SAN FRANCISCO, Feb. 19, 2018 /PRNewswire-PRWeb/ -- Nezly, the
cannabis focused Canadian company, announced it will be launching
their ICO (Initial Coin Offering), February
20, 2018 on the Stellar blockchain, and will be the first
cannabis company to do so. The Nezly token (NEZ), will not be yet
another single purpose cannabis cryptocurrency, but incorporated
into an entire ecosystem built on blockchain for the cannabis
industry. Nezly's plans to bring about the much needed
transparency, trust and market insight through blockchain and big
data technology, has been in the works since July 2017.
CannaX, the Nezly cannabis marketplace exchange platform, will
utilize the latest in blockchain cryptography with a focus on
security and transparency. Nezly has forged a vast network of over
150 cannabis farmers in the United
States and Canada, totaling
over an estimated $500 million in
cannabis with expansion plans already in the works.
There is a unique match between cryptocurrency and the cannabis
industry. Both lie outside the field of conventional banking, with
most cannabis transactions still being done in cash. The cannabis
industry itself will reach a projected $55.8
billion by 2025 as per a report from Grand View Research.
The transparency, decentralization and security offered through
blockchain are well suited for the cannabis industry, and Nezly
aims to leverage it for the maximum benefit of buyers and sellers
and bring to the current landscape, greater transparency and
trust.
"CannaX is our initiative to radically change the cannabis
industry through embracing the trust and value blockchain
technology offers. As part of the ecosystem, the new Nezly token
(NEZ) is intended to not only bring about the benefits of secure
remittance overcoming bank and credit card processing issues, but
also for escrow validation within the CannaX marketplace," said
Steve Salve, CTO, Nezly.
The Nezly blockchain will also manage 160+ acres, zoned and
permitted for cannabis growing, which the company is offering to
cannabis farmers. As part of Nezly's cannabis consulting services,
their Farmers Assistance Program will help facilitate properly
zoned and permitted growing facilities for licensed farmers looking
to expand current growing operations and assist new farmers in
getting started.
"Our goal is to cater to the grass roots farmer, and as a
collective effort, meet the potential of large scale agricultural
competitors. We feel by bringing in a network of micro-farmers,
together and with the right facilities, we can potentially help
deliver a safer and ultimately a better product than large scale
agricultural competitors," said Cory
Kelly, CEO of Nezly.
The project will involve a $100
Million build out with state of the art facilities to ensure
quality assurance requirements are kept to the highest standard.
Every detail when it comes to grow cycles, lab results,
distribution and sale will be securely documented and transparent
on the Nezly blockchain.
Nezly currently works with licensed cannabis farmers to ensure
every need is met, from land acquisition, growing facilities,
farming equipment to seed to sale and marketplace blockchain
technology. "Nezly lives up to its slogan, "Cannabis made easy" in
a few different capacities, but farmers is where it all begins,"
says Steve Salve CTO of Nezly. With the new facilities, Nezly is
forecasting a $1 Billion contribution
to the already thriving cannabis industry.
For more information, please visit: http://www.Nezly.com
SOURCE Nezly