Calyx Bio-Ventures Enters MOU Regarding Software
Calyx Bio-Ventures Inc. (TSXV:CYX) announced that Cannigistics Agri-Solutions Corp., its subsidiary, has entered into a memorandum of understanding (MOU) with a third party. It is regarding the implementation of Cannigistics’ software.
As quoted in the press release:
The MOU, which has been signed with a well-funded Canadian company that is in the advanced stages of review for a license from Health Canada under MMPR, creates the framework under which Cannigistics’ software and information technology will be integrated with various elements of the third party’s operations, thus enhancing its current capabilities.
Roger Forde, president and CEO of Cannigistics, commented:
We are excited to have entered into our first agreement with a downstream user in this space. This validates the strategy that Cannigistics has established to provide technology solutions addressing key requirements of companies operating in this sector. We are looking forward to a long and mutually beneficial commercial relationship from this MOU.