NexTech Signs Reseller Agreement with Foottraffik Cannabis Dispensary Software Company
April 26 2019 - 8:00AM
InvestorsHub NewsWire
NexTech AR Solutions Corp.
349 Carlaw Ave Suite
304
Toronto, ON M4M
2T1
NEWS
RELEASE
NexTech Signs Reseller Agreement with
Foottraffik Cannabis Dispensary Software
Company
New York, NY - Toronto, ON, Canada -- April
26, 2019 -- InvestorsHub NewsWire
-- NexTech AR
Solutions (the “Company” or “NexTech”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29) today announced
it has entered into a reseller agreement with Foottraffik, a dispensary marketing software and full
service agency for the cannabis industry. The reseller agreement
will enable Foottraffik to market NexTech’s innovative AR eCommerce
solutions to its roster of more than 125 cannabis dispensary
clients including Clear
Choice,
Remedy, Have a Heart, The Higher Path and others.
“We are very excited to announce that two of
the most innovative cannabis tech companies have united to bring
forth the future of technology to the global cannabis market,” said
Guillermo Bravo, CEO of Foottraffik. “Digital marketing, augmented
reality, and artificial intelligence are the trifecta in the new
era of cannabis. We are pleased to unite NexTechAR &
Foottraffik in a partnership that will augment the reality of the
cannabis industry through innovative technology and immersive
consumer experiences.”
Foottraffik will resell NexTech’s
AR Dispensary
eCommerce platform, its 3D advertising
capabilities,
and its virtual “AR showrooms.” AR Dispensary utilizes immersive AR
technology and rich 3D 360-degree photography to provide an
eCommerce experience unparalleled in the legal cannabis industry.
The white-label web-based AR solution, integrated into a
dispensary’s website seamlessly through just a snippet of code,
allows consumers to preview products like flowers, gear, pre-rolls,
and more from home or on-the-go. The platform can also support
features for online ordering/pickup, and online ordering/delivery
(where permitted), creating a complete digital dispensary
experience.
“We are pleased to announce this strategic
partnership with Foottraffik and to continue our penetration of the
burgeoning legal cannabis industry by offering the most complete
end-to-end AR solutions on the market,” said Evan Gappelberg, CEO
of NexTech. “We believe the combination of Foottraffik’s industry
expertise and vast client network provides an optimal vehicle for
distribution of our technology on a broader scale, while empowering
dispensaries to increase sales and provide a more complete customer
experience. ”
With spending on legal cannabis
worldwide expected to reach $57
billion by 2027,
according to Arcview Market Research and BDS Analytics, on-demand,
interactive AR experiences are the next step towards improving
customers’ path to purchase. This partnership continues NexTech’s
penetration into the burgeoning market, following the
release of its AR
Dispensary platform in March 2019, and
its deal
with Cannvas Medtech Inc., a
leading digital cannabis education and business technology company,
in January 2019.
About NexTech AR Solutions
Corp.
NexTech is bringing a next-generation web
enabled augmented reality (AR) platform with Artificial
Intelligence (AI) and analytics to the Cannabis industry,
eCommerce, education, training, healthcare and video conferencing.
Having integrated with Shopify, Magento and Wordpress, its
technology offers eCommerce sites a universal 3D shopping solution.
With just a few lines of embed code, the company’s patent-pending
platform offers the most technologically advanced 3D AR/AI
technology anywhere. Online retailers can subscribe to NexTech’s
state-of-the-art, 3D AR/AI solution for $79/mo. The company has
created the AR industry’s first end-to-end affordable, intelligent,
frictionless, scalable platform.
To learn more, please follow us on
Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com.
On behalf of the
Board of NexTech AR Solutions
Corp.
“Evan
Gappelberg”
CEO and Director
For further information, please
contact:
Evan Gappelberg
Chief Executive Officer
info@nextechar.com
Media contact:
Erin Hadden
FischTank Marketing and PR
ehadden@fischtankpr.com
The CSE has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as, “will
be”, “looking forward” or variations of such words and phrases or
statements that certain actions, events or results “will” occur.
Forward-looking statements regarding the Company increasing
investors awareness are based on the Company’s estimates and are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, levels of activity, performance
or achievements of NexTech to be materially different from those
expressed or implied by such forward-looking statements or
forward-looking information, including capital expenditures and
other costs. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. NexTech
will not update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except as
required by applicable securities
laws.
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