TORONTO, June 14, 2017 /CNW/ - Alternate Health Corp (CSE:AHG) (OTC:AHGIF), an international medical cannabis company, announced today that the company has reached an agreement to launch its CanaCard Patient Management System in all of National Access Cannabis (NAC) clinics across Canada. Alternate Health uses best-in-class technology, research, education, production and laboratories to increase the awareness, regulatory compliance, and appropriate usage of cannabinoids in modern medical practices.
National Access Cannabis operates ten clinics across Canada, with a specific focus on connecting patients with clear information on the legal treatment options available. In recognition of NAC's leadership in Canadian medical cannabis, Alternate Health has made investments of close to $1,000,000 in the company. Alternate Health believes that this agreement creates a base for further expansion in the Canadian market, including the company's cannabinoid research and delivery systems.
"Alternate Health is taking a step forward in consolidating our leadership position in medical cannabis technology," says Dr. Jamison Feramisco, CEO of Alternate Health. "National Access Cannabis is a Canadian pioneer in medical marijuana and we are excited to see our technology help NAC benefit patients and generate revenue in a key area of both our businesses."
The CanaCard Patient Management System is a cloud-based platform that manages the end-to-end transactions involved with providing safe access to medical cannabis for patients across Canada. The database connects patients, certified doctors and licensed producers with a complete set of patient management tools. We ensure the secure storage of personal data, account balances, transactional volume and research data.
Alternate Health will install the system in each of National Access Cannabis' ten clinics across Canada and any new NAC clinics will operate with CanaCard in the future. Revenues will be generated for both NAC and Alternate Health from transaction fees charged on sales between patients and licensed producers of medical marijuana, compliant with Health Canada's rules and guidelines for medical cannabis in Canada.
"This agreement with National Access Cannabis instantly positions Alternate Health as a major player in the medical cannabis industry, from coast to coast." says Dr. Feramisco. "With CanaCard's innovative technology, access to medical marijuana in Canada will be safer, more transparent and more effective for those patients who need it most."
About National Access Cannabis
National Access Cannabis operates in various cities across Canada and assists patients to improve their quality of life. Our Cannabis consultants guide patients through the process of obtaining the required legal documents to possess Medicinal Cannabis. We also connect patients with a suitable legal Licensed Producer approved by Health Canada. Every patient has access to extensive education and resources to ensure they are confident using their medication, and we also provide them with a convenient Medical Cannabis ID card.
About Alternate Health Corp.
Alternate Health Corp. (CSE:AHG, OTCQB:AHGIF) is an international medical cannabis company that uses best in class technology, research, education, production and laboratories to increase the awareness, regulatory compliance, and appropriate usage of cannabinoids in modern medical practices. The company is strategically positioned in all facets of the medical cannabis value chain through the innovative integration of proprietary technology and know-how, acquisitions and partnerships, deep direct knowledge of and experience with improving patient outcomes, and management expertise.
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. The company is headquartered in the Dallas Metroplex with operations in Los Angeles, San Antonio and Toronto.
For more information about Alternate Health Corp., visit www.alternatehealth.ca
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SOURCE Alternate Health Corp.
For further information: Jim Griffiths, 416-607-5757