Working Together to Enhance Cannabis Education and User Experiences
Across Both Platforms
TORONTO, Aug. 20, 2018 /CNW/ - Cannvas MedTech Inc.
("Cannvas" or the "Company") (CSE: MTEC, Frankfurt: 3CM), a leading business
technology company in the cannabis space, and CanvasRx, a wholly owned subsidiary of Aurora Cannabis Inc. operating 29 clinics
across Canada, are pleased to announce the signing of a letter of intent (the "LOI"), to
negotiate, in good faith, a patient aggregation agreement after an exploratory period of up to six months during which Cannvas
and CanvasRx agree to mutually create data models through the Cannvas.me platform suited for CanvasRx's B2B and B2C
businesses.
"I look forward to working with Shawn and his team to create better methods to deliver information and education to medical
cannabis patients across Canada," said Peter Vuong, Chief
Executive Officer, CanvasRx. "I recognize the value of data and data analytics and I feel by working together with Cannvas we can
leverage our respective strengths to create something very powerful."
"I am very pleased to announce a letter of intent with Aurora Cannabis' CanvasRx to explore a broader patient aggregation
agreement during a short exploratory time period," said Shawn Moniz, Chief Executive Officer,
Cannvas MedTech Inc. "CanvasRx is known as Canada's trusted resource and marketplace for medical
cannabis users and with 29 clinics operating across the country has become a leading channel for cannabis products, information
and education. We expect CanvasRx to gain new insights from our advanced data aggregation and data analysis technology. By
combining our data, we will gain deeper industry insights for business planning and product development purposes and we will work
together to create various revenue generation avenues."
With strong partnerships, a network of clinics, and access to, and information on hundreds of strains of medical cannabis from
the top Licensed Producers in Canada, CanvasRx has developed a powerhouse of education and
information for the cannabis industry. People use CanvasRx to learn about medical cannabis, find knowledgeable doctors, select
strains and track their outcomes with Patient Reporting tools developed by physicians.
During the exploratory period, Cannvas will develop specific parameters within its existing Cannvas Data framework to collect
data and analytics from CanvasRx and their strategic partnerships, and provide CanvasRx with access to the Cannvas.me dataset.
CanvasRx will benefit from using Cannvas.me proprietary databases and algorithms to gain insights to their existing and future
membership base. The two companies will work together to enhance user experiences across each respective online platform and
explore ways to improve the overall education of visitors in a non-biased and independent method, including positioning the
Cannvas.me educational platform within the CanvasRx chain of medical cannabis clinics.
Cannvas Data is the analytics branch of Cannvas MedTech. Its mission is to collect data from credible sources to enhance user
personal data algorithms for Cannvas.me. Cannvas Data will leverage existing databases, site traffic and advanced technology for
marketing purposes, and will leverage its comprehensive solution for the global cannabis community.
About CanvasRx
CanvasRx is Canada's trusted resource and marketplace that enables users to develop a better
understanding of medical marijuana, its uses and the strains and licensed products available in Canada.
About Cannvas MedTech Inc.
Cannvas MedTech is a leading business technology company in the cannabis space. We design and build customer-centric solutions
that enable our partners to harness the power of data to truly understand their customers, industry, and key business
drivers.
No stock exchange or securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy
of this release.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that
describe the Issuer's future plans, objectives or goals, including words to the effect that the Issuer or management expects a
stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature,
they involve inherent risks and uncertainties. For a description of the risks and uncertainties facing the Company and its
business and affairs, readers should refer to the Company's Management's Discussion and Analysis and other disclosure filings
with Canadian securities regulators, which are posted on www.sedar.com.
SOURCE Cannvas MedTech Inc.
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