STRATEGIC ASSET LEASING - LEAS STOCK NEWS

Strategic Asset Leasing Inc. (OTC PINK:LEAS) has formed a new subsidiary, CryptoGen, LLC, to manage its crypto mining and related operations. This strategic move comes ahead of a planned acquisition of a cryptocurrency mining data center and a joint venture in Montana. CEO Jason Tucker emphasized the necessity of this subsidiary to manage their expanding crypto endeavors effectively. The company is also contemplating another subsidiary focused on its cannabis banking assets, aiming to enhance shareholder value in rapidly growing sectors like FinTech and IoT.

Strategic Asset Leasing Inc. (OTC PINK:LEAS) announced a Letter of Intent to acquire a cannabis banking platform offering secure financial services to compliant cannabis businesses. This platform, currently in beta, has five insured banks ready to review applications for loans and merchant services. The acquisition, expected to close within two weeks, will allow Strategic to enhance credit card services and finalize the system rollout. CEO Jason Tucker expressed optimism about the platform as a top financial service for the cannabis sector.

Strategic Asset Leasing Inc. (OTC PINK:LEAS) announced a Joint Venture with Electric Tribe and VINSA Consulting to develop a QR-code sales and tracking system for the California cannabis industry. The pilot program, supported by VINSA's network, has already attracted 12 cannabis brands and 3 dispensaries in Los Angeles. CEO Jason Tucker highlighted the opportunity for technological advancements in cannabis sales, likening it to QR-code usage in restaurants during the Covid pandemic. The system aims to enhance consumer purchasing experiences in the dispensary market.

Strategic Asset Leasing (OTC PINK:LEAS) announced on September 17, 2020, a Letter of Intent (LOI) to acquire a cryptocurrency mining data center in New Jersey. The facility, rated level 2 by ANSI/TIA-942, includes significant mining hardware for Bitcoin, Litecoin, and Ethereum, which the company aims to expand. The acquisition will be financed through a combination of cash and restricted shares, potentially allowing for a board seat for the center's current principal. The transaction is expected to close before October, with further details to follow.

Strategic Asset Leasing (OTC PINK: LEAS) announced a new development contract with Cannagram, a cannabis delivery service in California. The contract involves creating an online shopping portal and payment processing system aimed at facilitating franchise growth across the state. This technology will enable delivery companies to join the platform and expand their services. CEO Jason Tucker emphasized the contract's potential for long-term revenue through ongoing technical support as the platform scales.

Strategic Asset Leasing (OTC PINK:LEAS) has announced a joint venture with Electric Tribe, LLC, a software studio experienced in the cannabis sector, to develop technology solutions for contactless compliance protocols. This collaboration targets the California cannabis market, the largest in the nation, to establish proof of concept before expanding into other markets. CEO Jason Tucker expressed enthusiasm for leveraging Electric Tribe's design expertise and guidance from VINSA Consulting to explore investment opportunities within the Fintech and IoT sectors.

Strategic Asset Leasing (OTC PINK:LEAS) will exhibit at the North American IoT Tech Expo on November 4-5, 2020. The company plans to showcase its Safe and Secure Nightlight technology via presentations by CEO Jason Tucker and PNNX CEO Vincent Risalvato. Tucker expressed confidence that the expo will help promote their IoT products and facilitate market entry. The official expo website will update to include Strategic Asset Leasing in the exhibitors' section.

Strategic Asset Leasing (OTC PINK:LEAS) is developing a new line of IoT products focused on home health optimization. The initial product will be an indoor air quality control system that connects to home furnace filters and integrates with smart home systems like Alexa and Google Home. Co-developed with Product Design Experts, the system aims to enhance users' health by monitoring air quality and filter life cycles. CEO Jason Tucker highlighted the potential for smart home technology to improve quality of life significantly.

Strategic Asset Leasing (OTC PINK: LEAS) announced its partnership with VINSA Consulting, a leading firm in the cannabis industry. This collaboration aims to leverage VINSA's extensive experience in cannabis technology, an industry projected to reach nearly $100 billion by 2026. CEO Jason Tucker expressed enthusiasm for the partnership, highlighting VINSA's expertise as a critical asset for LEAS in navigating this rapidly evolving market. The company continues to focus on technology assets within the FinTech and IoT sectors to enhance shareholder value.