Tuesday, October 30, 2018

Investorideas.com - #CryptoCorner: #Coinbase Adds $300 Million in Recent Funding Round, UK #Crypto Taskforce Publishes Final Report on Regulation

Investorideas.com - #CryptoCorner: #Coinbase Adds $300 Million in Recent Funding Round, UK #Crypto Taskforce Publishes Final Report on Regulation



#CryptoCorner: #Coinbase Adds $300 Million in Recent Funding Round, UK #Crypto Taskforce Publishes Final Report on Regulation

October 30th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ( $NXTD) and Genesis Exchange and Wallet App


Point Roberts, WA and Delta, BC - October 30, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner, now available in podcast.
Listen to today's Crypto Corner Podcast:

#CryptoCorner: #Coinbase Adds $300 Million in Recent Funding Round, UK #Crypto Taskforce Publishes Final Report on Regulation and Expert Warns of Alarmism in Media with Regard to Bitcoin Mining Energy Consumption

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Market Takes a Slight Dip, Coinbase Adds $300 Million in Recent Funding Round, UK Crypto Taskforce Publishes Final Report on Regulation and Expert Warns of Alarmism in Media with Regard to Bitcoin Mining Energy Consumption

The crypto market took a small tumble yesterday as total market capitalization slipped from $209 billion early Monday morning, to $203 billion USD at press time, according to CoinMarketCap. This is the most volatility seen in the recently placid market in about two weeks when total market cap briefly surged to $220 billion USD only to stabilize around $210 billion USD. If the dust has settled then we're only seeing minor adjustments in the price of major coins, many of which are barely in the red. At press time, Bitcoin (BTC) is trading for $6337 USD, Ether (ETH) for $197 USD, XRP at $0.44 USD and Bitcoin Cash (BCH) at $418 USD.
Crypto exchange giant Coinbase has raised $300 million USD in a recent funding round, bringing their total valuation to $8 billion USD. In a blog post by company President and COO Asiff Hirji, it was announced that the Series E funding round was led by "Tiger Global Management, with participation from Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and others." Asiff writes that the company will utilize the recent financing to expand Coinbase globally, offer many new cryptocurrencies on their platform, accelerate utility applications for crypto and bring more institutions into the space.
Coinbase is, and will remain, a crypto-first company. More than anything, we're proud of the millions of people that have turned to Coinbase as their entry-point into crypto. We take that responsibility very seriously. We strive to be the easy, trusted way for anyone to get started with cryptocurrencies. We see Coinbase's growth as validation that the ecosystem will only continue to grow in size, influence and impact - ultimately ushering in a more open financial system for the world.
The UK government's "Crypto Taskforce" released a final report yesterday, which outlines the group's positions with regard to regulation of cryptocurrency and distributed ledger technology (DLT). The Crypto Taskforce, which is made up of representatives from the Financial Conduct Authority, the Bank of England and HM Treasury, concludes with a cautious optimism about the space, encouraging growth with security a top priority.
There are substantial potential risks associated with cryptoassets, and the most immediate priorities for the authorities are to mitigate the risks to consumers and market integrity, and prevent the use of cryptoassets for illicit activity. The authorities will also guard against threats to financial stability that could emerge in the future, and encourage responsible development of legitimate DLT and cryptoasset-related activity in the UK.
Dr. Jonathan Koomey, an expert on the economics of greenhouse gas emissions and the relationship between information technology and resource use, has responded in a recent post on his blog to a Newsweek article titled: "BITCOIN MINING ON TRACK TO CONSUME ALL OF THE WORLD'S ENERGY BY 2020". Koomey cautions against alarmism in the media while also encouraging skepticism of the energy impact of blockchain technology.
"While I encourage everyone in the electricity sector to track Bitcoin as a potential source of new load growth, please use caution and avoid being misled by the hype. Breathless media coverage papers over the uncertainties in the underlying data, and makes it seem like Bitcoin is taking over the world, but in fact it's likely only 0.1% of global electricity consumption, and it is unlikely to continue growing at recent historical rates."
Sam Mowers, Investorideas
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Investorideas.com - CEO of DirectView Holdings (OTC: $DIRV) Discusses Contracts and Future of Security Surveillance Sector Using #AI; companies mentioned: GRUMA (GRUMAAB.MX), FLIR Systems (NASDAQ: $FLIR), Apple ( $AAPL)

Investorideas.com - CEO of DirectView Holdings (OTC: $DIRV) Discusses Contracts and Future of Security Surveillance Sector Using #AI; companies mentioned: GRUMA (GRUMAAB.MX), FLIR Systems (NASDAQ: $FLIR), Apple ( $AAPL)



CEO of DirectView Holdings (OTC: $DIRV) Discusses Contracts and Future of Security Surveillance Sector Using #AI; companies mentioned: GRUMA (GRUMAAB.MX), FLIR Systems (NASDAQ: $FLIR), Apple ( $AAPL)

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Point Roberts, WA - October 30, 2018 (Investorideas.com Newswire) Investorideas.com and Homelanddefensestocks.com, covering security and defense stocks release an exclusive podcast interview with Roger Ralston, the CEO of DirectView Holdings, Inc. (OTC: DIRV). Roger discusses his company's Security Video Surveillance division (http://directview.com), its revenue growth and some recent contracts, including with a leading Texas builder, Rogers-O'Brien Construction and his contract with Mexico's GRUMA (GRUMAAB.MX) subsidiary, Mission Foods. He also shares his thoughts on the growth of the security surveillance industry and how tech, including AI, will play a key role in its future.
Listen to the podcast:

Security Industry Podcast: CEO of DirectView Holdings, Inc ( OTC: $DIRV) talks about new contracts and future of security surveillance

Looking at the most recent deal flow, DirectView's subsidiary Virtual Surveillance just signed a master agreement to work with a leading Texas builder, Rogers-O'Brien Construction, a company that has done $1.5 billion in construction volume over the past five years.
Roger shares thoughts on why this is a significant contract, including the fact that the master agreement grants Virtual Surveillance the ability to bid on any jobs in which Rogers-O'Brien Construction is operating as a general contractor.
Roger said of the contract, "They are an awesome organization and that opened the potential for us to be able to bid and get involved with several large-scale opportunities that they are working on in the state of Texas."
Rogers-O'Brien Construction is deploying technology to make sure it stays ahead of costs and industry evolution. The company made headline news in May in multiple publications including Apple Insider  (NASDAQ: AAPL) saying that "The iPad has become an extremely useful tool for one Texas-based construction firm, with a report revealing the use of Apple's tablet by the workforce has saved the company an estimated $1.8 million per year, as well as helping to reduce the amount of hours spent working on projects."
The Apple Insider article goes on to say, "Rogers-O'Brien started using iPads on sites for the last five years, reports Business Insider, in a project overseen by director of applied technology Todd Wynne. Out of the 340 employees working for the firm, 190 possess an iPad for work purposes." 
DirectView's Roger Ralston, talking about Rogers-O'Brien's Apple (NASDAQ: AAPL) technology deployment notes, "That again points to what an honor it is to be chosen by them to be their provider for security cameras, access control and peripheral space. They obviously know what they're talking about, as they are a tech savvy company and they are into cutting edge applications and equipment and they've agreed to work with us, which I think says a lot about our ability and the products and services we sell."
Looking at the growth in the global video surveillance market, which according to research is estimated to reach $62.62 Billion by 2023, Roger discusses how his company is reflecting that growth and seeing it first-hand. 
Discussing an earlier contract signed this year (Company announced in July that it had received additional orders and began fulfillment of an additional multi-year contract for $3.7B publicly-traded GRUMA (GRUMAAB.MX) subsidiary Mission Foods), Roger talks about the momentum and how one contract can potentially lead to multiple contracts if you are dealing with large corporations.
 "That was a very big feather in our cap, to win that account. We've done multiple installations with them and are working towards additional installations in the future. As you know they are a global organization, so starting here in the US with them does not limit us from going further than that."
When asked about which markets are expected to see the most growth in the security sector over the next few years, as far as who will need the most security in the shortest amount of time, Roger went on to discuss the continued need for security in the US as well as internationally.
Roger said "There's definitely growth in the US as far as security goes. Things that people have seen in the news, from school shootings that have happened here in the US, which have brought security to the forefront, from people sending bombs in the mail, to the tragedy that happened here in the synagogue today, the more security we have, the more security will catch people doing things like that. There's definitely a growing need for security cameras. It's growing here in the US, and South America and Central America have an absolute need, and even Canada. We're looking at the Canadian space and have recently announced we're exploring a dual listing in the Canadian market. The cannabis market that was just legalized will bring about a big need for security cameras. The opportunities are very bountiful."
Looking at the future of the sector and how technology, including artificial intelligence can play a key role, Ralston stated, "The surveillance industry is continually evolving. We are now offering artificial intelligence. We've got a product that we have where if you want to search for everyone that was wearing a red shirt that came through your door, you can find it. If you want to see every time a UPS driver went by, you can find that as well. We are looking to be cutting edge and we have cutting edge products. There is no market that we cannot serve."
Other companies like FLIR® Systems, Inc. (NASDAQ: FLIR), have recently announced similar products such as the FLIR Firefly® camera family, the industry's first deep learning inference-enabled machine vision camera.
"Automated analysis of images captured by machines is a key part of our day-to-day lives that few of us think about," said James Cannon, President and CEO of FLIR. "The quality, affordability, and speed-to-market of items like our smartphones or the food on our tables are made possible by systems using cameras doing both inspection and automated production. With the FLIR Firefly, powered by Intel Movidius Myriad 2 VPU, we are enabling the designers of these systems to leverage deep learning faster and at lower costs."
The AI in security market is expected to reach $11.95 billion by 2024, growing at a CAGR of around 34.9% during the forecast period, according to recent research.
The report concludes, "AI in security provides an enticing proposition with its proactive threat mitigation capabilities, which is needed for constant supervision and adaptation to the multifaceted security vulnerabilities."
About DirectView Holdings, Inc.
DirectView Holdings, Inc., (OTC: DIRV) together with its subsidiaries, provides video surveillance solutions and teleconferencing products and services to businesses and organizations. The company operates in two divisions, Security (Video Surveillance) and Video Conferencing. The Security division offers technologies in surveillance systems providing onsite and remote video and audio surveillance, digital video recording, and services. It also sells and installs surveillance systems; and sells maintenance agreements. The company sells its products and services in the United States and internationally through direct sales force, referrals, and its Websites. The Video Conferencing division offers teleconferencing products and services that enable clients to conduct remote meetings by linking participants in geographically dispersed locations. It is involved in the sale of conferencing services based upon usage, the sale and installation of video equipment, and the sale of maintenance agreements. This division primarily provides conferencing products and services to numerous organizations ranging from law firms, banks, high tech companies and government organizations. For more information visit our websites at www.DirectView.com, www.ApexCCTV.com  and www.VS-US.com and connect with us on Twitter, LinkedIn, Facebook, and Google+.
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts, articles, podcasts and videos talking about cannabis, crypto, technology including AI and Iota, mining, sports biotech, water, renewable energy and more. Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column and the Cleantech and Climate Change Podcast
For disclosure purposes this podcast is a paid for service featuring DIRV on Investorideas.com - learn more about our costs and services for news and podcasts at https://www.investorideas.com/News-Upload/
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This news is published on the Investorideas.com Newswire - News that Inspires big ideas Disclaimer/Disclosure: Investorideas.com is a digital publisher of third-party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure this news and podcast is a paid for content (third party) on Investorideas.com featuring DirectView Holdings, Inc., (DIRV) Learn more about costs and our newswire service https://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
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Investorideas.com - Self Evolving Gopher's (OTCQB: $GOPH) AVANT! Takes on #IBM Watson; Key Players in the Evolution Race of #AI in the US and Globally; Intel ( $INTC), Qualcomm ( $QCOM), Baidu ( $BIDU), Alibaba ( $BABA)

Investorideas.com - Self Evolving Gopher's (OTCQB: $GOPH) AVANT! Takes on #IBM Watson; Key Players in the Evolution Race of #AI in the US and Globally; Intel ( $INTC), Qualcomm ( $QCOM), Baidu ( $BIDU), Alibaba ( $BABA)



Self Evolving Gopher's (OTCQB: $GOPH) AVANT! Takes on #IBM Watson; Key Players in the Evolution Race of #AI in the US and Globally; Intel ( $INTC), Qualcomm ( $QCOM), Baidu ( $BIDU), Alibaba ( $BABA)


Point Roberts, WA and Delta, BC - October 30, 2018 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global news source covering Artificial Intelligence (AI) releases a podcast interview with AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH). Danny discusses how his company's Avant! Self learning AI technology is evolving and taking on the giants in the sector with some of its unique capabilities.
Danny, as an expert in AI working with some of the biggest companies in the sector, shares his thoughts on the global race for AI and how the U.S. can take a leading role.
Danny is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel's Pentium Pro, DEC's Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.
Listen to the podcast:

#AI Industry Podcast: Gopher's ( OTCQB: $GOPH) AVANT! and IBM ( $IBM) #Watson - The Evolution Race of AI in the US and Globally

Research published in the Daily Telegraph earlier this month indicates that China leads the U.S. in AI and machine learning investment for 2018.
Out of around $14bn (£10.6bn) worth of AI investments made by the biggest eight US and Chinese tech companies this year, Chinese firms such as Baidu (NasdaqGS:BIDU), Alibaba (NYSE:BABA), Ant Financial and Tencent (OTC:TCEHY) have taken a clear lead.
Collectively, the four big Chinese groups have been involved in $12.8bn of the total, according to data compiled by Pitchbook, a financial data firm.
In contrast, their four biggest US rivals - Alphabet (NasdaqGS:GOOG), Amazon (NasdaqGS:AMZN), Apple (NasdaqGS:AAPL) and Facebook (NasdaqGS:FB) - have been part of deals in AI totalling just $1.7bn…
Rittman however, contended that U.S. companies like IBM (NYSE:IBM), Intel (NasdaqGS: INTC) and Qualcomm (NasdaqGS: QCOM) will continue to lead in innovation as the rest of the world rapidly joins in the sector.
"I do foresee that the U.S. will maintain leadership - especially companies like IBM, Intel, Google, Qualcomm etc. These guys will [continue to] lead the world," he said, "but it will definitely spread to the rest of the world and the same is true of the budget. I foresee billions of dollars going into the AI domain in the next decade."
This view is supported by Intel's recent hosting of an IoT forum in Taiwan "attracting the participation of major IPC players including Advantech, Adlink Technology, Aaeon, IEI Integration and Nexcom and over 200 partners, sharing their latest technologies and outlook as well as demonstrating their new products."
Dr. Rittman's example of Qualcomm also appears to hold water when one considers their newly launched Snapdragon™ 675 Mobile Platform. According to its press release, the new platform combines cutting-edge image and voice recognition with improved security features and also boasts support from independent software vendors.
The multi-core AI Engine is designed to improve mobile devices' ability to acquire information and become the ultimate personal assistant by capturing photos and videos, learning and adapting to a user's voice, and optimizing battery life. Through heterogeneous computing, the Hexagon DSP, Adreno GPU, and Kryo CPU - are engineered to work cooperatively to run AI applications on-device faster and more efficiently. Additional AI use cases supported on Snapdragon 675 include camera (scene and object detection, image style transfer, portrait relighting), security (face unlock, payment security), voice and translation. Global ISVs also support the platform including Megvii (Face++), NetEase, SenseTime, Thundersoft, and Trio.AI.
As Dr. Rittman's said about his own company, Gopher Protocol, Inc. (OTCQB: GOPH), their Avant! AI system offers something distinct in the space. "Avant! has one unique thing that no one currently has," he said. "Avant! evolves on its own. That means Avant! learns. It can learn from its experience or it can learn from other experience - a human database or an internet database."
Dr. Rittman explained how the Avant! AI engine becomes aware of gaps in its own knowledge, and will independently learn as a form of self improvement.
"Avant! can reach conclusions that it needs to gain more knowledge in a specific domain or a topic," he said. "Then, Avant! will go on its own - since it's currently basically an independent entity - and will learn. While it's busy answering our questions, it will, in the background, study a specific domain in order to become more knowledgeable."
Avant! is open to public access in a limited web-based capacity currently at www.avant-ai.com. Dr. Rittman said that Gopher wanted to create the online interface to introduce the public to the technology in a fun and interactive way.
"We decided, as a courtesy to the public, to provide and enable a basic interface for Avant!, starting with something that is more on the educational side and fun side," he said. "It's a simple page. You can type any question you want and Avant! is going to go and search millions of sources online."
The website is outlined in a recently launched introductory video:
Detractors from AI systems currently in existence may point to Dr. Rittman's example of IBM as a failure of the technology. The IBM Watsonsystem made headlines this month following the departure of the head of IBM Watson Health, Deborah DiSanzo. DiSanzo left the company's AI medical health division following criticisms of inaccuracies from the medical community.
Dr. Rittman, however, maintains that the high profile controversy surrounding IBM Watson is par for the course when a new, disruptive technology is concerned.
"It's completely typical," he said. "The AI industry will have to go through its own development stages. So, I would not be too alarmed about the whole Watson thing. IBM created a beautiful system. Watson is a very strong AI system and it's still going."
For a list of artificial intelligence stocks on Investorideas.com visit:
About Investorideas.com - News that Inspires Big Investing Ideas https://www.investorideas.com/
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts#Cannabis News and Stocks on the Move podcast and column and the Cleantech and Climate Change Podcast .
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Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
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Monday, October 29, 2018

Investorideas.com - Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: CSE: $VGW.C, CSE: $ISH.C, TSXV: $BVO.C, TSXV: $N.V

Investorideas.com - Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: CSE: $VGW.C, CSE: $ISH.C, TSXV: $BVO.C, TSXV: $N.V



Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: CSE: $VGW.C, CSE: $ISH.C, TSXV: $BVO.C, TSXV: $N.V

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Delta, Kelowna, BC - October 29, 2018 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today's edition of its series, Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
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Investor Ideas #Potcasts #Cannabis News and Stocks on the Move: CSE: $VGW.C, CSE: $ISH.C, TSXV: $BVO.C, TSXV: $N.V

Hear Investor ideas cannabis potcast on iTunes

Today's podcast overview/transcript:
From company news sources
Good afternoon and welcome to another Investorideas.com Potcast - following Cannabis news, stocks to watch as well as insights from thought leaders and experts.
Today we will be looking at announcements from Valens GroWorks Corp. trading on the CSE as VGW, Inner Spirit Holdings Ltd. trading on the CSE as ISH, Bevo Agro Inc. Trading on the TSX-Venture as BVO, National Access Cannabis trading on the TSX-Venture as META and Namaste Technologies Inc. trading on the TSX-Venture as N.
Valens GroWorks Corp., a multi-licensed, vertically integrated provider of cannabis products and services utilizing proprietary extraction processes announced that it has signed a share purchase agreement with Australian-based RotoGro International Limited to sell one of the Company's wholly owned subsidiaries, Supra THC Services Inc., which currently holds the Company's second Dealers License, for total consideration of $11,000,000. Concurrently with the transaction, the Company will transfer all of the existing assets of Supra, except the license, into a new subsidiary Valens Labs Ltd. and sell the remaining entity to RotoGro. Valens Labs will provide the new platform for the Company's lab service business and ensure a seamless transition following the sale of Supra.
The purchase price will be paid at four milestones and will be comprised of $2,000,000 in cash, and 18,900,000 shares of RotoGro with a current estimated value of $9,000,000.
"RotoGro is very excited to have the opportunity to fast track its entry into the Canadian cannabis market with the acquisition of an existing Dealers License from Valens GroWorks," says RotoGro International Limited Managing Director Michael Carli. "We were very fortunate for Valens multi-license position with Health Canada and look forward to collaborating with them as we enter the Canadian market with our Ontario-based operations."
With the sale of Supra, the Company's strategic focus remains unchanged as it retains licenses from Health Canada that permit cultivation, processing cannabis oil, as well as analytical testing of cannabis.
Inner Spirit Holdings Ltd. announced that the Alberta Gaming and Liquor Commission ("AGLC") has granted final licenses to operate recreational cannabis dispensaries to three Spiritleaf franchise locations in Brooks, Lethbridge and St. Albert, Alberta. In addition, Spiritleaf's Moosejaw, Saskatchewan location has also received its license from the Saskatchewan Liquor and Gaming Association ("SGLA"). All four of these Spiritleaf franchise locations are expected to open in the next week.
The Company also announces that the AGLC has advised Spirit Leaf Inc., its wholly-owned subsidiary, that it has completed its due diligence and has found the Company suitable to hold a Retail Cannabis Store Licence. Spirit Leaf Inc. and its franchise partners will continue to work with the Alberta government on final approvals of its additional 24 municipally approved Alberta sites that are in various stages of construction while simultaneously working with local municipalities on the approval of its other conditionally secured locations.
Bevo Agro Inc. and Sun Pharm Investments Ltd. "Sun Pharm" announced that Zenabis Ltd. has (indirectly through Sun Pharm) entered into subscription documents with National Access Cannabis for up to $15 million of common shares of NAC following the completion of certain milestones.
NAC is a best practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada. Through its Canada-wide network of medical cannabis clinics, partner pharmacies, NAC Bio's clinical research division, Meta Cannabis Supply Co.™ and NewLeaf Cannabis™ recreational cannabis retail stores, NAC enables patients and the public to gain knowledge and access to Canada's network of authorized Licensed Producers of cannabis.
"We are elated that Zenabis has chosen to invest in NAC," said Mark Goliger, CEO of NAC. "This financing represents a great validation of NAC's retail recreational and medical cannabis pharmacy models. NAC is ready to play a dominant role in providing safe and responsible legal access points across Canada, via an expected footprint of 200+ retail cannabis stores across five private retail provinces over the next 18 months under our brands, Meta Cannabis Supply Co. (META) and NewLeaf Cannabis and 100+ pharmacy partnerships."
Namaste Technologies Inc. announced that the Company's wholly-owned subsidiary, NamasteMD Inc., has signed a Patient Services Agreement with Buds2go.ca. Buds2go is an online platform which holds over 80,000 users in its database with over 100,000 weekly sessions. Subject to the terms of the Agreement, Buds2go will offer users access to medical cannabis consultations through the Company's wholly owned subsidiary and online patient portal, NamasteMD Inc.
The Company expects to see a significant increase in patient acquisition through NamasteMD, as Buds2go not only maintains a large database of users but also has very strong organic search traffic rankings. By leveraging NamasteMD's platform, Buds2go is able to offer users with access to a simple and convenient platform to access medical cannabis consultations with a trained professional. While the Company is focused on rapid expansion of its patient database through NamasteMD and in on-boarding new patients the Company is also actively focused on expanding its offering and securing a strong supply chain for the future.
Namaste Technologies Inc.also announced that the Company's wholly-owned subsidiary, Cannmart Inc., has signed a medical cannabis supply agreement with RMMI Corp.'s (CSE: RMMI) wholly-owned subsidiary, Rocky Mountain Marijuana Inc., whereby Cannmart will purchase medical cannabis from RMMI to offer in its online platform. Subject to the terms of the Agreement, Cannmart will have the right of first refusal ("ROFR") on 20% of RMMI's gross production.
Cannmart holds the first "sales-only" license to be issued to a non-cultivator. Cannmart's goal is to offer a unique selection of high-quality cannabis products sourced from Licensed Producers across Canada. This strategy is the cornerstone of Cannmart's business model which is focused on enhancing the user experience and offering industry-leading customer support. The Agreement with RMMI which includes the 20% ROFR is important to the Company as it guarantees products for our patients and strengthens Cannmart's supply chain. Subject to the terms of the Agreement, Cannmart will purchase packaged, pre-labeled and tested products from RMMI to offer through its online platform.
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