Proactive Investors - Run By Investors For Investors

Alchemist strikes strategic partnership deal with Agua Technologies

Alchemist and Agua will deploy the Aqua suite of software and hardware products to cannabis operators throughout the US
handshake and US flag
Alchemist and Agua will deploy the Aqua suite of software and hardware products to cannabis operators throughout the USA

Alchemist Inc (CSE:AMS), a company transitioning from gold exploration to cannabis sector technology, told investors it had signed a strategic partnership agreement with Agua Technologies.

Under the deal, Alchemist and Agua will deploy the Aqua suite of software and hardware products to cannabis operators throughout the US.

In a recent Proactive interview (see below), Paul Mann, the group's president, said the integration of the Aqua suite with its software-as-a-service (SaaS) Oddysee platform "affords us unparalleled

insight into the pre- and post-licence requirements of cultivators, manufacturers, operators, distributors, delivery companies and dispensaries."

Sesie Bonsi, Agua Technologies' CEO, added: "We are excited to form this strategic partnership with Alchemist to expand our market reach and deliver real-time, insightful supply chain data and financial services for cannabis business operators globally.

"The executive team at Alchemist share a similar vision with the executive team at Aqua with respect to emerging market technology serving the cannabis industry," she said. "Paul and the Alchemist leadership team bring a wealth of experience and knowledge that complement Aqua's business objectives."

Alchemist said that both groups would continue to explore other opportunities to further expand the strategic partnership and enhance the user experiences for all users.

The strategic partnership agreement will see the two firms share revenue on a 50:50 basis from net proceeds generated from all clients contracted under the partnership.

The firm has earmarked January 2019 as the time when its change of business would be fully completed.

View full AMS profile View Profile

Alchemist Inc Timeline

Related Articles

Digital Marketing
June 10 2019
"The group has had a good start to the year," chairman David Morrison said.
Two puzzle pieces lined up but separate
April 30 2019
The company is executing changes to its main undertaking to become Dataglobal.
The company expects to open its vault for even more cash takings
January 21 2019
Contracted revenues were $3.7 million last quarter but didn’t include Solo app sales for Samsung watches.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use