Signal Bay Executes Strategic Partnership with Cannabis Benchmarks™
LAS VEGAS, Nev., June 24, 2015 /Weed Wire/ — Signal Bay, Inc. (OTC: SGBY) and Cannabis Benchmarks™ a division of New Leaf Data Services, LLC have announced a partnership for Signal Bay to provide expertise in the area of primary industry data research.
Signal Bay, which owns and operates the Cannabis Consultant Marketplace™ provides market expertise and data insights to develop Cannabis Benchmarks weekly assessment of cannabis prices. The assessment includes a national wholesale spot price and six-month forward curve, a summary of the drivers underlying the week’s price, as well as insights and viewpoints regarding the market fundamentals shaping the future price of cannabis. The Weekly Report can be viewed at www.cannabisbenchmarks.com.
“We are excited to announce Signal Bay’s partnership with New Leaf Data Services. Our expert consultants’ deep knowledge of the cannabis industry–including cost drivers and pricing trends–position us to be a leading contributor to Cannabis BenchmarksTM, the industry’s first independent arbiter of market prices.” says Lori Glauser, President and COO of Signal Bay Inc.
“Our assessments rely largely on bi-lateral transactions that are either unreported or significantly delayed when made public. Real-time data is critical to performing accurate price assessments. Signal Bay provides an important avenue to transaction information to which market participants are particularly sensitive. They also provide us with another platform for promoting market price transparency to a broader audience of cannabis professionals.” said Jonathan Rubin, CEO of New Leaf Data Services.
About Signal Bay, Inc.
Signal Bay Inc., home of the Cannabis Consultant Marketplace provides research and expert consulting services to the legalized cannabis industry. CANNAiQ, Signal Bay’s information portal, provides current regulatory information, industry insights and current resources including the Medical Marijuana Desk Reference. Signal Bay Services provides advisory, agricultural and management services to licensed cannabis establishments. Learn more at www.signalbayinc.com.
About New Leaf Data Services, LLC
New Leaf Data Services was launched to offer a comprehensive portfolio of market fundamental data and analytics exclusively for the cannabis industry. The Cannabis Benchmarks™ division publishes and licenses benchmark price assessments and cultivation production cost data. New Leaf Data Services, LLC, is a wholly-owned subsidiary of New Leaf Capital Partners, a merchant banking firm providing capital and advisory services to businesses in the legal cannabis industry and related ancillary markets. For more information, please visit: www.cannabisbenchmarks.com
Notice Regarding Forward-Looking Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
William Waldrop, CEO Signal Bay, Inc.
Jonathan Rubin, CEO New Leaf Data Services
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