This Letter of Intent involves
Title: CANNASYS, INC. ANNOUNCES LETTER OF INTENT TO ACQUIRE CITIZENTOKE FROM BETAKILLERS, LLC
Industry: Business Services Sector: Services
CANNASYS, INC. ANNOUNCES LETTER OF INTENT TO ACQUIRE CITIZENTOKE FROM BETAKILLERS, LLC
DENVER, May 09, 2016 (GLOBE NEWSWIRE) -- CannaSys, Inc. (OTC QB:MJTK), a leading marketing, branding and technology company focused on the regulated cannabis industry, today announced it has signed a letter of intent to acquire CitizenToke, an innovative new deals communication platform for the cannabis industry, from BetaKillers, LLC, a Denver based innovation laboratory and development firm. Terms were not disclosed.
CitizenToke, initially a mobile web based platform, will communicate deals and distribute coupons to cannabis consumers and patients through a unique text message based system. The system is designed not only to enhance consumer's retail experience but also provide incentive for consumers to download and redeem coupons in a timely manner.
Ben Tyson, co-founder of BetaKillers, noted, "The launch of CitizenToke will disrupt the way in which consumers interact with retailers in the regulated cannabis industry. In partnership with CannaSys, we believe we can more effectively democratize the way consumers and patients receive timely, interactive deals from dispensaries."
BetaKillers, in partnership with CannaSys, is readying CitizenToke's launch into the market in partnership with several launch partners. As part of the transaction, BetaKillers' core team will work with CannaSys to launch and bring to market the CitizenToke product, including providing timely enhancements and ongoing marketing support.
"We are excited to launch our new product partnership with BetaKillers, a sophisticated group of developers with a keen eye for the consumer," said Michael Tew, CEO of CannaSys. "We have big plans for CitizenToke. Leveraging our existing partnersh