BOULDER, Colo., June 07, 2017 (GLOBE NEWSWIRE) -- UMF Group Inc. (OTC Pink:UMFG) (“the Company”) is pleased to announce the development of Cannabis Technology or “cannatech”. UMF Group Inc. Corporate Strategy is to diversity and become more efficient. In line with these strategic goals, Nicole Merion, Director of Business Development, has executed an in house data system that has the potential of revolutionizing cannabis consumption by putting information in the hands of consumers.
Our comprehensive cannabis data analytics services benefit the entire supply chain, from seed to sale. We are currently developing several Information Technology products that cover the array of specialized needs that cannabis businesses have, be they growers, extractors, processors, or retailers.
Our Software system is designed to give you the business intelligence you need when and where you need it. An app on your phone will display the same data that you would have access to on a desktop computer. We focus on a seamless user experience, making cannatech a platform you can use with ease and simplicity, not the steep learning curves common with other business software.
With cannatech, we want to provide business intelligence. Get automated inventory, sell-through, and price point data from your client retailer accounts in real-time. Business analysts, sales teams, and supply chain staff are spared from spending valuable hours manually collecting retail account data, saving you both time and resources.
Collaborating with your retailers through direct-data sharing is a powerful way to optimize your business. Getting visibility into inventory and sales at a location supports forecasting and helping those retailers ensure that they have the right amount of inventory at any given time.
FORWARD LOOKING STATEMENT
This news release includes forward-looking statements that reflect UMF Group Inc. current expectations about its future results, performance, prospects and opportunities. UMF Group Inc. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to UMF Group Inc. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2017 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.