Chicago, Illinois–(Newsfile Corp. – December 9, 2020) – Blue Diamond Ventures Inc. (OTC Pink: BLDV). The Medical and Adult-Use cannabis industry is one of the most rapidly growing areas of business development in the world. Add Hemp and CBD and you have a massive market opportunity. Licenses in this emerging space have traditionally gone to bigger Multi-State Operators and in some markets significant capital must be invested in advance to achieve a license, followed by even larger sums for build-out and compliance.
Last year Harvest 360, a wholly owned subsidiary of BLDV, led the industry by assisting multiple social equity applicants to submit applications for the 75 new Adult-Use dispensaries offered in Illinois. Since then, Harvest 360 and Cognitive Harmony Technologies (CHT) have been collaborating on an AI software solution that will transform the application and scoring process. “These new tools will allow us to reduce the cost of the process by close to 90% and may provide state regulators with an autonomous scoring potential,” said David Serrano, Business Development Chief for BLDV, and leader of the social equity efforts at Harvest 360. “This is a real game changer”, continued Serrano. “Illinois will allow us to showcase this tech and then we expect to deploy in New Jersey, Arizona, and other emerging cannabis markets.”
Walter Moore, CEO of CHT, is one of the main architects of this exciting software solution and is personally leading the collaboration with Harvest 360 to bring these tools to market. “We are excited to have Harvest 360 on board as the enabler to bring these tools to social equity applicants,” said Moore. “With Harvest focused on the market side, we can drive product development internally based on real market needs, creating an innovation feedback loop capable of bringing unprecedented accessibility to the cannabis industry.”
Harvest 360 CEO Todd Scattini will be moderating a panel discussion on Social Equity at the Cannabis Industrial Marketplace Virtual Trade show starting today, link to show. During this panel discussion, David Serrano, featured panelist will discuss how a powerful software solution of this type will drive social equity and continue to position Harvest 360 as a leader in the cannabis industry. “This work is being integrated into a broader strategy established by IL Representative La Shawn Ford in Illinois to provide resources and assistance to social equity applicants and reduce the barriers of entry for communities most impacted by the war on drugs,” continued Serrano. “This is perhaps the most exciting development I have seen in the cannabis industry.”
About BLDV – Harvest 360 Technologies – H360 Labs Inc.
Blue Diamond Ventures, Inc. and its operating entities seek to partner with individuals and companies that share a common synergy, mission and vision to enable products/services that are produced, delivered and consumed utilizing fewer natural resources, providing a sustainable alternative to traditional products on the market today. As a diversified customer centric holding company; Blue Diamond Ventures Inc. seeks opportunities in medical & adult-use cannabis markets and is driven by critical thinking, the scientific method, positive outcomes for Veterans, and Social Equity.
Cognitive Horizon Technologies
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/69858