San Antonio, TX -- January 19, 2018 -- InvestorsHub NewsWire
--
Alternate Health Corp ("Alternate Health" or the
"Company") (CSE:AHG) (OTCQB:AHGIF), an
international corporation that provides software solutions for the
medical cannabis industry, today announced that its CanaPass
Blockchain Reporting System will launch in the Canadian
recreational cannabis market, powering five potential National
Access Cannabis (NAC) locations in Manitoba subject to the federal
government passing legalized recreational marijuana legislation in
2018.
"We are excited to announce our move into Canada's recreational
cannabis market, building on our partnership with National Access
Cannabis," says Dr. Murphy. "Our CanaPass Blockchain system is
already Canada's most advanced medical cannabis regulatory solution
and we expect our recreational adaption to be an industry-changing
technology as the Canadian government prepares legal cannabis
legislation in the summer of 2018."
Alternate Health launched the CanaPass pilot stage in July 2017 at
NAC's Halifax clinic. During the second phase of rollout in 2017,
the CanaPass system launched in every additional NAC location in
seven Canadian provinces. Alternate Health and NAC previously
signed a Software-as-a-Service agreement whereby the Company's
CanaPass blockchain software is currently powering all NAC clinics
and doctor's offices.
"The CanaPass system is a game-changer in the Canadian cannabis
industry," says Dr. Michael Murphy, CEO of Alternate Health. "No
cannabis point-of-sale system can match its comprehensive data
collection and reporting features, connecting all transactions in a
blockchain ledger between customers, licensed producers,
dispensaries, governments and medical professionals."
The CanaPass system is a cloud-based software platform that manages
the end-to-end transactions involved with providing safe access to
medical cannabis to eligible patients. The database is accessible
by the patient, certified doctors and licensed producers only, and
is used to monitor the individual patient and provide enhanced
treatment recommendations, with a focus on improving patient
outcomes.
"Regulatory compliance, data security and transparency have never
been so important as cannabis legalization moves forward in
Canada," adds Dr. Murphy. "Alternate Health offers the only
software system that provides provincial governments and federal
authorities the detailed transaction ledger and tax reporting they
need, backed by our patented blockchain technology."
About Alternate Health Corp.
Alternate Health Corp. (
CSE: AHG,
OTCQB: AHGIF) Alternate Health
has established multiple arms-length operations within the medical
cannabis industry, each of which drives consumers, data and
strategic opportunities to the company's other verticals. This
sophisticated cross-integration of the company's enterprises has
positioned Alternate Health as one of the only cannabis companies
that delivers consistent revenue and intellectual property without
growing, manufacturing or distributing the cannabis plant. Through
its software solutions, data analytics, and patented delivery
systems, Alternate Health's goal is to be the global authority on
scientific and clinical support for cannabis in regulated markets.
Alternate Health is well positioned to reinvest internal operating
cash flow in its platform over the long term, creating an
attractive investment profile for its shareholders.
Alternate Health resides in the cannabis sector along with
companies like GW Pharmaceuticals, AXIM Biotechnologies Inc.,
Canopy Growth Corporation, and Aphria Inc. Alternate Health is
differentiated from other cannabis companies by its focus on
ancillary services for patients, healthcare professionals and
regulatory providers rather than selling a commodity. For more
information about Alternate Health Corp., visit
www.alternatehealth.ca.
Neither the CSE nor its Regulation Services Provider (as that
term is defined in the policies of the CSE) accepts responsibility
for the adequacy or accuracy of this release. Statements included
in this announcement, including statements concerning our plans,
intentions and expectations, which are not historical in nature are
intended to be, and are hereby identified as "forward-looking
statements". Forward-looking statements may be identified by words
including "anticipates", "believes", "intends", "estimates",
"expects" and similar expressions. The Company cautions readers
that forward-looking statements, including without limitation those
relating to the Company's future operations, business prospects and
financing plans, are subject to certain risks and uncertainties
that could cause actual results to differ materially from those
indicated in the forward looking statements.
SOURCE Alternate Health Corp.