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Replies to post #12044 on CannaSys Inc. (fka MJTK)
Citizen Toke Acquisition and Launch
On August 10, 2016, we entered into an Asset Purchase Agreement to complete the acquisition of Citizen Toke, a unique text-message-based deals platform focused on user acquisition and customer engagement. Under the terms of a master services agreement with Citizen Toke's previous owner, we have committed $100,000 in additional cash to invest in business development and software improvements to deliver new and more advanced versions of Citizen Toke's software platform.
We have secured several new partners to launch the Citizen Toke platform in Colorado and another exciting partner to launch in California, as we will announce in the coming weeks as those collaborative arrangements are formalized. We are very encouraged by initial feedback from customers, retailers, and branded products companies. This has led us to concentrate our focus on getting Citizen Toke into the market immediately.
Additionally, Ben Tyson, a lead developer of Citizen Toke, became an advisor to CannaSys. Mr. Tyson has over a decade of software development and business development expertise, and he and his team bring a lot of contemporary capability to the table as we focus on next-generation growth opportunities.
