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Cannasys Inc (OTCMKTS:MJTK) Updates Shareholders On Operations And Strategy

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Cannasys Inc (OTCMKTS:MJTK) issued an update to its shareholders linked to its operations, outlook and strategy. After the successful market release of Citizen Toke, its innovative direct to customer SMS-based social deals application, the company reported that Michael Tew has been engaged again as its Chief Financial Officer and Chief Executive Officer to spearhead its cryptocurrency initiatives. Patrick Burke will stay Chief Operating Officer, Secretary and President, accountable for continuing Citizen Toke’s market release and customer support.

The buzz

Last year in 2017, in association with Beta Killers, LLC, CannaSys introduced Citizen Toke, its unique text-message marketing platform, in beta setup with ten cannabis retailers from Boulder and Denver. During Q4 2017, CannaSys successfully introduced Citizen Toke’s version 1 offering with revenues to support its underway marketing and development.

Tew added that special thanks to Burke for the market release of Citizen Toke. As of now, Citizen Toke has sent over 5,000 messages to as many as 750 people, is utilized by 15 retailers. They project to release this into new markets in the near future. He is proud of the development they have recorded in the last six months and expect to accelerating their growth with latest complimentary applications, especially in blockchain.”

Mr. Burke added that Citizen Toke has planned the ultimate solution for branded-product firms and retailers that look to expand their client base but are confined in their offered tool kits. Average response rate of Citizen Toke is between 20% and 40% while conversion rates average is noted between 2% and 4%, far surpassing competitive technologies.

In the last quarter, CannaSys completed its reorganization, enhancing its total authorized common stock to 12 billion shares. The reorganization offers ample capital availability to support the firm’s growth plans in the imminent years. After a successful product release in 2017, CannaSys focus remains on using its current infrastructure into unique cryptocurrency services and products, to be developed in 2018.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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