SAN ANTONIO, TX, Jan. 18, 2018 /CNW/ - 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.
For further information: Investor Relations Contact: Nancy Goertzen, CPIR, +1.604.512.7122, [email protected]