Globe & Mail 08:35 AM EST, 01/14/2021 (MT Newswires) -- Loop Insights Inc. (MTRX.V), a provider of contactless tech and artificial intelligence, on Thursday announced the signing of a Pilot Agreement with PharmAssist Solutions to implement Loop's analytics platform into multiple independent pharmacy affiliated locations in the UK.
Pharmassist is a pharmacy solutions provider that serves 15% of the UK market with 12,000 independent pharmacies.
Last November, Loop announced it had successfully completed a similar pilot at 20 stores and was rolling out to all 550 retail locations of Your CBD Store. In that press release, the company provided details with respect to its "Insights" pricing model including US$50 per month per till. Wth an average of four tills per retail location, this would equate to potential monthly recurring revenue of US$2.4 million or US$28.8 million annually, Loop calculated.
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