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LiteLink Technologies unveils new strategic tie-up with Segra International for cannabis tracking

Segra produces cannabis plantlets, which are packaged and shipped to licensed producers around the world

LiteLink Technologies Inc. -
LiteLink will use its software so Segra knows exactly where the plantlets are at any time and provide real-time and historical temperature readouts

LiteLink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKF), the logistics and digital tracking company, revealed Friday that it had struck a tie-up with Segra International, the cannabis agriculture technology firm, for cannabis tracking. 

Segra produces cannabis plantlets, which are packaged and shipped to licensed producers around the world, including some of the top Canadian licensed producers. It has inked a memorandum of understanding with LiteLink.

READ: LiteLink subsidiary uBUCK to launch non-brokered private placement to raise up to US$4M

LiteLink will use its flagship 1SHIFT Logistics software so Segra knows exactly where the plantlets are at any time and provide real-time and historical temperature readouts, as well as total travel time logs.

"As Segra prepares to launch Canada’s first commercial cannabis nursery, real-time tracking and monitoring of our precious plantlet cargo is a critical layer to our quality assurance program,” Segra's chief business development officer Ian Davidson said in a statement.

"We are optimistic that LiteLinks technology can provide exceptional service and peace of mind for our clients."

LiteLink chief executive Ashik Karim added: "It is clear the cannabis industry will only continue to grow exponentially over the near term.

"With growth only comes the demand for real-time product location awareness and logistics coordination.

"With our deep relationship with Segra, we intend to deliver an automated suite of applications that drive down the dependency on manual follow-ups, reducing the blame game for issues with delivered goods, and arm all parties with information to ensure partner relationships are kept honest and profitable. We could not think of a better time to kick off this initiative."

A 90-day trial

Segra and LiteLink are set to run a 90-day trial for real-time tracking, tracing and reading key temperature sensors to improve visibility on how critical freight is operating.

Segra has agreements with many leading global cannabis producers, including the Canadian licensed producers HEXO Corp, Agripharm Corp, and The Supreme Cannabis Company Inc.

Shares in Canada nipped up 5.71% to stand at $0.18 on the day.

---Updates for share price---

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Quick facts: LiteLink Technologies Inc.

Price: 0.085 CAD

CSE:LLT
Market: CSE
Market Cap: $14.65 m
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