliate. CannabisFN.com, a financial news media
and marketing firm enters into media buys or service agreements
with the companies that are the subject of the articles posted on
the Site or other editorials for advertising such companies.
We are not an independent news media provider. We make no
warranty or representation about the information including its
completeness, accuracy, truthfulness or reliability and we
disclaim, expressly and implicitly, all warranties of any kind,
including whether the Information is complete, accurate, truthful,
or reliable. As such, your use of the information is at your own
risk. Nor do we undertake any obligation to update the items
posted. CannabisFN.com received compensation for producing and
presenting high quality and sophisticated content on CannabisFN.com
along with financial and corporate news.
The above article is sponsored content. Emerging Growth LLC,
which owns CannabisFN.com and CFN Media, has been hired to create
awareness. Please follow the link below to view our full disclosure
outlining our
compensation: http://www.cannabisfn.com/legal-disclaimer/
Contact:Frank Lane206-369-7050Flane@cannabisfn.com
Blockstrain Technology Corp (TSXV:DNAX)
Historical Stock Chart
From Apr 2024 to May 2024
Blockstrain Technology Corp (TSXV:DNAX)
Historical Stock Chart
From May 2023 to May 2024