AppSwarm Inc (OTCMKTS: SWRM) was on the rise again on Friday on spectacular volume. The stock has been on the run in recent weeks from a start point of $0.008 to recent highs near $0.03. The recent catalyst on SWRM is the recently announced licensing agreement with I Heart Canna to utilize the DeliverySwift platform for their cannabis delivery service in Northern California.
The deal was announced on February 13 with I Heart Canna to executing an agreement to utilize the DeliverySwift platform for their cannabis delivery service in Northern California. Under the agreement, DeliverySwift will provide all of the backend support via its DeliverySwift technology to help I Heart Canna grow their business model as well as comply with all upcoming track and trace laws.
AppSwarm Inc (OTCMKTS: SWRM) is a technology company specializing in the accelerated development and publishing of mobile apps and other software platforms for gaming and business applications and seeks to acquire symmetric business opportunities. AppSwarm partners with and assists other development firms in technology development, business management, and funding needs. They provide candidate mobile apps for companies that has an upcoming product, testing retention, virality, engagement and monetization options. AppSwarm then goes on to integrate a user-acquisition strategy that suits the given venture, focusing on the type of audience they’re approaching and how to deliver the contents to them in a successful way to guarantee a higher chance of conversion. The company already has multiple applications and games under their umbrella that are available on both the Google Play and Apple’s Store.
The big story on SWRM is their DeliverySwift is an On-Demand logistics last mile delivery platform that acts as an intermediary between merchants and prospective buyers who wish to get products from local merchants delivered to their doorstep. DeliverySwift’s focus is direct to consumer deliveries for such products as groceries, furniture, pharmacies, Cannabis dispensaries and small bulk job site materials based on local driver transport capacities.
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I Heart Canna powered Elder Creek, LLC, is an in-home cannabis delivery service. I Heart Canna provides fresh and high-quality cannabis flower, concentrates, and edibles directly to qualified customers or patients and/or primary caregivers in the Northern CA region. I Heart Canna has a strong presence in the Sacramento, Solano and Stockton area which covers 15 cities and has a combined population of nearly 1.3 million. I Heart Canna currently has 4,000 customers and has aggressive expansion plans. I HEART CANNA operates a cannabis delivery service that’s in compliance with California Proposition 64: Temporary Medical and Adult Use Permit #C-9-18-0000004.
California’s Marijuana Enforcement Tracking Reporting Compliance (METRC) requires technical expertise for growers to provide for a real-time tracking system for their cannabis inventory to comply with state law requirements. The Track-and-Trace system, or something known as “seed to sale,” is designed to track the movement of cannabis and cannabis products from the cultivator all the way to the retailer.
DeliverySwift’s technology offers the ability for delivery companies, dispensaries and growers to track their shipments in real-time with specific ID numbers, or QR codes to any location utilizing the GPS function of the DeliverySwift platform.
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Currently trading at a $5.5 million market valuation SWRM has little assets, manageable debt and actually recorded a net income of $54k last quarter according to their unaudited financial statements. SWRM is an exciting story developing in small caps; the Company just announced a licensing agreement with I Heart Canna to utilize the DeliverySwift platform for their cannabis delivery service in Northern California and the stock has volume, liquidity and is getting noticed by Investors. We will be updating on SWRM when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SWRM.
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Disclosure: we hold no position in SWRM either long or short and we have not been compensated for this article.