The MOU provides a basis for which the two companies can collaborate to pursue opportunities, including the introduction of Visionstate IoT Inc.’s proprietary Internet of Things (IoT) technology to the cannabis sector.
“We are extremely pleased to have entered into this MOU with Freedom Cannabis,” said
“After observing the evolution of the cannabis sector, we decided that now was the right time to leverage and develop IoT technology to improve productivity and fulfill the industry needs,” said Freedom Cannabis CEO Johnfrank Potestio. “The IoT will align neatly with our processes and enable the next stages of operational innovations.”
Visionstate’s IoT technology, branded under the name Wanda, is currently deployed throughout
For the cannabis sector, the technology will be tailored toward collecting data on routine processes, including the maintenance and sanitation records in grow rooms. Currently the tracking and stamping of employee tasks for most cannabis producers is paper based. This includes tracking of maintenance, pest control, defoliation, and cleaning and sanitizing rooms and equipment.
“Introducing our IoT technology to the cannabis sector opens new opportunities to diversify our customer base and expand our revenues,” Putters explained. “Cannabis producers all face similar challenges in automating operations, so the application is relevant to virtually any licenced producer.”
The MOU also paves the way for the two companies to explore other opportunities in business and technology. The relationship is solidified by the fact that
According to the
About
Issued on behalf of the Board of Directors
“John A. Putters”
To learn more, please contact: | ||
Website: www.visionstate.com | ||
Perry Rapagnap | Twitter: @visionstate | |
(780) 425-9460 | (416) 868-1079 x 230 | Facebook: @visionstate |
jputters@visionstate.com | perry@chfir.com | LinkedIn:@VisionstateCorp. |
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