Smart Cannabis Corp. (OTC Pink: SCNA) operates as a cannabis consulting and technology company. Shares of the cannabis company jumped 46% during trading on Tuesday, July 31, 2018. Over the past month, Smart Cannabis Corp. has seen average daily volume of 1.21 million shares. However, volume of 2.33 million shares of dollar volume of $102,520, exchanged hands during trading on Tuesday.
Shares of Smart Cannabis Corp. rallied on Tuesday, after the company announced it is actively installing the SMART App automation system across 18 greenhouses in Northern California. In addition, the systems have been installed within 50,000 sq. feet of greenhouse space, which was retrofitted by the company’s subsidiary, Next Generation Farming. Smart Cannabis Corp. also was able to secure subscription services from the client. This will include software, automation equipment, cameras, servers, and more. Here is the full press release detailing of the SMART App system installations:
Smart Cannabis Corp. Press Release:
SACRAMENTO, Calif., July 31, 2018 /PRNewswire/ — Smart Cannabis Corp. (OTC: SCNA) announced that it is actively installing their SMART App automation system in eighteen (18) Northern California greenhouses as well as within 50,000 square feet of greenhouse space that has been retrofitted by its subsidiary, Next Generation Farming. The team is on-site completing installations this week.
In addition to the SMART App automation system installation, the client is contracted for subscription services spanning the entire, massive project. The entire system includes software, automation equipment, cameras, servers, and subscriptions invoiced at nearly $300,000. Subscription services are contracted to be paid monthly.
Smart Cannabis (OTC PINK: SCNA) is a public equity corporation advancing the agriculture and cannabis industries and growing through acquisition, strategic alliances, and proprietary intellectual property. The company’s wholly owned subsidiary, Next Generation Farming Inc., provides turnkey, automated, commercial greenhouses systems that efficiently improve yields and decrease water consumption for cultivators of organic food and cannabis crops. The company websites are http://smartcannabis.com https://sapinvestments.com https://smartcannabis.com/nextgenfarming
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. The company may make forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates that reflect the company’s best judgment based upon current information. All investments involve risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public announcements.