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HealthSpace Announces 1st Cannabis Partnership

VANCOUVER, BC – August 24, 2017 – HealthSpace Data Systems Ltd. (“HealthSpace”) is pleased to announce that it has signed an Memorandum of Understanding (MOU) to collaborate with 1804 Management LLC (1804) in Needles, California to expand the HealthSpace CS Pro technology platform to provide comprehensive environmental health, auditing, permitting, and business management services to cannabis producers and distributors internationally.

This opportunity with 1804 is an exciting partnership which enables the HealthSpace team to take our domain expertise in agriculture and best-in-class technology in inspection, auditing, reporting and data analytics into the highly-specialized cannabis production and distribution vertical.

1804 Management is led by Drew Milburn, one of the most informed and respected members of the cannabis cultivation and retail market. With 1804’s guidance, HealthSpace will be refining its technology applications to align to the “Just-in-Time” inventories and Lean Manufacturing Processes that powers their business operations.

Mr. Milburn and his team have consulted with many state and local authorities throughout the U.S over the last decade. They have also consulted with Health Canada, which runs the National Program for Medical Marijuana in Canada. Mr. Milburn has been asked to speak at many venues at which he was considered the expert in the field of both retail and gardening operations for Medical Marijuana.

HealthSpace CEO, Peter Smyrniotis stated “HealthSpace currently designs, develops and iterates its technology for sophisticated multi-crop management activities within US states. The cannabis market utilizes several technologies to conduct business, such as seed-to-sale platforms, Internet-of-Things (IoT) sensors, and logistics management. There remains additional pain-points and challenges in business management for cannabis producers and distributors, and HealthSpace’s robust technology offers the enterprise class technology, service and support to deliver substantial value to this vertical. Cannabis’ explosive growth has made it an ideal new industry for HealthSpace to bring its technology services to bare.”

Further, Mr. Milburn commented “1804 Management is excited to be working with the Health Space team in carving out what is sure to be an industry changer. Both groups are accustomed to being leaders within their respective industries and now working together we will continue that trend.”

The Company also announces that it has settled a total of CDN $216,900 owed to consultants of the Company, in common shares in the company, at a deemed price of 0.08 per share. A total of 2,711,250 shares were issued to settle this amount and have a four month hold from date of issuance.

HealthSpace Data Systems Ltd.

HealthSpace is an industry leading technology company currently providing inspection, information, communication and data management systems for federal, state, county and municipal governments. Over the last decade, HealthSpace has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. HealthSpace currently offers the only integrated inspection, administration and analytics product suite across all platforms in North America. Further, HealthSpace now delivers its government grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations and move from a reactive to a proactive operational status. HealthSpace continues to deliver focused service and innovative solutions to government organizations, while expanding into commercial enterprise verticals to enable new customers with proactive environmental health best practices and policies.

Forward-Looking Statements

This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although HealthSpace believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. HealthSpace expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

For more information please contact:

Peter Smyrniotis,
Peter J. Kletas
PJK & Associates Inc.
866-999-6251-Toll Free

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