Cannabis IPO Watch CA and US

[JohnCM]

Canadian IPOs

Company Name : CannaOne Technologies Inc.

Company Profile

Filing Date : 4/27/2018
Offering : $500,000
Price : $0.40 per Common Share
Closing Date : TBD
Exchange : CSE
Eligibility : British Columbia, Alberta

Underwriters :
Leede Jones Gable Inc.
Associations :
Issuer's Law Firm : Macdonald Tuskey
Underwriter's
Law Firm : Salley Bowes Harwardt LC
Auditor : Jackson & Company
Transfer Agent : National Issuer Services Ltd.

Business Description :

CannaOne Technologies Inc. is engaged in the business of developing and marketing a software technology platform for use by the Canadian cannabis industry. CannaOne's intention was to build a comprehensive web-based software-as-a-service ("SaaS") solution that would incorporate point of sale (POS) functionality and an online presence.

CannaOne's flagship product, BloomKit, is a cloud-based solution for the cannabis industry that offers: themed online storefronts, automated customer acquisition tools, and shipping, logistics, payment, marketing, and site management tools, such as reviews, newsletters and search engine optimization ("SEO").

As the Company commercializes BloomKit, its associated data engine will collect, store and sort all the data created by BloomKit users. Using intelligent machine learning to analyze this data, CannaOne aims to provide BloomKit users with detailed industry business intelligence and, ultimately, predictive analytics.

BloomKit seeks to provide vendors and producers with tools required to operate their business on a day-to-day basis. The Company's propriety data engine, which sits behind BloomKit, takes the data from all BloomKit users, creates data sets and through machine learning identifies trends and opportunities that BloomKit customers can use to finetune their business models and make better, faster, and more informed decisions.

Industry Category : Technology/Software