• Shatterizer Inc. a rapidly growing Canadian vaporizer company
• Strong volume growth expected
• YPB-Namaste Cannabis Confirmed initiative progressing rapidly
Anti-counterfeit and customer engagement solutions provider YPB Group Ltd (ASX:YPB) is pleased to announce a three year exclusive supply agreement with Shatterizer Inc., the fourth client under the “Cannabis Confirmed” initiative with leading Canadian cannabis e-commerce hub, Namaste Technologies Inc.(TSXV: N)(OTCQB: NXTTF)(FRA: M5BQ).
Shatterizer Inc. is an established Canadian vaporizer brand leading in hardware for cannabis concentrates. The Shatterizer brand and the whole Canadian cannabis industry is gearing up for growth following the legalisation of recreational cannabis in Canada on 17 October 2018. Capital is pouring into the sector with the top 12 Canadian cannabis companies having a combined market capitalisation of CND55 billion.
YPB and Shatterizer have signed a three year exclusive agreement whereby YPB’s ProtectCode will be applied to all of Shatterizer’s cannabis concentrates vaporizers and accessories. Almost all major vaporizer brands have counterfeit versions in the market and more recently this has extended to fake cannabis oils and the proliferation of synthetic cannabinoids.
“We are thrilled to apply YPB’s advanced technology and align with such a specialized and talented team. Through this partnership we look forward to creating an elevated and even more perfect seamless global customer service experience, with the positive potential to protect our diverse and growing products, accessories and brand. To date we are not aware of any counterfeit Shatterizers in market, but given the industry wide threatening trend, we want to be ahead of the curve to protect our customers” said Matt Zysman, inventor and company co-founder.
Namaste Technologies is a global leader in cannabis e-commerce and has partnered with YBP to provide an industry-wide authentication and consumer engagement solution called “Cannabis Confirmed” to global cannabis industry companies. The Cannabis Confirmed initiative seeks to stamp out fakes by enabling cannabis brand customers to confirm the authenticity of their product after purchasing online by scanning a unique serialised QR code – a ProtectCode – on the product packaging. Authenticity triggers engagement and this interaction connects the physical product to the digital world, enabling direct brand to customer engagement via smartphone.
YPB’s Executive Chairman John Houston said: “Our early and swift success in the cannabis sector bodes well for our plans. Together, our ideal solutions and Namaste’s market power create the prospect of Cannabis Confirmed becoming the authentication standard for the legal cannabis industry globally.”