Source: Peak Dispensary.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Spotlite360 (LITE) has partnered with Peak, a Colorado cannabis dispensary, to facilitate a five-state expansion
  • Peak enlisted the company to improve visibility into the movement of its products and to comply with each new state’s unique cannabis regulations
  • Spotlite’s blockchain and IoT-based technology can track complex supply chains and supply information on demand
  • Spotlite360 Technologies is a logistics technology solutions provider
  • Spotlite360 (LITE) is down by 11.33 per cent and is currently trading at $1.33 per share

Spotlite360 (LITE) has partnered with Peak, a Colorado cannabis dispensary, to facilitate a five-state expansion.

Peak enlisted Spotlite360 to improve visibility into the movement of its products, both to create new business value and to comply with each new state’s unique cannabis regulations.

Spotlite360 will develop scopes of work to integrate its suite of technologies into Peak’s systems as part of its business objectives.

Through a combination of blockchain and Internet-of-Things capabilities, these technologies can gather granular product data and transmit it proactively to suit the increasingly sophisticated needs of the cannabis industry.

 James Greenwell, Spotlite360’s President, commented,

“Blockchain and IoT technologies can each contribute to providing unprecedented value to firms in the cannabis industry, particularly in out-of-state expansions such as those presently being planned by Peak. We are pleased to have entered into this agreement with such an established and well-regarded cannabis dispensary operator here in our home state, and we look forward to maximizing their potential through the use of the Spotlite360 technologies.”

Spotlite360 Technologies is a logistics technology solutions provider.

Spotlite360 (LITE) is down by 11.33 per cent and is currently trading at $1.33 per share as of 12:48 pm ET.

More From The Market Herald

" Record revenue for California Nanotechnologies (TSXV:CNO) fiscal 2022

California Nanotechnologies (CNO) announced record revenues of US$1,081,500 for the year ending February 28, 2022, a 39 per cent increase from last year.
Electrovaya - Elmira Memarzadeh, Director of Engineering Programs.

" Electrovaya (TSX:EFL) granted U.S. patent for lithium-ion electrode

Electrovaya (EFL) has received a U.S. patent for a unique battery electrode microstructure.
NEO Battery Materials - CEO, Spencer Huh (left) and A&P CEO, Hak Soo Jeon.

" NEO Battery Materials (TSXV:NBM) announces $3M investment from Automobile & PCB

NEO Battery Materials (NBM) has secured a C$3M investment from Automobile & PCB (A&P).