CannaOne Technologies Inc. (“CannaOne”, “company”) develops cannabis ecommerce tools to serve cannabis markets around the world.
The company has a proprietary ecommerce solution called the BloomKit Product Suite. This solution incorporates many innovative tools and uses artificial intelligence (“AI”) and predictive analytics to establish a strong economic moat for online marketplaces that utilize the company’s underlying ecommerce solution.
Through a partnership, the company launched the BWell Market on June 2019. The BWell market is a premium online U.S. cannabidiol (“CBD”) marketplace that specializes in the sale and distribution of over 140 CBD edibles, CBD oil drops, hemp extract products, and other wellness products throughout the U.S. In September 2019, the company entered into a Letter of Intent (“LOI”) to acquire 100% ownership of the BWell Market. This outlines the company’s desire to operate their own online marketplace powered by their ecommerce platform.
The company is presently pursuing partnerships to launch online marketplaces internationally – CannaOne has already entered into an agreement to operate an online CBD market in Mexico and has signed a Memorandum of Understanding (“MOU”) to operate an online CBD market in the United Kingdom.
