Endexx to Track a Million Pounds of Medical Marijuana in Canada
M3Hub Seed to Sale Management Platform Provides Regulatory
Compliance to Canadian Medical Marijuana Market
CAVE CREEK, AZ--(Marketwired - Jan 9, 2014) - Endexx Corporation
(OTC Pink: EDXC) to track and support through its M3 technology
services up to 1.3 million pounds of Medical Marijuana
annually for CEN Biotech, a division of Creative Edge Nutrition,
Inc.(OTC Pink: FITX). Health Canada enacted in December 2013
new regulations for the production and distribution of medical
marijuana for the Canadian market under the "Marihuana for Medical
Purposes Regulations" (MMPR), setting the rules for licensed
commercial producers to grow, process and distribute marijuana
products directly to marijuana patients and medical providers.
MMRP outlines tracking, recording and reporting requirements, in
relation to transactions, client registration, security, production
and inventory that licensed producers need to meet for
compliance.
M3Hub Seed to Sale Tracking platform is ready to enter the
Canadian medical Marijuana market through a contractual agreement
entered between Endexx and CEN Biotech, a division of Creative Edge
Nutrition (OTC Pink: FITX) last November. CEN Biotech is expected
to receive license to grow, and be able to export, up to 1.3M
lbs. of marijuana products annually on a ten acre facility in
Canada as of April 1, 2014.
Bill Chaaban, President & CEO of CEN Biotech, stated, "After
canvassing the market of seed to sale software, we determined that
the M3Hub Seed to Sale Tracking platform meets and exceeds the
requirements as demanded by our facility and the governing
regulatory authorities. These conclusions were made after carefully
reviewing the screen shots and live demo of the software."
The M3Hub Seed to Sale Tracking platform meets and exceeds
Health Canada's compliance thresholds:
M3Hub creates a web of traceable connections between all the
critical touch points in the supply chain processes, tracking all
activity from the origin of the seed to germination, cloning,
nutrients, pesticide, fungicide, soil management, space
conditioning, plant rotation, bud tending, "scrogging," harvesting,
drying, processing, packaging, shipping, receiving, and sale to the
end user/patient.
M3Hub also integrates security monitoring, personnel ID
verification, RFID and barcode technology. The features provide a
level of compliance that exceeds government level requirements. The
touch points are varied and complex and the M3Hub platform offers
the quickest path for licensed producers to efficiency and
compliance and gives them the tools to optimize quality control,
yield, growth cycles, strain management, processing, packaging and
client management.
The M3Hub supply chain management system is integrated
seamlessly between growers, processors and retailers. As applied to
the Seed to Sale cycle, M3Hub has been shown to increase overall
process efficiencies and productivity by up to 40% through
accelerated crop cycles, reduced labor costs, improved product
quality, inventory control, process management, improved customer
experience and regulatory compliance.
M3Hub system components have been utilized in the trucking and
shipping industries, agriculture grow operations, pharmaceuticals,
CRM and POS applications for the past 10 years. The systems have
been customized to uniquely provide the controls necessary to
manage all medical marijuana processes and features down to their
smallest components and derivatives.
A variable set of applications provides a complete set of
services for each type of operation along the supply chain and each
can be customized to the specific needs of growers, processors and
vendors. These applications include:
- User Account Management
- Business Definition
- Inventory Management
- Sales Management
- Shipping/Transfer Tracking
- Reporting
- Data Tracking
- Customized Automation
- Regional Data Management
- Point of Sale or Final Transaction Assistance
M3Hub plans to expand its collaboration efforts with producers
in new legalized markets both in the US and internationally and
develop Seed to Sale management solutions that are market specific,
adaptable for international trade, scalable, secure and compliant
and will ultimately provide standardization for the Cannabusiness
Industry.
About Endexx : www.endexx.com, www.gsgsolar.com, www.m3hub.com,
www.autospense.com, www.THCFinder.com
Endexx Corporation is a micro-cap publicly traded company,
representing the interest of its shareholders and collaborating
with independent software developers, scientists, engineers, and
other companies to build businesses that can thrive collectively in
the equity markets. Endexx's team recognizes that individually
small companies with new technologies have an extremely difficult
time sustaining themselves as stand-alone companies. Through our
collaborative practices, individual and group skill sets are better
utilized to develop technology and grow the business, while
centralizing costs and eliminating redundancies.
The Endexx management team and its advisory group each have at
minimum 10-50 years of experience in their respective fields. The
business professionals associated with the direction of the company
all have experience growing businesses, developing and implementing
new technologies and running publicly traded corporations.
Endexx Corporation is ultimately structured to provide a
platform for entrepreneurs to thrive, offering maximum return on
investment through equity ownership in the parent corporation. Each
individual is a shareholder and is encouraged and self-driven to be
successful and contribute to the overall objective of increasing
shareholder value.
Contact Endexx via email to receive corporate news and updates
at Endexx@endexx.com.
http://www.otcmarkets.com/stock/EDXC/quote
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"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, such as statements
relating to financial results and plans for future development
activities, and are thus prospective. Forward-looking statements
include all statements that are not statements of historical fact
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its directors or its officers. Investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, many of which are
beyond the Company's ability to control. Actual results may differ
materially from those projected in the forward-looking statements.
Among the factors that could cause actual results to differ
materially from those indicated in the forward-looking statements
are risks and uncertainties associated with the Company's business
and finances in general, including the ability to continue and
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other factors discussed in detail in the Company's periodic filings
with the Security and Exchange Commission. The Company undertakes
no obligation to update any forward-looking statements.
Contact: Todd Davis endexx@endexx.com
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