Avana Canada Inc., One of Only Four Companies Awarded a License to Operate Recreational Cannabis Retail Outlets in Manitoba, ...
March 22 2018 - 8:00AM
TORONTO, March 22, 2018 (GLOBE NEWSWIRE) --
Snipp Interactive Inc. ("Snipp" or the “Company”) (OTCQB:SNIPF)
(TSX-V:SPN), a global provider of digital marketing promotions,
rebates and loyalty solutions, today announced that it has received
broad interest in the Company’s solutions and its recently launched
Cannabis Marketing Resource Center (“CMRC”), from Avana Canada Inc.
(“Avana”).
As a late-stage applicant to produce, process
and market cannabis under the Access to Cannabis for Medical
Purposes Regulations (ACMPR), Avana has had the opportunity to meet
and learn from industry trailblazers around the globe. With this
valuable know-how, they have developed processes for growing
premium, consistent, pesticide-free product. To learn more visit
http://www.avana.ca.
Marketed and sold under the Avana brand, their
premium cannabis flowers and oils will be produced in a 27,000 sq.
ft. facility in St. Thomas, Ontario (on target for construction
completion in March), with a 720,000 sq. ft. expansion facility
scheduled to begin construction this summer. Encompassing over 200
acres of land, up to 90,000 kg of cannabis will be grown and
available to both local and international markets.
Avana is one of only four companies awarded a
license to operate recreational cannabis retail outlets in the
province of Manitoba. Avana in partnership with Fisher River Cree
Nation of Manitoba, Chippewas of the Thames of Ontario, MediPharm
Labs of Ontario, and US-based retailer Native Roots Dispensary was
awarded this conditional license to operate retail cannabis
locations pursuant to a robust RFP process by the province. More
details here
http://news.gov.mb.ca/news/index.html?item=43132&posted=2018-02-16
“With our investments from seed to sale, it is
important for us to have access not only to resources such as those
that are being provided through Snipp’s Cannabis Marketing Resource
Center, but also to have access to the capabilities of future
partners, like Snipp that can advise on and implement tried and
tested solutions that will be critical for driving competitive
advantage. This will allow us to focus on our core business
strengths and enable faster scalability,” said Zubin Jasavala,
President and CEO of Avana.
“We are energized by the interest received in
our CMRC. Clearly there is a need that is currently unmet in the
cannabis industry for marketing solutions that can be leveraged
across the industry ecosystem and we hope to be the go-to resource
that fills that need. Avana is a great example of a privately owned
forward looking company that intends to run a vertically integrated
business that is already thinking through the finer points of their
future business and operating model. With the successes they have
already had I am sure that our relationship is only just beginning
today and will evolve along with their business needs,” said Atul
Sabharwal, CEO of Snipp.
The goal of the CMRC is to help Cannabis
marketers hit the ground running by leveraging our deep expertise
and the flexible technology platforms we have engineered for
highly-regulated industries, which have unique requirements
compared to other consumer-oriented segments. This resource center
is designed to help cannabis-related companies launch sophisticated
solutions that are also legally-compliant, a very important aspect
for all firms in the space. Interested cannabis
companies can sign up and qualify via a simple
application process that can be accessed at www.snipp.com/CMRC.
Visit the Snipp website at http://www.snipp.com/
for Snipp’s full suite of solutions and examples of Snipp
programs.
About Snipp:
Snipp is a global loyalty and promotions company
with a singular focus: to develop disruptive engagement platforms
that generate insights and drive sales. Our solutions include
shopper marketing promotions, loyalty, rewards, rebates and data
analytics, all of which are seamlessly integrated to provide a
one-stop marketing technology platform. We also provide the
services and expertise to design, execute and promote client
programs. SnippCheck, our receipt processing engine, is the market
leader for receipt-based purchase validation; SnippLoyalty is the
only unified loyalty solution in the market for CPG brands. Snipp
has powered hundreds of programs for Fortune 1000 brands and
world-class agencies and partners.
Snipp is headquartered in Toronto, Canada with
offices across the United States, Canada, Ireland, Europe, and
India. The company is publicly listed on the OTCQB, of the OTC
market in the United States of America, and on the Toronto Stock
Venture Exchange (TSX) in Canada. Snipp was selected to the TSX
Venture 50®, an annual ranking of the strongest performing
companies on the TSX Venture Exchange, in 2015 and 2016. SNIPP IS
RANKED AMONGST THE TOP 500 FASTEST GROWING COMPANIES IN NORTH
AMERICA On Deloitte’s 2017 Technology Fast 500™ List, for the
second year in a row.
FOR FURTHER INFORMATION PLEASE CONTACT:
MKR Group, Inc.
Todd Kehrli / Mark Forney
snipp@mkr-group.com
Snipp Interactive Inc.
Jaisun Garcha
Chief Financial Officer
investors@snipp.com
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements that involve risks and uncertainties, which may cause
actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions are intended to identify forward-looking
statements. Such statements reflect our current views with respect
to future events and are subject to such risks and uncertainties.
Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in
filings made by us with the Canadian securities regulatory
authorities. Should one or more of these risks and uncertainties,
such as changes in demand for and prices for the products of the
company or the materials required to produce those products, labour
relations problems, currency and interest rate fluctuations,
increased competition and general economic and market factors,
occur or should assumptions underlying the forward looking
statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, or
expected. We do not intend and do not assume any obligation to
update these forward-looking statements, except as required by law.
The reader is cautioned not to put undue reliance on such
forward-looking statements.
Neither the TSX Venture Exchange nor its
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.
Copyright Snipp Interactive Inc. All rights
reserved. All other trademarks and trade names are the property of
their respective owners.
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