PANAMA CITY, Feb. 12, 2019 /PRNewswire/ -- CMTREX 2018 Ltd (CMTREX) and New Leaf Data Services LLC (NLDS) today announcedthat they have executed a Memorandum of Understanding (MoU) for mutually collaborative data and analytical services. The announcement was made at the CannaTech Panama conference, an event designed to educate and network with the burgeoning LATAM cannabis
This landmark MoU outlines the framework through which CMTREX will provide relevant real-time trading data generated from its digital trading platform into NLDS's premier Hemp Benchmarks® and Cannabis Benchmarks® pricing products, while NLDS will provide the CMTREX trading platform with robust wholesale pricing data feeds and business intelligence.
Commenting on the MoU, CMTREX Co-Founder and CEO, Saul Singer noted that, "We are proud to enter into this MoU with NLDS. The synergies between an emerging leading global trading exchange and the leading data and pricing service provider to the global cannabis wholesale market are abundantly clear. This collaboration is yet another milestone in our efforts in bringing efficient, secure and transparent trading solutions to the global cannabis market."
NLDS CEO, Jonathan Rubin added, "We are delighted to be working with CMTREX to provide platform users with the reference price benchmarks and indices that will enable them to develop and execute trading and hedging strategies with confidence. This initiative will enhance and expand our portfolio of indices globally; and, together with CMTREX, we are taking concrete steps to accelerate commerce among the currently underserved community of international buyers and sellers."
About CMTREX 2018 LtdCMTREX (Cannabis Mercantile Trading Exchange), is an IT-driven platform that provides integrated trading solutions for the global legal cannabis market. Leveraging off IP developed in global physical commodities markets, CMTREX facilitates secure, efficient and transparent trading of authenticated cannabis-based inventory to approved wholesale buyers and sellers. CMTREX was both co-founded by and incubated by iCAN: Israel Cannabis, a leader in accelerating and commercializing products for the global cannabis market.
About New Leaf Data Services, LLCNLDS (New Leaf Data Services) is the cannabis industry's only independent Price Reporting Agency. Through its Cannabis Benchmarks® and Hemp Benchmarks® divisions, NLDS brings transparency and efficiency to cultivators, dispensaries, investors, traders, and other cannabis market participants through validated, standardized wholesale price benchmarks and market intelligence.
View original content:http://www.prnewswire.com/news-releases/cmtrex-and-new-leaf-data-services-announce-joint-initiative-to-advance-efficient-and-transparent-trading-in-the-global-wholesale-cannabis-market-300793935.html
SOURCE CMTREX and NLDS
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