EDITOR: | October 25th, 2018

Imex Systems to Assist Municipalities with the Implementation and Enforcement of Cannabis

| October 25, 2018 | No Comments

October 25, 2018 (Source) — Imex Systems Inc. (“Imex” or the “Company”) (TSX VENTURE: IMEX; OTC: IMSYF) a software solution provider to Governments, Municipalities and Public Authorities continues to advance the development of the GOVCANN platform to address the needs of government agencies, health and safety, law enforcement, Licensed Producers and retailers. Municipalities will undoubtedly be met with numerous and ongoing challenges in implementing and enforcing the new cannabis legislation which the Company recognizes will require the cooperation of all municipal divisions including: police, fire and paramedic services; municipal planning; licensing and standards; public health; and social and legal services. In order to keep cannabis out of the reach from children, deter illegal activity, and protect public safety, it is imperative that municipalities consult with these various stakeholders, as well as their constituents.

As of October 17, 2018, recreational cannabis has been available for sale online through the Ontario Cannabis Store (“OCS”). The OCS will be the exclusive wholesaler and distributor to privately licensed cannabis retail stores which are expected to be operational effective April 1, 2019. As part of the newly introduced legislation, the Alcohol and Gaming Commission of Ontario (“AGCO”) will administer the licensing framework for the private cannabis retail stores. Various factors will be considered when assessing applications for retail store licenses, including public interest in light of the needs and wishes of the residents of the municipality.

Under Bill 36, the Cannabis Statute Law Amendment Act, municipalities will be able to decide whether to allow privately-operated cannabis stores or to pass a one-time resolution to prohibit stores from operating within municipal boundaries. The resolution must be passed no later than January 22, 2019.

Topics of consideration for municipalities and their leadership to deliberate over include:

  • Consumption guidance at municipally owned or managed properties
  • Implementing appropriate human resources policies and employee education programs
  • Enforcement and training in regard to impaired driving
  • Enforcement and regulation surrounding ability to grow up to four cannabis plants per household

“From preventing people from smoking near schools and government property, to ensuring that cannabis production happens in a safe, regulated environment, and mandating where cannabis retail businesses will be able to operate, local governments must set rules that will impact the way cannabis legalization will affect their constituents,” said Rob Klein, CEO of Imex. “Developing the intricate rules and processes that will govern the legalization of non-medical cannabis is a complex task that government needs to get right. Municipalities will need to make critical decisions about how and when to write new bylaws on a range of issues. Imex is currently working with policy experts and companies with innovative technologies to build out its new GOVCANN platform, as well as leveraging its Government relationships.

About Imex Systems

Imex Systems Inc. is a Canadian software products and solution provider to Governments, Municipalities and Public Authorities in Canada and internationally. Imex primarily focuses on E-Government and the Smart Cities market that also include the integration to payment processing.  The company helps public sector entities to provide “Any Time, Any Where, Any Device and Any Channel” convenience for citizens to access government services and help with digital transformation of government operations and streamline revenue. Imex’s various product and service offerings include: i-Gov – a Digital Government Platform for all levels of governments, which provides all the pre-built components for building an effective Digital Government and supporting payment processing through multiple channels; iCity – a Smart City Solution; and miGov – a Mobile Government Framework.

Forward-Looking Statements

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information in this news release include, but are not limited to, statements with respect to: increased sales from existing customers and new customers and the potential opportunities to be created from the joint venture with BGC related to mobile payments and cyber security. Forward-looking information necessarily involve known and unknown risks, including, without limitation : the need for approvals from the relevant government body; future capital needs and uncertainty of additional financing; the competitive nature of the industry; the effects of product development and need for continued technology change; and those risks set out in the Company’s public documents filed on www.sedar.com.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


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