Strategic Asset Leasing Inc. Enters Into Joint Venture Development Agreement
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.
- Joint Venture with Electric Tribe and VINSA Consulting to enhance cannabis sales technology.
- Pilot program already includes 12 cannabis brands and 3 Los Angeles dispensaries.
- Potential for significant disruption in the cannabis industry with contactless technology.
- None.
CHEYENNE, WY / ACCESSWIRE / September 23, 2020 / Strategic Asset Leasing Inc. (OTC PINK:LEAS), the Company, is pleased to announce a Joint Venture (JV) between Electric Tribe and VINSA Consulting.
Under the terms of the Agreement, the Company will co-develop with Electric Tribe a QR-code sales and tracking system for the California cannabis industry.
The Company, through its previously announced agreement with VINSA consulting and their networks of dispensaries and products manufacturers has begun a pilot program to develop a standardized contactless purchase program. Thus far, 12 cannabis brands and 3 Los Angeles based dispensaries have signed on to the program. The parties believe that with the recent Covid pandemic demand has accelerated for technology solutions as seen with grocery shopping and dining. With the assistance of VINSA's vast cannabis industry network, the parties believe cannabis centric QR-code systems will be the next major industry disruptor.
Once launched in the coming weeks, the Company will provide links where consumers and investors can view its pilot program participants.
Stated CEO, Jason Tucker: "The rapid deployment of this system in our pilot program stands to be a game changer in the cannabis industry. Anyone that's been out to dinner lately, has likely seen the QR-code system being utilized for menus. The cannabis dispensary market remains late to the game on these advancements leaving a huge opportunity for Strategic, Electric Tribe and VINSA to capitalize on."
About:
About Strategic Asset Leasing Inc.: LEAS is focused on leveraging technology assets with a focus on the FinTech Industry and Internet of Things (IoT). These are rapidly growing sectors where Strategic will be developing and licensing technologies that will help companies penetrate these markets, increasing shareholder value.
About VINSA Consulting: VINSA Consulting is the leading sales and operations consulting firm for the California cannabis industry. Focused on bringing forward-thinking, high-impact business strategies and practices to the cannabis supply chain.
About Electric Tribe: is a Seattle and Los Angeles based software studio that designs & develops technology products for emerging industries. Electric Tribe has significant project experience in the nascent cannabis sector.
Forward Looking Statements:
This press release contains forward-looking statements. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Contact:
info@strategicassetleasing.net
SOURCE: Strategic Asset Leasing Inc.
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FAQ
What is the recent development involving Strategic Asset Leasing Inc. (LEAS)?
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