Nerds on Site (CSE: NERD); (OTCQB: NOSUF) Is Poised to Disrupt the Legal Cannabis Industry with its Revolutionary New “Cannabis IT in a Box” Solution
The ongoing wave of cannabis legalization throughout North America has triggered a number of opportunities for investors interested in profiting from the growth of the legal cannabis industry.
After all, with the North American legal cannabis market projected to grow at a compound annual growth rate (CAGR) of 34.6% through 2025[i]…there are bound to be a number of attractive opportunities in the legal cannabis market.
While most investors are focused on the best way to play this growth may be in a “hidden” market that is often ignored.
As companies ramp up to meet soaring consumer demand throughout Canada – and in those U.S. states where cannabis is legal – they are running into one consistent need:
The need for proven, scalable IT solutions.
Simply put…in order to open the doors, make sales and process orders, cannabis retail shops and dispensaries need a great deal of help.
Nerds on Site (CSE: NERD); (OTCQB: NOSUF) is now rolling out Cannabis IT in a Box – the “Go To” solution that provides IT solutions delivered, installed and serviced for small and medium-sized enterprise (SME) businesses in the cannabis industry.
Nerds on Site (CSE: NERD); (OTCQB: NOSUF) is Moving Quickly to Meet a Huge Need in the Legal Cannabis Industry
As the legal cannabis industry is growing quickly – and still in its early stages in many parts of North America – challenges are to be expected.
New businesses – in many cases small- to medium-sized companies – have a tremendous need for IT services in areas such as cultivation, security, distribution, point-of-sale transactions, merchant processing…and many more.
Obviously most new businesses in the legal cannabis space are challenged by the industry’s rapid growth and the ever-changing regulatory landscape.
On top of that…most of the entrepreneurs in the legal cannabis space are not experienced in the sometimes-complex world of IT solutions.
Nerds on Site is perfectly positioned with its expertise and reach to become the largest solution provider to the burgeoning cannabis industry, with its thousands of retail operations launching across North America.
With Cannabis IT in a Box, systems, information, security, and point-of-sale come together in a turnkey solution that Nerds on Site installs and services. In addition, Nerds on Site provides best practices and helps ensure regulatory compliance for its clients.
Just recently – on April 4, 2019 – Nerds on Site filed a trademark application for its proprietary Cannabis IT in a Box solution to further enhance its status as an early mover in this relatively new space.
Northern Lights Supply is situated in Nisku, Alberta, at the intersection to Canada’s largest oilfield industrial park, along Alberta’s busiest corridor, Highway 2 and opposite the Edmonton International Airport. The store provides 6,500 square feet of retail space, making it one of the largest approved retail cannabis stores in Alberta. Northern Lights Supply opened on 23 February 2019. Northern Lights Supply is a brand of Weekend Unlimited (CSE:POT).
“This is an ideal solution for our start up retail operation. The Cannabis IT in a Box concept is exactly what we needed to ensure, as a small business, that we have the resources and expertise of a highly sophisticated operation when it comes to best practices and applications for our information technology,” said Mr. Derek Shields, President and CEO, Northern Lights Supply.
How Big is the “Cannabis IT in a Box” Opportunity for Nerds on Site (CSE: NERD); (OTCQB: NOSUF)?
With legalization across Canada and tremendous growth state by state in the US, the need and the opportunity in the cannabis industry for Cannabis IT in a Box is strong.
Ontario’s first 25 licensed retail cannabis stores opened on April 1, 2019 – with eventually as many as 1,500 stores opening in the future in the province.
Across all of Canada, projections call for as many as 3,000 additional retail stores to open…meaning sustained demand for IT services as those businesses work to open their doors in the months and years ahead.
And with an increasing number of U.S. states moving toward legalization, a potentially massive retail market is now opening…Nerds on Site’s Cannabis IT in a Box has a potential market that is consistently growing.
The Company’s first-to-market status in this relatively new cannabis IT space gives Nerds on Site (CSE: NERD); (OTCQB: NOSUF) a significant advantage over potential competitors. And it also gives investors a smart, new way to invest in the rapidly-growing market for legal cannabis
Nerds on Site (CSE: NERD); (OTCQB: NOSUF) is Much More than Just a Cannabis IT Solutions Provider
Instead, Nerds on Site (CSE: NERD); (OTCQB: NOSUF) offers investors access to an established company – with annual revenues of over $10 million – with a proven history of success in the IT solutions market.
The Company also provides its services to residential and corporate users. A notable corporate client of theirs is Canadian Tire (TSX:CTC.A). The company is currently operating in 10 cities across Canada and is planning on expanding their business into targeted areas in the US.
Nerds on Site specializes in providing cost-effective, leading-edge solutions, serving as the complete SME IT solution specialists.
Nerds on Site offers a wide variety of services, including computer network installation and support, PC setup and tailored software services, plus other IT-related services.
The Company uses a revenue sharing model in Canada, where their EntrepreNERDS (eNerds: independent contractors) share between 37 percent to 50 percent in revenue from each contract that they sign.
Using this model has resulted in the company producing an annual revenue of $8 to $10 million. In total, the company has generated over $160 million in revenue since its inception in 1995.
In late 2018, Nerds on Site (CSE: NERD); (OTCQB: NOSUF) announced its plans to expand its IT solutions services into the U.S. market, identifying several U.S. cities for rollout based on proprietary metrics.
And in April 2019, Nerds on Site announced that its first six franchises had launched in Arizona, operating in Scottsdale, Tempe, Gilbert and the West Valley.
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