Replies to post #138 on DMG Blockchain Solutions Inc (DMGGF)

[PotterBanker]

Nice dip this morning. good op imo.

[PotterBanker]

DMG Blockchain Announces Global Supply Chain Management Platform for Cannabis

https://globenewswire.com/news-release/2018/10/16/1621964/0/en/DMG-Blockchain-Announces-Global-Supply-Chain-Management-Platform-for-Cannabis.html

October 16, 2018 08:49 ET | Source: DMG Blockchain Solutions Inc.

Highlights:

The supply chain technology provides DMG and its partners with a “first mover” advantage as a global cannabis blockchain solution
DMG’s platform will have the capability to provide immediate product traceability, as well as automating transactions and information flow among licensed producers, licensed distributors, regulators, retailers, shippers, and reporting and auditing systems
DMG’s global technology partner has commercially deployed multiple blockchain-enabled supply chain management systems for Fortune 100 clients

VANCOUVER, British Columbia, Oct. 16, 2018 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF:OTC US) (FRANKFURT:6AX) (“DMG” or the “Company”), a diversified blockchain and cryptocurrency company, is pleased to announce that development is now underway with our technology partner to build a global supply chain management platform with a focus on the legal cannabis industry. Deployment will begin in Canada, and subsequently expand globally.

DMG, together with its technology and finance partners, is currently in discussions with cannabis industry players, including major licensed producers, quality assurance labs, retail distributors, and government regulators. This global blockchain initiative is a collaboration among industry stakeholders and is being tailored to meet industry players’ specific requirements. DMG intends to onboard significant industry participants as it launches its cannabis supply chain solution.

DMG’s CEO Dan Reitzik, commented: "The emerging cannabis industry demands product management solutions and blockchain is the most logical choice. We want to be the first to offer an enterprise grade solution in partnership with leading technology providers and cannabis producers, processors and distributors. The first use of blockchain was bitcoin, but the perfect use is supply chain management for controlled products such as cannabis. Canada is being positioned to be the global supplier of cannabis, and our blockchain platform can help enable this by way of product traceability for rapid recalls, ensuring a legal source of product, enhancing product safety, as well as facilitating and automating legal and taxation compliance.”