U.S.: CannLabs, Amercanex Partner On 'First Fully Electronic Cannabis Marketplace'

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CannLabs subsidiary StrainData to provide certification and quality assurance to wholesale cannabis exchange

By Steve Elliott
Hemp News

Could these guys become the Carfax of cannabis? Two American companies in the cannabis industry this week announced a partnership that they say will result in the nation's "first fully electronic cannabis marketplace."

CannLabs, Inc. on Tuesday announced an agreement through its subsidiary StrainData to provide CannLabs’ certified testing data to the Amercanex Cannabis Exchange. Amercanex is the first fully electronic cannabis marketplace in which cultivators, wholesale distributors and retail vendors can buy, sell, or exchange their inventories in a fully transparent intrastate market.

A recent Huffington Post article called the legal cannabis industry “the fastest growing industry in the United States.”

Amercanex will extend its marketplace services to include, through StrainData, CannLabs’ cannabis potency and contaminant testing data. The StrainData search engine features “CannLabs certified” cannabinoid profiles for an exclusive network of premium cannabis providers.

By empowering growers and dispensaries to share their testing data in real-time, StrainData says it offers exchange members the ability to make informed decisions when purchasing cannabis.

“Powered by CannLabs’ analytics, this partnership will provide the wholesale market with the most trusted testing data in the industry,” said Mark Mirken, CEO of CannLabs, Inc. “StrainData’s technology is a unique application providing a “Carfax” like resource for the wholesale market.”

“The ability for StrainData to scale into the wholesale exchange market will drive additional revenue opportunities for CannLabs, Inc.," Mirken said. "It creates a standard of trust which exchange members will realize greater value for CannLabs certified products.”

“In order for the cannabis industry to grow and safely reach its potential, it needs a trusted, objective resource,” Mirken said. “StrainData is the perfect solution for industry stakeholders, including wholesale exchanges.

"Every product on StrainData has gone through the exact same testing regimen, creating an objective, consistent analysis of fresh harvests,” Mirken said.

“By integrating the highly-sophisticated StrainData technology into our marketplace offer, Amercanex members can quickly identify laboratory tested product before point of sale,” said Steve Janjic, Amercanex CEO. “This advancement provides our members with the additional value-added services they need amid ever-changing reporting regulations, and enhanced certainty for buyers who are demanding lab-certified cannabis.”

About CannLabs

CannLabs, Inc., is a an advisor to commercial, governmental and educational entities focused on the cannabis industry.

Through Carbon Bond Holdings, Inc., the Company licenses cannabis testing methodologies, proprietary cloud-based business intelligence, data/analytics and consulting services to garner revenues from legalized cannabis states and their constituents. The Company has licensed cannabis-testing laboratories in Colorado and Connecticut and robust intellectual property, including the patent-pending technology utilized in its newly launched web application, StrainData™.

For more information visit www.cannlabs.com.

About Amercanex

Amercanex (American Cannabis Exchange) is the web-based user-interface to the Electronic Cannabis Marketplace (ECM), offering a comprehensive suite of tools and solutions tailored to address a diverse client base. The proprietary platform ensures that only product, quantity, and best-available pricing are shown, thus ensuring a completely transparent, neutral and non-manipulated free-market where supply and demand are the only factors affecting price discovery.

To learn more about Amercanex, visit www.amercanex.com