LAS VEGAS, May 4, 2021 /PRNewswire/ -- Remark Holdings, Inc.
(NASDAQ: MARK), a diversified global technology company with
leading artificial intelligence ("AI") solutions and digital media
properties, today announced a deal to partner with Shryne Group as
Shryne continues to grow its retail footprint in California. Shryne currently operates 12
retail dispensaries in the state. Beginning with Shryne's flagship
Stiiizy DTLA Store in Los Angeles,
Shryne Group is adopting Remark's Retail AI Platform to assist with
customer service and marketing, while providing state-of-the-art
security via Remark's award-winning computer vision AI.
Shryne's investment in leading edge technologies such as Remark AI
is helping to fuel our exponential growth
"Growth in the retail cannabis market is expected to proliferate
as more and more states adopt the legal recreational use of
cannabis. Remark's well established retail AI platform works with
retailers to identify VIP customers, provide inventory management,
heat mapping and other functionalities that support a great
customer experience," noted Kai-Shing
Tao, Chairman and Chief Executive Officer of Remark
Holdings. "Additionally, the highly regulated cannabis industry
requires best-of-breed security solutions, using our computer
vision products to delineate security zones, access areas and
intrusion detection."
"We are excited to work with Remark as we accelerate our retail
growth," says Brian Mitchell, CEO
and co-founder of the Shryne Group. "Shryne's investment in
leading edge technologies such as Remark AI is helping to fuel our
exponential growth and serving to bolster execution in building a
world-class vertically-integrated cannabis company."
About Shryne Group, Inc.
Shryne Group is the largest vertically integrated cannabis
company in California, the most
established and sizable legal market in the world. Shryne
Group cultivates, manufactures, distributes and retails branded
cannabis products at scale through multiple retail and distribution
channels. For more information, please visit the company's
website at https://shrynegroup.com/.
About Remark Holdings, Inc.
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated
suite of AI solutions that enable businesses and organizations to
solve problems, reduce risk and deliver positive outcomes. The
company's easy-to-install AI products are being rolled out in a
wide range of applications within the retail, public safety and
workplace arenas. The company also owns and operates an e-commerce
digital media property focused on a luxury beach lifestyle. The
company is headquartered in Las Vegas,
Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please
visit the company's website at www.remarkholdings.com.
Forward-Looking Statements
This press release may contain forward-looking statements,
including information relating to future events, future financial
performance, strategies, expectations, competitive environment and
regulation. Words such as "may," "should," "could," "would,"
"predicts," "potential," "continue," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," and similar
expressions, as well as statements in future tense, identify
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, including those
discussed in Part I, Item 1A. Risk Factors in Remark Holdings'
Annual Report on Form 10-K and Remark Holdings' other filings with
the SEC. Any forward-looking statements reflect Remark Holdings'
current views with respect to future events, are based on
assumptions and are subject to risks and uncertainties. Given such
uncertainties, you should not place undue reliance on any
forward-looking statements, which represent Remark Holdings'
estimates and assumptions only as of the date hereof. Except as
required by law, Remark Holdings undertakes no obligation to update
or revise publicly any forward-looking statements after the date
hereof, whether as a result of new information, future events or
otherwise.
Company Contacts
E. Brian Harvey
Senior Vice President of Capital Markets and Investor Relations
Remark Holdings, Inc.
ebharvey@remarkholdings.com
702-701-9514
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
(+86) 13702108000
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SOURCE Remark Holdings, Inc.