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Bayport International Holdings Inc (OTCMKTS:BAYP) Introduces Technology Platform Initiative

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Bayport International Holdings Inc (OTCMKTS:BAYP) reported the advancement of a new cannabis technology platform. The company’s management has decided that the best way to success is not essentially betting on a single revenue stream or technology, but to develop numerous revenue streams in services or business lines where the firm benefits from “cross selling” prospects between economies of scale and/or businesses.

The details

Clay Franks, the CEO of Bayport, expressed that the cannabis market is in ‘Land Grab’ stage. There are several market participants that are learning the ropes and entering the business, and willing to attempt everything and anything that helps them advance their business and become more resourceful. The more company can do to assist these entrepreneurs execute, the more profitable and valuable they will become.

The firm anticipates to release further details and information pertaining the acquisition and platform soon. It anticipates to make announcements over the imminent weeks and days. CEO Franks added that this deal will be the next Cannabis tech vertical, and it will be tailored specifically to complement their prevailing cannabis technology website.

Earlier in October, Bayport International reported that it is looking to divest its gas and oil interests to become an increasingly productive pioneer within the Cannabis Technology industry. The company lists some of the gas and oil assets that the firm is presently looking to divest. More prospective and due diligence will be provided in the imminent future.

In 2016, Bayport reported that it would be transitioning from gas and oil to the cannabis technology business. This market is on track to witness massive growth, as decriminalization and legalization further takes hold. The announcement was a key step in the transition to become a fully-focused cannabis technology firm. Presently, Bayport is in the course of advancing its Weedwiser digital cannabis directory base and actively assessing acquisition prospects within the cannabis technology industry.

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