TORONTO, Oct. 25, 2018 /CNW/ - Imex Systems Inc. ("Imex"
or the "Company") (TSX VENTURE: IMEX; OTC: IMSYF) a software
solution provider to Governments, Municipalities and Public
Authorities continues to advance the development of the
GOVCANN platform to address the needs of government agencies,
health and safety, law enforcement, Licensed Producers and
retailers. Municipalities will undoubtedly be met with numerous and
ongoing challenges in implementing and enforcing the new cannabis
legislation which the Company recognizes will require the
cooperation of all municipal divisions including: police, fire and
paramedic services; municipal planning; licensing and standards;
public health; and social and legal services. In order to keep
cannabis out of the reach from children, deter illegal
activity, and protect public safety, it is imperative that
municipalities consult with these various stakeholders, as well as
their constituents.
As of October 17, 2018,
recreational cannabis has been available for sale online through
the Ontario Cannabis Store ("OCS"). The OCS will be the exclusive
wholesaler and distributor to privately licensed cannabis retail
stores which are expected to be operational effective April 1, 2019. As part of the newly introduced
legislation, the Alcohol and Gaming Commission of Ontario ("AGCO") will administer the licensing
framework for the private cannabis retail stores. Various factors
will be considered when assessing applications for retail store
licenses, including public interest in light of the needs and
wishes of the residents of the municipality.
Under Bill 36, the Cannabis Statute Law Amendment Act,
municipalities will be able to decide whether to allow
privately-operated cannabis stores or to pass a one-time resolution
to prohibit stores from operating within municipal boundaries. The
resolution must be passed no later than January 22, 2019.
Topics of consideration for municipalities and their leadership
to deliberate over include:
- Consumption guidance at municipally owned or managed
properties
- Implementing appropriate human resources policies and employee
education programs
- Enforcement and training in regard to impaired driving
- Enforcement and regulation surrounding ability to grow up to
four cannabis plants per household
"From preventing people from smoking near schools and government
property, to ensuring that cannabis production happens in a safe,
regulated environment, and mandating where cannabis retail
businesses will be able to operate, local governments must set
rules that will impact the way cannabis legalization will affect
their constituents," said Rob Klein,
CEO of Imex. "Developing the intricate rules and processes that
will govern the legalization of non-medical cannabis is a complex
task that government needs to get right. Municipalities will need
to make critical decisions about how and when to write new bylaws
on a range of issues. Imex is currently working with policy experts
and companies with innovative technologies to build out its new
GOVCANN platform, as well as leveraging its Government
relationships.
About Imex Systems
Imex Systems Inc. is a Canadian software products and solution
provider to Governments, Municipalities and Public Authorities in
Canada and internationally. Imex
primarily focuses on E-Government and the Smart Cities market that
also include the integration to payment processing. The
company helps public sector entities to provide "Any Time, Any
Where, Any Device and Any Channel" convenience for citizens to
access government services and help with digital transformation of
government operations and streamline revenue. Imex's various
product and service offerings include: i-Gov - a Digital
Government Platform for all levels of governments, which provides
all the pre-built components for building an effective Digital
Government and supporting payment processing through multiple
channels; iCity - a Smart City Solution;
and miGov - a Mobile Government Framework.
Forward-Looking Statements
This news release contains certain "forward-looking information"
within the meaning of applicable Canadian securities laws. Any
statements that involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions,
future events or performance (often but not always using phrases
such as "expects", or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "budget",
"scheduled", "forecasts", "estimates", "believes" or "intends" or
variations of such words and phrases or stating that certain
actions, events or results "may" or "could", "would", "might" or
"will" be taken to occur or be achieved) are not statements of
historical fact and may be forward-looking information and are
intended to identify forward-looking information.
This forward-looking information is based on reasonable
assumptions and estimates of management of the Company at the time
it was made, and involves known and unknown risks, uncertainties
and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking information. Forward-looking information in
this news release include, but are not limited to, statements with
respect to: increased sales from existing customers and new
customers and the potential opportunities to be created from the
joint venture with BGC related to mobile payments and cyber
security. Forward-looking information necessarily involve known and
unknown risks, including, without limitation : the need for
approvals from the relevant government body; future capital needs
and uncertainty of additional financing; the competitive nature of
the industry; the effects of product development and need for
continued technology change; and those risks set out in the
Company's public documents filed
on www.sedar.com.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially, there may be
other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information. The Company undertakes no obligation
to revise or update any forward-looking information other than as
required by law.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in policies of the TSXV) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Imex Systems Inc.