DENVER and VANCOUVER, British Columbia, April 05, 2022 (GLOBE NEWSWIRE) — SPOTLITE360 IOT SOLUTIONS, INC. (“SpotLite360” or the “Company”) (CSE: LITE) (OTC: SPLTF) (Frankfurt: 87A) announces that it has executed a master terms agreement dated March 30, 2022 (the “Master Agreement”), to create a strategic relationship with American Cannabis Consulting (OTCQB:AMMJ) (ACC) an arm’s length party to the Company. Denver, Colorado based ACC is a nationally recognized business-to-business cannabis consulting solutions provider and licensed owner operator with a number of significant brands and company relationships. As recently as February 25, 2022, ACC announced a partnership with the Bubba Kush cannabis brand.
Under the terms of the Master Agreement, both companies will work together in joint consulting engagements to leverage their combined strengths. SpotLite360’s recent announcement of acquiring a majority interest in E3 Service Group, combined with SpotLite360’s SaaS based technology and ACC’s deep history of indoor cannabis cultivation knowledge can offer best in-class design, build, total cost of ownership, production and financial returns. SpotLite360’s technology will provide supply chain transparency including the necessary proof of sustainability claims.
James Greenwell, President and CEO of SpotLite360, commented, “Our companies’ have a shared vision to assist our clients’ making data driven decisions – across a sustainable agricultural supply chain. SpotLite360 looks forward to working together with ACC to deliver process efficiency, support regulatory and compliance mandates, improves product quality and provide the consumer with the proof of ESG claims that they are now demanding. Our engineering designs and supply chain platform will drive best in class models for optimal agricultural cultivation.”
Both companies are currently working together on significant customer opportunities in seven (7) different states. Most projects are new construction opportunities with several in advanced discussions. Joint announcements are anticipated throughout the remainder of 2022.
Ellis Smith, founder and CEO of ACC, said, “Investors and operators agree, the future of cultivation is not based on old school mechanical systems, but technology, IOT, automation and data driven analytics. We believe consistent and repeatable high-quality product is a direct result of good design, good engineering, best practices, good systems, good data and good decisions. Together our companies’ will partner with our customers for more than a consulting agreement, or a design or an install but for decades of joint successes.”