Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV:DM, FSE:D4G) is pleased to announce that its newly formed subsidiary, Canntop AI Inc. (“Canntop AI”), will leverage Nexalogy’s strong experience working on AI solutions for the vaping sector. Canntop AI will continue to use Nexalogy’s technology to become a leading provider of social data analysis in the Cannabis space.
Nexalogy has a multi-year track record of successfully working with various Canadian federal agencies including Health Canada. One of the programs Nexalogy has worked on with Health Canada was focused on the vaping industry. Nexalogy’s technology targeted key trends and social discovery, allowing Health Canada to have deeper insight into usage and patterns. As a proven solution provider to the Federal Government, we believe that we are well positioned to bid on new projects providing social data insights to multiple agencies. The Cannabis sector is expected to grow significantly, generating massive amounts of social data that will need to be collected, scrubbed and analyzed.
We created Canntop AI to focus on the Cannabis sector as we have seen the positive results of our solutions and work in the vaping area and anticipate that the Cannabis space will benefit strongly from our technology. Canntop AI will focus on the Cannabis market, including insight and analytical data on cosmetics, CBD, recreational and medical use, as well as consumables.
“This is a tremendous opportunity for Datametrex to build on existing relationships and previous contracts with various Government Agencies. We believe there will be tremendous demand by various groups for clear, concise and actionable social data analysis surrounding the Cannabis sector. Creating Canntop AI demonstrates our commitment to becoming a global leader in this marketplace,” says Andrew Ryu, CEO and Chairman of the Company.
Datametrex AI Limited is a technology focused company with exposure to four exciting verticals. Big data, Artificial intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Implementing Blockchain technology for secure data transfers through its joint venture company, Graph Blockchain Limited (www.graphblockchain.com). Industrial scale cryptocurrency mining through its wholly owned subsidiary, Ronin Blockchain Corp. (www.roninblockchain.com).
Additional information on Datametrex is available at: www.datametrex.com
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This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Except as required by law, the Company does not assume and expressly renounces any obligation to update any forward-looking information, which is only applicable on the date on which it is given.