HempTech Corp. (OTC Pink: HTCO) is engaged as a developer and manufacturer of controlled environment agriculture systems and technology for the medical marijuana industry. Shares of the marijuana technology company are climbing 28.57% through afternoon trading on Monday, May 1, 2017. Over the past month, HempTech Corp. has seen average daily volume of 4,169 shares. However, volume of 4,224 shares or dollar volume of $19,008, has already exchanged hands in afternoon trading.

Shares of HempTech Corp. are climbing Monday, after the company announced the redeployment of its enterprise asset management system, CannaTRACK. The asset management system will help assist medical marijuana companies track “governance, licensing, seed sourcing, cultivation to point of sales of medical marijuana,” according to the press release. CannaTRACK will initially only be available to HempTech Corp. customers and also helps ensure that growers remain compliant with all marijuana laws. Here is the full press release detailing of the new asset management platform:

HempTech Corp. Press Release:

SAINT PETERSBURG, FL — (Marketwired) — 05/01/17 — HempTech Corp. (OTC PINK: HTCO), a provider of advanced Controlled Environment Agriculture (CEA) with sophisticated automation and analytical tools for the cultivators of legal industrial hemp and marijuana, announces today that it is redeploying CannaTRACK: an Enterprise Asset Management System that tracks governance Licensing, Seed Sourcing, cultivation to point of sales of medicinal marijuana. CannaTRACK will utilize the latest in RFID hardware and enterprise grade back-end software to track Cannabis all throughout its life-cycle for governance, monitoring and profitability. Verecis has been providing Enterprise Asset Management System for more than two decades to fortune 1000 companies.

Initially, CannaTRACK will only be available to HempTech’s customers.

A typical application of CannaTRACK will be as following;
1- Cultivation — CannaTRACK will tag all Cannabis stalks for security and inventory purposes using passive and active RFID or Bar Codes.
2- Harvesting — CannaTRACK will validate the data between cultivated and harvested cannabis and provides efficiency matrix in conjunction with HempTech’s SmartSense technology.
3- Processing — CannaTRACK’s dataset from cultivation to harvest will evaluate the processing results and its efficiency. CannaTRACK will also monitor the licensing consideration before shipment to the retail centers or dispensers.
4- Packaging and Point of Sale — CannaTRACK will assess and control the quantity of the merchandise, its estimated retail value, its inventory level and finally record associated medical cards with dispensed cannabis at the point of sale.
5- Compliance — CannaTRACK will maintain licensing compliance and audit readiness with State, Local and Federal mandatory requirements.

Due to the State law, legal governance, compliance and tax reasons, we believe CannaTRACK will be an invaluable tool for legal compliance and profitability from growers to dispensers of the legal medicinal marijuana.

It is estimated that the combined total market for cannabis in the United States may ultimately reach $100 billion annually, with more than 50 million consumers. We also believe that the international market has the potential to exceed $500 billion annually, with more than one billion consumers worldwide. With this substantial growth, HempTech’s technology and its patented products and services will be a catalyst for the industry in the 21st century.

HempTech is committed to bring cutting edge technology to legal hemp and cannabis growers everywhere. Through the perfect blend of technology and human experience, HempTech brings you the best in automation technology, data analytics and back-office management.

For more information on products offered by HempTech, please contact; info@hemptechcorp.com.

About HempTech Corp.

HempTech Corp. (OTC PINK: HTCO), a Nevada corporation, is a provider of advanced Controlled Environment Agriculture (CEA) with sophisticated automation and analytical tools for the cultivators of legal industrial hemp and cannabis. We design and engineer specialized products using advanced sensors, process control techniques, big data aggregation, analytics and security solutions so cannabis growers can easily and effectively control every aspect of their operation. Through HempTech technologies, virtually every component of the plants’ vegetative growth matrix and flower harvest is automated, documented and available in visible format both in real time and historically. This simplifies operations and ensures that the baselines set by the master grower are adhered to by the cultivation staff.

The Intelligent Automation Technology engineered for agricultural operations featuring CognetiX Cultivation Automation & Analytic Software drives improvement in productivity, efficiency, quality and sustainability. This industrial grade advanced Controlled Environment Agriculture (CEA) with analytical technology software, is being made available to small and large size cultivators that are not yet available in the Cannabis market. HempTech’s goal is to provide cost effective and efficient cultivation of indoor cannabis through intelligent technologies and process control platforms.

HempTech’s mission is to establish a reputation in the cannabis industry as a one-stop-shop that provides all the infrastructure elements required by growers in a manner that is fully integrated, state-of-the-art, and secure. Products include the SPIDer™ (Secure Perimeter Intrusion Detection), SmartSense™, SmartEnergy, and analytics dashboard CognetiX™ through which HempTech Corp. provides growers unparalleled data analysis capabilities to Know Your Grow! HempTech — America’s Future Taking Root Today.

To request further information about HempTech, please email us at info@hemptechcorp.com, log onto our website at http://www.hemptechcorp.com or visit us at our Facebook page https://www.facebook.com/hemptechcorp or on Twitter @hemptechcorp.

Forward-Looking Statements 

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words “plan,” “expect,” “believe,” and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

NO-TOUCH DISCLOSURE: HempTech Corp is a technology company that sells growing systems used for cultivating plants including cannabis. HempTech has never and will never “Touch the plant”. This means that HempTech has never and will never cultivate, harvest, transport, distribute, process, promote, or sell cannabis or any product containing cannabis including but not limited to any form of THC.

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