Rising Demand for Cannabis Creating Sizable Opportunity for Online Growth
Houston, Texas--(Newsfile Corp. - October 31, 2019) - MarijuanaStox announces publication of an article that discusses CannaOne Technologies (CSE: CNNA) (OTC: CNONF), which has been aggressively addressing the ecommerce needs of the growing cannabis industry, as a first-to-market software company.
The Top Companies Leading the Cannabis Race for Online Presence
As cannabis demand increases, and as more countries and states legalize its use, related companies are moving online. And much like traditional retailers, many are realizing that without an online presence, they're limiting their market reach.
Plus, the "online platform segment is anticipated to hold 42.6% market share by 2025. Rising demand from numerous countries and states to legalize cannabis would fetch more orders online as it is very convenient for people to opt for mail orders," says Global Market Insights.
That's where companies like Shopify can help.
While Shopify doesn't sell or grow cannabis, companies that do so are using its platform to bring in sales. In fact, Shopify just introduced new features to help cannabis retailers establish online presence. So far, the company has been active in the Canadian market, already providing a platform for the Ontario Cannabis Store.
It also just expanded, opening its commerce platform to cannabis companies in the U.S.
"Shopify has unmatched expertise in emerging industries, along with the resources merchants need to be successful in the fast-growing market of hemp-derived CBD products in the U.S.," Shopify COO Harley Finkelstein said.
However, while big companies like Shopify are just now getting on board to help cannabis companies flourish online, they're late to the game. Others, like CannaOne Technologies Inc. (CSE: CNNA) (OTC: CNONF), a first to market online ecommerce solution developed around cannabis products and consumers has been in the business for quite some time.
Software the Missing Ingredient for Cannabis Industry Success
First-to-market company, CannaOne Technologies created the BloomKit software suite to offer cannabis companies a turnkey solution that connects cannabis retailers to consumers, while also offering dispensaries a way to successfully sell their products online.
All a necessity with today's explosively growing cannabis industry.
Better, in recent months, the company launched its BWell CBD online marketplace, establishing CannaOne as one of the first CBD focused online marketplaces in a multi-billion-dollar industry.
CannaOne Technologies CEO, Mr. Riby-Williams, commented, "We're also pleased that we've put supports in place to engage with the current and prospective investors. As our US CBD Marketplace BWell (https://thebwellmarket.com/) continues to grow its customer base and product offerings and with the prelaunch of the UK CBD Marketplace expected to be undertaken in the near-term, it is no surprise to us that it seems that investors are most curious to learn more about the developments."
"Our engagement of these two (2) highly reputable and vastly experienced Investors Relations organizations should definitely assist us to provide swift, clear and concise updates to our current and prospective shareholder base as it pertains to the current developments of our business activities and overall expansion plans," he added.
For more information, visit the company's website at CannaOne Technologies Inc.
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.MarijuanaStox.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.
For making specific investment decisions, readers should seek their own advice. Winning Media, which has a partnership with www.MarijuanaStox.com, is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement between Winning Media (partners of MarijuanaStox.com) and CannaOne Technologies Inc., Winning Media has been paid four thousand dollars for advertising and marketing services. We own ZERO shares of CannaOne Technologies Inc. Please click here for full disclaimer.
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