DNA Brands Sign Exclusive Software Acquisition Agreement to Acquire DNATags(R)
25 Janvier 2021 - 4:51PM
InvestorsHub NewsWire
FT. LAUDERDALE, FL -- January 25, 2021 -- InvestorsHub
NewsWire -- DNA Brands Inc. (OTC
PINK:DNAX) today announces the execution of a software
acquisition agreement and joint venture, between the company and
Santo Blockchain Labs aka Santo Mining Corp. (OTC
PINK:SANP) developers of DNATags®.
The company has acquired 70% of the intellectual property (IP)
and ownership rights to DNATags®, the remaining 30% will be owned
by Santo Blockchain Labs. Under this agreement DNA Brands, will
develop the marketing and roadmap to launch this software into the
Cannabis, Pharmaceutical and Health and Beauty Care Industries;
additionally, Santo Blockchain Labs with maintain, continue the
development, provided technical support as blockchain technology,
radio-frequency identification (RFID), near-field communication
(NFC), Internet of Things (IoT) and other cutting-edge technologies
emerge to provide consumers the trust and peace of mind while using
DNATags®.
During the days and weeks to come both companies will be
announcing via their social media outlets at DNA
Brands @dnabrandsinc and Santo Blockchain Labs @otcsanp including press releases and via
other avenues of communication all the exciting updates and events
of this endeavor.
Adrian McKenzie, CEO of DNA Brands, stated, "I was impressed
when I saw this product and it's many uses and applications. It was
as if it was tailored made for the DNA Brands portfolio. The
cannabis packaging market was valued at USD 101.48 billion in 2019
and is expected to reach USD 297.51 billion by 2025, at a CAGR of
22.59% over the forecast period 2020 - 2025. The cannabis packaging
market is anticipated to witness notable growth in the next few
years, owing to the rising demand for medical and recreational
cannabis products for consumption. The increasing legalization of
cannabis in various countries is likely to drive the future market.
DNA Brands now has a second potential revenue stream to compliment
its existing digital solar marketing business." additionally Frank
Yglesias of Santo Blockchain Labs, added, "It's great to be working
with a group like DNA Brands, they are the digital marketing key we
have been waiting for to market DNATags® to the cannabis industry.
I am very excited about the future and we are kicking it off in a
great way"
Santo Blockchain Labs
SANTO www.sanp.us is a publicly traded company
(OTC
PINK:SANP) on the OTCMarkets, the company focuses on the
development of blockchain smart digital contracts and IoT internet
of things for everyday life. Though its 100% owned subsidiary;
SAITEC Technology & Development Joint Stock Company in Ho Chi
Minh City, VietNam, the company leverages its highly efficient
software engineers, VietNam is currently known as the Silicon
Valley of South Asia.
DNA Brands, Inc.
DNA Brands is a Holding company. In March 2020, the company
acquired 954Solar LLC and has been engaged in Solar Digital
Marketing and Sales. With the Acquisition of DNATags® the company
now owns 2 pieces of Intellectual property, and will begin
marketing DNATags® to both the medicinal and recreational Cannabis
Industry.
CONTACT
info@dnabrandsinc.com
561-654-5722
SOURCE: DNA Brands, Inc.
DNA Brands (PK) (USOTC:DNAX)
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