Blockchain Firm’s Canadian Pharmacy Deal Puts Cannabis Stocks in Play

Blockchain Firm’s Canadian Pharmacy Deal Puts Cannabis Stocks in Play


By CCN Markets: Canada’s largest chain of pharmacies announced a big partnership at the World Cannabis Congress on Monday. Shoppers Drug Mart will be working with TruTrace Technologies (until recently known as BlockStrain) to bring blockchain-based verification to the medicinal marijuana market. If successful, it could help power cannabis stocks higher as more doctors become comfortable with prescribing the drug. For interested investors, TruTrace’s stock trades as symbol “TTT” on the Canadian stock exchange. Shoppers Drug Mart operates roughly 1,300 pharmacies in Canada and already sells various products containing marijuana. It hopes to make doctors and patients feel more secure.

The post Blockchain Firm’s Canadian Pharmacy Deal Puts Cannabis Stocks in Play appeared first on CCN Markets

Posted by Ian Bezek on June 18, 2019 @ https://www.ccn.com/cannabis/blockchain-startups-canadian-pharmacy-deal-puts-cannabis-stocks-in-play/2019/06/17/

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