11:04:34 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Cannvas Medtech Inc
Symbol MTEC
Shares Issued 37,954,461
Close 2018-11-06 C$ 0.37
Market Cap C$ 14,043,151
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Cannvas signs revenue-sharing, marketing deal with Mood

2018-11-06 09:59 ET - News Release

Mr. Steve Loutskou reports

CANNVAS SIGNS DEFINITIVE REVENUE SHARE AND MARKETING AGREEMENT WITH MOOD(TM)

Cannvas Medtech Inc. has executed an agreement with Mood, a premium-focused cannabis storage brand, to join the recently announced Cannvas Marche, a network of high-tech learning and fulfilment centres across Canada. The revenue-sharing agreement calls for the Mood product line to be integrated into the Cannvas Kiosk platform and featured in Cannvas Marche locations on digital marketing screens with fulfilment opportunities.

"I am very impressed by the Cannvas Marche and Cannvas Kiosk concept, and believe that it is a great way to introduce our premium storage solutions and cannabis accessories to cannabis consumers on-line and in key physical locations in major cities across Canada," commented Ken Tran, founder and chief executive officer of Mood. "We offer a premium brand of products designed to enhance the consumer experience with cannabis. Mood fits well with Cannvas brand and we are looking forward to getting started in the new year."

"I am very pleased to add Mood to the growing roster of the Cannvas Marche and Cannvas Kiosk partners," commented Steve Loutskou, chief operating officer of global markets at Cannvas Medtech. "We have been getting a great response since announcing both Cannvas Marche and Cannvas Kiosk from partners and consumers. People recognize the value of education with respect to cannabis, but also are looking for quality products and services. Mood has a growing list of high-quality cannabis accessories and are a great addition to both Cannvas Marche and Cannvas Kiosk concepts."

Mood is an on-line boutique offering both functional and well-designed storage products to ensure cannabis stays fresh and stale-free longer. It is focused on elevating the overall experience and enjoyment for cannabis consumers all across Canada and is expanding its product line to include accessories related to cannabis.

Cannvas Kiosk is a network of kiosks powered by the Cannvas.Me platform. Cannvas Medtech learning kiosks will be integrated with select health clinics and platforms from coast to coast, whereby users engaging with the kiosks have an opportunity to follow up with a licensed medical practitioner, should they so choose, and these clinics or platforms will be among their options.

Cannvas Marche locations will feature digital learning resources, on-site medical and educational staff, and a fulfillment program. Hands-on education sessions on a variety of cannabis-related topics will also be featured, but without the usual pressure to purchase or consume. The sessions will be led by a registered health practitioner or certified educator and showcase original physician-backed content created for the Cannvas.Me platform. Visitors can register for free seminars each week or drop in at any time. The first location is expected to open in Toronto in 2019.

Cannvas Medtech is working with top regulators and compliance bodies to begin the first phase of creating a network of first-of-its-kind public cannabis education and fulfilment centres.

Cannvas Medtech intends to expand the reach of its Cannvas Marche centres to communities across Canada through a licensing model and leverage its strategic partnerships to further integrate the Cannvas.Me platform into existing retail experiences.

About Cannvas Medtech Inc.

Cannvas Medtech is a leading business technology company in the cannabis space. The company designs and builds customer-centric solutions that enable its partners to harness the power of data to truly understand their customers, industry and key business drivers.

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