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Tue, Dec 17, 2019

Cannabis Company Strikes Deal For Potential Drone Delivery

GRN Holding Signs Letter Of Intent For Purchase Of Squadrone

A non-binding letter of intent has been signed between GRN Holding Corporation and Squadrone that will allow the cannabis company to purchase the drone operator.

But don't expect drones to be dropping pot at your door. The intent of the deal is to launch a B2B delivery drone program for the hemp and cannabis industries.

Yahoo Finance reports that the drones would be outfitted with a cashless payment system to allow for closed-loop payments on delivery.

"It is CannaTrac's mission to help improve safety across the hemp and cannabis industries. The drone cannabis delivery partnership allows us to do exactly that, while simultaneously assisting in revolutionizing policy, technology, efficiency and cost across the industry all at once. We are so privileged to be a part of this groundbreaking program," Thomas Gavin, CEO of CannaTrac, told Benzinga.

FMI: Source report

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