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RewardStream targeting legalized marijuana sector

Last updated: 08:20 22 Feb 2017 EST, First published: 03:20 22 Feb 2017 EST

Licensed cannabis farm
The RewardStream cannabis referral solution works for licensed producers, prescribing doctors to drive low-cost customer acquisition.

Automated referral marketing solutions provider RewardStream Solutions Inc (CVE:REW) is targeting the licensed cannabis trade with its refer-a-friend platform, Spark.

The company is targeting licensed producers, prescribing doctors and patients, where medical and recreational uses have been legalized in Canada and the US.

“The cannabis market is growing quickly as more locations in North America continue to legalize marijuana for medical and recreational uses,” said Rob Goehring, chief executive officer of RewardStream.

“As legalized medical marijuana continues to gain a wider foothold in the treatment of many conditions, referrals can help licensed producers, doctors and patients find new customers and trusted providers using our referral marketing platform. The Canadian market alone is estimated by Deloitte to have a potential of more than $22 billion, and we continue to develop new revenue channels in exciting new markets with the goal of being the industry standard in referral marketing and software,” he continued.

A unique feature of the refer-a-friend-plus program allows for the referring customer to also earn residual monthly credits for each customer they refer. The referral program works on all mobile devices and web browsers, making it easy for subscribers to refer and earn rewards wherever they may live.

“Our solution can be configured for any sized provider, from small practices and production facilities to large established and national providers,” continued Goehring.

“With optional modules for added features, support and best practices leadership, our solution meets the needs of the emerging and fast growing organizations in the medical cannabis industry, all with no IT involvement.”

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on 07/10/2017