Imex Systems Inc. announced it has signed a licensing and reseller agreement with Datametrex AI Limited, for its wholly owned subsidiary Canntop AI (Canntop). Under the licensing and reseller agreement, GovCann will utilize Canntop's AI platform to provide governments, law enforcement and health and safety organizations with highly actionable, geo-targeted cannabis data analytics. Canntop builds atop Datametrex's multi-year track record of successfully working with various Canadian federal agencies including Health Canada, where the company's technology targeted key trends and social discovery and allowed Health Canada to gain deeper insight into usage and patterns and compile real-time data from multiple sources: cannabis partners, government agencies and social media.

Canntop AI's selling point is the conversation sculpting and clustering algorithms providing the ability for non-data savvy personnel to discover new insights and clean unstructured text. Under the agreement, Imex will issue CAD 180,000 of IMEX shares to the Datametrex for the right to utilize their Canntop platform and service offering for an initial 30-month auto-renewal contract. The issuance of IMEX shares is subject to regulatory exchange approval and conditions.

In addition, Imex will pay Datametrex 15% royalty fee to Canntop for all revenue generated from the platform.