Visionstate Corp. Makes Strategic Investment in Freedom Cannabis Inc. TSX Venture Exchange:VIS
EDMONTON, Alberta, June 28, 2018 (GLOBE NEWSWIRE) — Visionstate™ Corp. (TSX-V:VIS) (“Visionstate”) is pleased to announce it has made a strategic investment in Alberta-based Freedom Cannabis Inc. (“Freedom Cannabis”) in a round of seed funding. The investment into Freedom Cannabis was made on the basis of synergies that exist between the businesses with respect to potential sensor development for monitoring production processes and opportunities to leverage solar powered backyard greenhouses for the home growing market through Visionstate’s investment in Exceed Solar Inc.
The Cannabis Act was recently passed in the Canadian Senate, with production and use expected to become legal on October 17th 2018. “As the cannabis industry emerges in Canada, we see tremendous opportunity in partnering with Freedom Cannabis,” says Visionstate Corp. CEO John Putters, “particularly for integrating our IoT connected sensors and solar applications into the production process.”
Visionstate Inc., a wholly owned subsidiary of Visionstate Corp., is an Internet of Things (IoT) company that specializes in data collection and analytics through sensor data. The Company’s core product, WANDA™, is an IoT touch-screen solution that collects information on cleaning activities, monitors supply inventories, collects foot-traffic data using people sensors and provides detailed analytics, with a reporting dashboard that enables data-driven operational decisions.