Tech Stock Pops On Completion Of Pilot Project

Tech Stock Pops On Completion Of Pilot Project

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, November 4, 2020

We’re watching shares of Loop Insights Inc. (TSX-Venture:MTRX) (OTCQB:RACMF) closely as the company made investors aware of their successful completion of an initial 20-store pilot and commencement of a roll out to all 550 Your CBD Store retail locations.

Your CBD Store represents the company's second deal through Vend (Channel Reseller) and its first franchise customer, as announced in August. Your CBD Store is the largest CBD brick-and-mortar retailer in the United States with over 550 locations across 41 states. The Your CBD Store expansion includes the implementation of Loop's data insights platform across 170 new stores by the end of 2020 and an additional 380 stores in Q-2 of 2021.

Loop will significantly benefit from Vend's large global sales team pushing Loop's products and services to its current 25,000 retail customer base. With Loop's Insights and Analytics service gaining traction, Loop will now look to introduce its automated marketing service to the Vend sales channel, which will provide additional recurring revenue opportunities through monthly SAAS as well as potential revenue share opportunities.

Loop CEO, Rob Anson, states, "channel reseller agreements, such as Vend, provide us with a stable path to revenue that can be replicated over and over again. Our current "Insights" pricing model is $50 per month per till, with an average of 4 tills per retail location. If we were to successfully onboard all 25,000 Vend customers, we would be looking at potential monthly recurring revenue of over $5,000,000. When you layer in our automated marketing "Engage" service and wallet pass loyalty application, these numbers quickly multiply by 5-10x, which provides the company with a very significant revenue stream."

Not only was today’s trading action impressive with Canadian-listed shares up 7.79% to $0.415, but this price pop has also pushed shares above a key technical level at $0.40. The technical breakout could lead to further near-term gains for the stock.


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