European Expansion of Cannvas Continues With Strong Focus on Intelligent Cannabis Education for Emerging $8B Market

Published: July 11, 2019

European Expansion of Cannvas Continues With Strong Focus on Intelligent Cannabis Education for Emerging $8B Market

Cannvas MedTech Inc., a digital cannabis education and analytics company, announced its planned expansion into Europe is on track with a renewed focus on providing consumer-facing intelligent cannabis education to potential and active medical and adult-use cannabis consumers through its international cannabis education platform Cannvas.Me. With its expansion into Germany underway, Cannvas is turning their attention to the United Kingdom as well as other emerging cannabis markets across the EU.

“Over the past few months many progressive European countries began or continued the legalization of cannabis in some form, and there is a responsibility from the government and health care agencies to educate the public about all aspects and applications of this substance,” said Shawn Moniz, Chief Executive Officer, Cannvas MedTech. “While we focus on growing Cannvas in such countries as the United Kingdom, Germany and others, we are refining our Cannvas.Me cannabis education platform to intelligently meet the needs of European consumers looking to learn more about cannabis in all its forms.”

With over 350 original and evidence-based educational articles encompassing all aspects of cannabis, Cannvas is refining the machine-learning and AI technologies driving its learning platform to better serve European audiences content addressing their needs. Through the use of intelligent education on its learning platform Cannvas.Me, Cannvas plans on contributing to the cannabis knowledge landscape across Europe by delivering unbiased and evidence-based information relevant to specific concerns of individual users and/or groups of users from the same geographical area.

Further to its announcement in 2018 regarding expansion into Germany, one of the fastest growing medical cannabis marketplaces in the world, Cannvas is exploring ideal locations to potentially set up operations in one or more central European locations, pending the outcome of ongoing high-level conversations with potential EU partner organizations.

Additionally, the company proposes to raise up to $2,000,000 through a non-brokered private placement of up to 10,000,000 units at a price of 20 cents per unit. Each unit will consist of one common share and one transferable warrant exercisable at 30 cents per share for a period of two years. The proceeds will be used for developing the technology platforms and general working capital.

Additionally, the Company announces that it has issued an aggregate of 756,097 common shares of the Company at a deemed value of $0.205 per share to certain consultants as consideration for past services provided to the Company.