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USA
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Cannvas Medtech Inc
Symbol MTEC
Shares Issued 37,954,461
Close 2018-11-13 C$ 0.35
Market Cap C$ 13,284,061
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Cannvas, MM Patient to work on joint marketing deal

2018-11-13 13:00 ET - News Release

Mr. Steve Loutskou reports

CANNVAS SIGNS LETTER OF INTENT WITH MEDICAL MARIHUANA PATIENT RELIEF

Cannvas Medtech Inc. and Medical Marihuana Patient Relief Inc., a private late-stage Access to Cannabis for Medical Purposes Regulations (ACMPR) licence applicant, have signed a letter of intent to negotiate, in good faith, a joint marketing agreement whereby the two companies will work together to market and promote cannabis education. Cannvas will become the exclusive provider of cannabis information and education to the Medical Marihuana Patient Relief website, and the Medical Marihuana Patient Relief product line will be integrated into the Cannvas Kiosk platform and featured in Cannvas Marche locations on digital marketing screens with fulfilment opportunities.

"We are building MM Patient Relief to be the most physician-centric, data-driven licensed producer to meet the needs of sophisticated clients who are looking for an effective alternative to pharmaceuticals," said Alex Ciotoli, president of Medical Marihuana Patient Relief. "Working with Cannvas enables us to have the latest education content, which is a core component to meeting our objectives."

"It's encouraging to see an innovative Canadian cannabis company like MM Patient Relief recognize the value of unbiased cannabis education to become a valuable partner with the Cannvas.Me platform and help spread awareness on the potential health benefits the plant offers," said Steve Loutskou, chief operating officer, global markets, Cannvas Medtech. "Working closely with MMPatient Relief to create a joint marketing program highlighting both our strengths in the cannabis sector, we hope to leverage the Cannvas.Me platform to provide relevant and timely cannabis learning to potential and active MM Patient Relief clients focused on familiarizing themselves with its high-quality products."

Medical Marihuana Patient Relief will be using proprietary technology to increase the crop yield and quality of cannabis produced in a newly renovated, stand-alone 10,000-square-foot building in Tecumseh, Ont. It is planning to market to sophisticated customers seeking superior strains and alternatives to long-term pharmaceutical pain relief. Medical Marihuana Patient Relief is a 100-per-cent private and locally owned business.

Medical Marihuana Patient Relief's products will be featured in Cannvas Kiosks, a network of digital cannabis education kiosks powered by the Cannvas.Me platform and installed in high-traffic medical and retail areas. Products will also be placed in Cannvas Marche locations, a brick-and-mortar education hub with digital learning resources, on-site medical and educational staff, and a fulfilment program. Each Cannvas Marche location also offers hands-on education sessions on a variety of cannabis-related topics with no pressure to purchase or consume.

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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