Datametrex Subsidiary Canntop AI Focuses on Cannabis
September 20 2018 - 7:30AM
Datametrex AI Limited (the “
Company” or
“
Datametrex”) (
TSXV:
DM, FSE: D4G) is
pleased to announce that its newly formed subsidiary, Canntop AI
Inc. (“
Canntop AI”), will leverage Nexalogy’s
strong experience working on AI solutions for the vaping sector.
Canntop AI will continue to use Nexalogy’s technology to become a
leading provider of social data analysis in the Cannabis space.
Nexalogy has a multi-year track record of
successfully working with various Canadian federal agencies
including Health Canada. One of the programs Nexalogy has worked on
with Health Canada was focused on the vaping industry. Nexalogy’s
technology targeted key trends and social discovery, allowing
Health Canada to have deeper insight into usage and patterns. As a
proven solution provider to the Federal Government, we believe that
we are well positioned to bid on new projects providing social data
insights to multiple agencies. The Cannabis sector is expected to
grow significantly, generating massive amounts of social data that
will need to be collected, scrubbed and analyzed.
We created Canntop AI to focus on the Cannabis
sector as we have seen the positive results of our solutions and
work in the vaping area and anticipate that the Cannabis space will
benefit strongly from our technology. Canntop AI will focus on the
Cannabis market, including insight and analytical data on
cosmetics, CBD, recreational and medical use, as well as
consumables.
“This is a tremendous opportunity for Datametrex
to build on existing relationships and previous contracts with
various Government Agencies. We believe there will be tremendous
demand by various groups for clear, concise and actionable social
data analysis surrounding the Cannabis sector. Creating Canntop AI
demonstrates our commitment to becoming a global leader in this
marketplace,” says Andrew Ryu, CEO and Chairman of the Company.
About Datametrex
Datametrex AI Limited is a technology focused
company with exposure to four exciting verticals. Big data,
Artificial intelligence and Machine Learning through its wholly
owned subsidiary, Nexalogy (www.nexalogy.com). Implementing
Blockchain technology for secure data transfers through its joint
venture company, Graph Blockchain Limited
(www.graphblockchain.com). Industrial scale cryptocurrency mining
through its wholly owned subsidiary, Ronin Blockchain Corp.
(www.roninblockchain.com).
Additional information on Datametrex is
available at: www.datametrex.com
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For further information, please
contact:
Jeffrey Stevens – President & COOPhone:
(647) 400-8494Email: jstevens@datametrex.com
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Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking
information” within the meaning of applicable Canadian securities
laws. Forward-looking information is not a guarantee of future
performance or results, since it involves risks and uncertainties.
There is no assurance that forward-looking statements will prove to
be accurate, and actual results and future events could differ
materially from those anticipated in forward-looking statements.
Except as required by law, the Company does not assume and
expressly renounces any obligation to update any forward-looking
information, which is only applicable on the date on which it is
given.
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