Lift & Co. begins to expand into the United States through partnership with Enlighten
December 05 2019 - 7:00AM
Lift & Co. Corp. (“Lift & Co.” or the “Company”) (TSXV:
LIFT) (OTCQB: LFCOF) is pleased to announce a partnership with
Enlighten, a leading technology provider in the cannabis industry,
that will expedite the development of Lift & Co.’s US product
listings site, slated for launch in early 2020. The licensing
partnership agreement is for a minimum of 24 months from November
25, 2019.
This partnership will allow Lift & Co. to leverage years of
product and data insights aggregated by Enlighten, enabling the
development of a market-leading, comprehensive marketplace of legal
US cannabis products on the Lift.co platform.
“With this partnership, we are strategically poised to replicate
the success of our Canadian platform for the legal cannabis market
in the United States,” said Matei Olaru, CEO of Lift & Co. “We
are excited to work with a technology- and education-first
organization like Enlighten in the development of our cannabis
review site for US consumers.”
According to its Chief Information Officer, Jeff Such,
“Enlighten has closely followed Lift & Co.’s ascension to the
forefront of the Canadian cannabis industry, engaging consumers
with expertly crafted content while providing brands and operators
with invaluable data-driven insights. We are thrilled to partner
with such a respected platform as they enter the US market.”
This announcement comes on the heels of the launch of
Cohesion, Lift & Co.’s consumer insights
platform which draws from the millions of cannabis consumer and
budtender data points accumulated through verified strain reviews,
purchase receipts and brand research, and Cohesion Consumer
Segments – powered by Nielsen, an industry-first cannabis consumer
profiling and segmentation tool. The presence of US cannabis
products will drive US user traffic to Lift.co and position the
Company to launch US versions of its lift.co and CannSell platforms
with direct marketing in over 1,000 retail locations. The footprint
enables Lift & Co. to engage US consumers and budtenders and in
turn offer insights on the US market through the Cohesion
platform.
This summer, Lift & Co. made its first announcement for
market expansion into the United States through a partnership with
Marijuana Business Daily to collaborate on US and Canadian cannabis
conferences. Representatives from Lift & Co. will be available
at MJBizCon Las Vegas this December 11-13.
About Lift & Co.Lift & Co. (TSXV: LIFT)
(OTCQB: LFCOF) is a publicly traded technology company modernizing
the cannabis industry.
About Enlighten:Enlighten is a leading
technology provider in the cannabis industry, bringing cutting edge
retail technology and media solutions to more than 1,200 customers
across the U.S. and Canada. One of the longest-tenured and most
well-funded companies within cannabis, Enlighten’s multi-faceted
ecosystem touches tens of millions of consumers. With its
education-forward approach, Enlighten helps partners grow their
brands and build relationships with customers through a variety of
solutions that reach the largest possible cannabis-focused
audiences as the company serves more than two billion ad
impressions per year.
For more information about Enlighten please visit
getenlightened.io
Forward Looking StatementsThis news release and
each of the documents referred to herein contains “forward-looking
information” within the meaning of applicable Canadian and United
States securities legislation. All statements, other than
statements of historical fact, included herein are forward-looking
information. Often, but not always, forward-looking information can
be identified by the use of words such as “plans”, “is expected”,
“expects”, “scheduled”, “intends”, “contemplates”,
“anticipates”, “believes”, “proposes” or variations (including
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state that certain actions, events or results “may”, “could”,
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are based on assumptions and subject to risks and uncertainties.
Although management believes that the assumptions underlying these
statements are reasonable, they may prove to be incorrect. The
forward-looking events and circumstances discussed in this press
release may not occur by certain specified dates or at all and
could differ materially as a result of known and unknown risk
factors and uncertainties affecting the Company.
Although Lift & Co. Corp has attempted to identify important
factors that could cause actual results, performance or
achievements to differ materially from those contained in the
forward-looking statements, there can be other factors that cause
results,performance or achievements not to be as anticipated,
estimated or intended.
There can be no assurance that such forward-looking statements
will prove to be accurate or that management's expectations or
estimates of future developments, circumstances or results will
materialize. Accordingly, readers should not place undue reliance
on forward-looking statements.
The forward-looking statements in this news release are made as
of the date of this release, and subject to change after such date.
The Company disclaims any intention or obligation to update or
revise such information, except as required by applicable law, and
the Company does not assume any liability for disclosure relating
to any other company mentioned herein.Neither the TSX Venture
Exchange nor its Regulation Services Provider (as the term is
defined in the policies of the TSX Venture Exchange) accept
responsibility for the adequacy or accuracy of this
release.
SOURCE Lift & Co. Corp.
For further information:
Lift & Co.Sara McMillenDirector of Communications and
Government Relations,416-220-9536smcmillen@lift.co
Investor Relations:Thesis CapitalPrit
Singh,905-510-7636,psingh@thesiscapital.ca
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