Bayport International Holdings, Inc. Announces Development of E-Commerce Platform For Weedwiser.com
Dallas, TX, Dec. 05, 2017 (GLOBE NEWSWIRE) — Bayport International Holdings, Inc. (OTC Pink: BAYP) is currently developing and testing an e-commerce functionality to its flagship cannabis technology platform, Weedwiser.com. Soon consumers will be able to visit Weedwiser.com and shop for legal cannabis-related apparel, clothing, accessories, and more.
Bayport has already begun to work with vendors, distributors and manufacturers of legal Cannabis products to provide a broad base of consumer cannabis related products with a similar shopping experience to Amazon, eBay, Target and many other large commercial retail e-commerce sites.
The Company plans to launch the new add-on within the next several weeks and is in the process of contacting distributors, manufacturers, and other companies in order to build out its digital store catalog. Through a lean drop shipping strategy.
President Clay Franks stated that, our goal is to have a complete online catalog of selling upwards of 15,000 products through the website by end of first quarter 2018. Although we would start adding in products as soon as the development and launch is complete.
Adding drop shipping e-commerce capabilities will allow Bayport to begin monetizing Weedwiser without the need to maintain costly overhead, warehouse maintenance, and other costs associated with holding inventory. Instead, Weedwiser will connect consumers with sellers and receive a commission for each sale that occurs on the platform.
As an early indication of how the platform promises to create synergies across the different business verticals, partner company: Green link Financial will help facilitate the new merchant account for the new Cannabis eCommerce platform soon to be incorporated into weedwiser.com.
Bayport continues to put the finishing touches on its other cannabis technology platform, which is expected to be unveiled shortly. Recent research by Arcview Group puts industry growth at 26% annually for the foreseeable future. The transition to recreational use in California, this January will drive a massive shift of the user base especially with the focus of determining whether THC and CBD (the components of cannabis) are viable alternatives to opiates. Bayport will benefit from all of these tidal shifts in the industry.
About Bayport International Holdings, Inc. (OTC PINK: BAYP):
Bayport International Holdings, Inc. is a holding company active within the cannabis technology industry. Through its Weedwiser.com digital platform, the company seeks to be a leader in the emerging cannabis technology industry. Furthermore, the company is currently evaluating acquisitions within the industry. Learn more about the company by visiting http://www.weedwiser.com and http://www.bayportholdings.com.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Bayport International Holdings, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. 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 Bayport International Holding’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Bayport International Holding’s filings with the Securities and Exchange Commission.
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