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TICKERS: NTAR; NEXCF

Firm's AR E-Commerce Solutions to Be Marketed, Sold to Dispensaries
News Update

Source:

With the signing of a reseller agreement, the tech firm continues to penetrate Canada's burgeoning legal cannabis industry.

NexTech AR Solutions Corp. (NTAR:CSE; NEXCF:OTCQB) announced in a news release it signed a reseller agreement with Foottraffik, a cannabis dispensary marketing agency that helps attract people to clients' websites and retail stores.

Through this arrangement, Foottraffik will market NexTech's augmented reality (AR) e-commerce solutions to the agency's 125-plus clients, including Clear Choice, Remedy, Have a Heart and The Higher Path.

Specifically, Foottraffik will resell NexTech's AR Dispensary E-commerce platform, its three-dimensional (3D) advertising capabilities and its virtual AR showrooms. Its AR Dispensary product encompasses AR technology and 3D 360-degree images to provide online shoppers a unique experience, and it only takes integrating some code into a dispensary's website to use. NexTech's platform also allows for online ordering and pick-up or, where legal, delivery.

"We believe the combination of Foottraffik's industry expertise and vast client network provides an optimal vehicle for distribution of our technology on a broader scale while empowering dispensaries to increase sales and provide a more complete customer experience," NexTech CEO Evan Gappelberg said in the release.

Foottraffik CEO Guillermo Bravo said, also in the release, "Digital marketing, AR and artificial intelligence are the trifecta in the new era of cannabis. We are pleased to unite NexTech AR and Foottraffik in a partnership that will augment the reality of the cannabis industry through innovative technology and immersive consumer experiences."

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: NexTech AR Solutions. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with NexTech AR. Please click here for more information.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of NexTech AR Solutions, a company mentioned in this article.




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