Cannagistics, Inc., Launching its SAAS Logistics Platform
Cannagistics, Inc. (CNGT) is nearing completion of its Global3pl Logistical Software SAAS Platform, with a launch planned for May 1, 2021. The platform aims to enhance operations through partnerships with various logistics providers. Additionally, the company is finalizing a transaction with Recommerce Group, Inc. which is anticipated to close around April 1, 2021. This integration is expected to streamline operations and enhance revenue through combined technologies. The development reflects Cannagistics' strategy to disrupt the logistics marketplace.
- Anticipated launch of the Global3pl Logistical Software SAAS Platform on May 1, 2021.
- Partnerships with multiple logistics providers enhance operational capabilities.
- Expected revenue growth from the integration with Recommerce Group, Inc.
- Closing of the Recommerce transaction is subject to funding confirmation and other conditions.
RONKONKOMA, NY / ACCESSWIRE / March 3, 2021 / Cannagistics, Inc. (OTC PINK:CNGT) (the "Company" or "Cannagistics") announces that the Company has entered into the final stages for completion of the Global3pl, UrbanX and American Freight Xchange (AFX Network), Logistical Software SAAS Platform. The Company anticipates launching operations, effective May 1, 2021.
Our Global3pl, Inc., subsidiary, along with various Reverse Logistics Providers, Last-Mile and White-Glove Delivery companies, and other North American "3pl" operators, that the Company will be in partnership with, will be maximizing the use of the SAAS Logistical Platform.
In addition, along with launching the Global3pl Logistical Platform, Cannagistics will are working to close the Recommerce Group, Inc., and related companies' transaction, on or about April 1, 2021. The closing of the transaction is subject to confirmation of the required funding and subject to agreements on terms and certain conditions, with certain debt holders and creditors. However, the Company and Recommerce Group, Inc. are already working together to combine technologies and software and in the initial integration of operations with each other.
Rob Gielt President and CEO of Cannagistics, said, "We at Cannagistics are extremely excited about the launching of our SAAS Platform and Logistics Software. We feel that our technology will drive significant revenue to our Global3pl subsidiary, as well as the UrabanX and AFX Network operations. When fully integrated with Recommerce and its various technology platforms used in Reverse Logistics, we believe that we have a particularly useful but very disruptive logistic technology."
Darren Krantz, President and CEO of Recommerce, who will become the President & CEO of the new holding company, iRecommerce Technologies, Inc., added, "With the combined technologies, iRecommerce will deliver a complete single-source solution for reverse & forward logistics, fulfillment, product remanufacturing/refurbishment and repair, all with seamless integration to our omni-channel B2B/B2C ecommerce sales platforms, disrupting the marketplace."
About Cannagistics, Inc.: Cannagistics, Inc. is a Nevada based, technology and software-based logistics company, engaged on the digital supply chain logistics business.
The company trades on the OTC Markets under the symbol "CNGT."
Cannagistics has the following websites:
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For more information, contact:
CANNAGISTIC, INC.
Rob Gietl, President and CEO
631-676-7230
SOURCE: Cannagistics, Inc.
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