“The ability for StrainData to scale into the wholesale exchange market will drive additional revenue opportunities for CannLabs, Inc" Mark Mirken, CEO, CannLabs
Denver, CO (PRWEB) April 07, 2015
CannLabs, Inc. (OTCQB: CANL) today announced an agreement through its subsidiary StrainData to provide CannLabs’ certified testing data, to the Amercanex Cannabis Exchange. Amercanex, is the first fully electronic cannabis marketplace in which cultivators, wholesale distributors and retail vendors can buy, sell, or exchange their inventories in a fully transparent intra-state market.
A recent Huffington Post article calls the legal cannabis industry “the fastest growing industry in the United States”. Amercanex will extend its marketplace services to include, through StainData, CannLabs’ cannabis potency and contaminant testing data. The StrainData search engine features “CannLabs certified” cannabinoid profiles for an exclusive network of premium cannabis providers. By empowering growers and dispensaries to share their testing data in real-time, StrainData offers exchange members the ability to make informed decisions when purchasing cannabis.
“Powered by CannLabs’ analytics, this partnership will provide the wholesale market with the most trusted testing data in the industry,” said Mark Mirken, Chief Executive Officer, CannLabs, Inc. “StrainData’s technology is a unique application providing a “Carfax” like resource for the wholesale market.”
Mirken continued, “The ability for StrainData to scale into the wholesale exchange market will drive additional revenue opportunities for CannLabs, Inc. It creates a standard of trust which exchange members will realize greater value for CannLabs certified products.”
“In order for the cannabis industry to grow and safely reach its potential, it needs a trusted, objective resource,” added Mirken. “StrainData is the perfect solution for industry stakeholders, including wholesale exchanges. Every product on StrainData has gone through the exact same testing regimen, creating an objective, consistent analysis of fresh harvests.”
“By integrating the highly-sophisticated StrainData technology into our marketplace offer, Amercanex members can quickly identify laboratory tested product before point of sale,” stated Steve Janjic, Amercanex CEO. “This advancement provides our members with the additional value-added services they need amid ever-changing reporting regulations, and enhanced certainty for buyers who are demanding lab-certified cannabis.”
CannLabs, Inc., is a respected authority and advisor to commercial, governmental and educational entities focused on the cannabis industry.
Through Carbon Bond Holdings, Inc., the Company licenses cannabis testing methodologies, proprietary cloud-based business intelligence, data/analytics and consulting services to garner revenues from legalized cannabis states and their constituents. The Company has licensed cannabis- testing laboratories in Colorado and Connecticut and robust intellectual property, including the patent-pending technology utilized in its newly launched web application, StrainData.TM
For more information visit http://www.cannlabs.com.
Amercanex (American Cannabis Exchange) is the web-based user-interface to the Electronic Cannabis Marketplace (ECM), offering a comprehensive suite of tools and solutions tailored to address a diverse client base. The proprietary platform ensures that only product, quantity, and best-available pricing are shown, thus ensuring a completely transparent, neutral and non-manipulated free-market where supply and demand are the only factors affecting price discovery. To learn more about Amercanex, please visit http://www.amercanex.com
Safe Harbor Statement
All statements herein other than statements of historical facts are forward-looking statements. These statements are based upon our current expectations and speak only as of the date hereof. Such statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. Such factors include, but are not limited to, our ability to raise additional capital, our limited operating history and revenue, our ability to attract and retain qualified personnel, our ability to develop new services, market acceptance of our services, legislative, regulatory and competitive developments in our industry, general economic conditions, as well as other factors set forth in our filings with the SEC.
Vice President Marketing