Lift & Co. Adds Adobe Advertising Capabilities to its Cannabis Consumer Insights Platform, Cohesion
December 04 2019 - 7:00AM
Lift & Co. (TSXV: LIFT) (OTCQB: LFCOF) (the “Company”) is
pleased to announce it has strengthened the power of its upcoming
Cohesion Segmentation - powered by Nielsen
offering with a license to utilize the Adobe Advertising Cloud
demand-side-platform (DSP).
Widely adopted across the digital marketing landscape, Adobe
Advertising Cloud’s DSP delivers advertising along multiple media
and digital platforms to targeted consumers. Adding Adobe’s DSP to
Cohesion, specifically to Cohesion
Segmentation - powered by Nielsen, will enable
Cohesion clients to understand their target consumer segments and
their likely purchase habits, and then seamlessly deliver to these
segments compliant programmatic advertising and digital media buys,
all through the Cohesion platform.
“To date, cannabis companies establishing legacy brands and
bringing new products to-market have been unable to leverage robust
CPG-like approaches, including actionable consumer insights.
Cohesion Segmentation - powered by Nielsen is a first-of-its-kind
sophisticated tool to reach cannabis consumers and profile their
spending,” said Matei Olaru, CEO, Lift & Co. “By adding Adobe,
Cohesion clients will benefit from targeted digital advertising
capabilities otherwise unavailable in cannabis.”
Launched in September 2019, the Company’s
Cohesion platform is already being used by
licensed producers across the country. The platform generates
proprietary insights by combining millions of consumer and
budtender data points accumulated through verified reviews,
purchase receipts and brand research on the Lift.co and CannSell
platforms.
In November 2019, Lift & Co. announced an industry-first
cannabis consumer profiling and segmentation tool, Cohesion
Segmentation - powered by Nielsen, expected to launch in
early 2020. Lift & Co.’s digital retargeting capabilities
leveraging the Adobe Advertising Cloud DSP will become available as
part of this tool in early 2020. The Company estimates that
Cohesion Segmentation - powered by
Nielsen clients will be able to increase
click-through-rates by over 20% and reduce digital customer
acquisition costs by as much as 30%.
About Lift & Co.
Lift & Co. is a publicly traded technology company
modernizing the cannabis industry.
Forward-looking statements
This news release and each of the documents referred to herein
contains “forward-looking information” within the meaning of
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Although Lift & Co. has attempted to identify important
factors that could cause actual results, performance or
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SOURCE Lift & Co. Corp. (“Lift” or the
“Company”)
For further information:
Lift & Co.Sara McMillenDirector of Communications and
Government Relations416-220-9536smcmillen@lift.co
Nikki LaoutarisCommunications
Manager647-464-0148nlaoutaris@lift.co
Investor Relations:Thesis CapitalPrit
Singh905-510-7636psingh@thesiscapital.ca
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