Silver Scott Mines Signs Development Deal with Everest Networks to Redevelop Kanab.club and Launch Kanab Token

Rhea-AI Summary

Silver Scott Mines (OTC Pink:SILS) has announced a strategic partnership with Everest Networks to redevelop Kanab.club into a cannabis-focused social network platform and launch the Kanab Token. Under the agreement, SILS will own 30% of the projects in exchange for development contributions.

The platform will feature a dual-approach strategy: a consumer-facing social network for cannabis enthusiasts with features like strain reviews and growing journals, and a business platform offering analytics, marketing tools, and compliance modules. The integration includes weed.trustnft.io as a freemium anti-counterfeiting solution.

Positive

• Strategic acquisition of 30% ownership in both Kanab.club and Kanab Token projects
• Dual revenue potential from both consumer social network and business-focused platform
• Integration of anti-counterfeiting technology through weed.trustnft.io enhances platform value

Negative

• Development costs and timeline not disclosed
• Highly competitive market in both cannabis and social networking sectors
• Regulatory uncertainties in cannabis industry could affect platform adoption

News Market Reaction

+10.82%

1 alert

+10.82% News Effect

On the day this news was published, SILS gained 10.82%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Dual-platform strategy integrates cannabis consumer social networking, and business tools for cannabis industry participants

FRANKLIN, NEW JERSEY / ACCESS Newswire / September 11, 2025 / Silver Scott Mines, Inc. (OTC Pink:SILS) (the "Company") today announced it has signed an official development agreement with Everest Networks to redevelop Kanab.club into a true cannabis-focused consumer social network. The deal also includes the development of the Kanab Token, designed to drive engagement and transactional utility across the platform.

Under the agreement, Silver Scott Mines will own approximately 30% of the projects in exchange for development contributions, aligning shareholder value with the long-term growth of both the crypto and cannabis digital ecosystems.

The consumer-facing Kanab.club will provide a clean, modern, and easy-to-navigate social hub for cannabis enthusiasts to connect, share experiences, and showcase products. Features will include user profiles, strain reviews, growing journals, messaging, and community groups, all designed with mobile-first usability and privacy safeguards.

A parallel business platform will enable cannabis growers, brands, and shops to access advanced tools, including analytics dashboards, marketing features, consumer insights, and regulatory compliance modules. Importantly, the platform will integrate weed.trustnft.io as a freemium anti-counterfeiting and authenticity solution, giving cannabis companies a way to validate products and build consumer trust.

"This project represents a bold fusion of social networking, crypto innovation, and cannabis industry technology," said Stuart Fine, CEO of Silver Scott Mines, Inc. "By building both a consumer hub and a business ecosystem, we're creating a network effect that benefits creators, cannabis enthusiasts, and businesses alike, while positioning Silver Scott Mines as an innovator in the digital space."

About Everest Networks, Inc.

Everest Networks, Inc. is a Wyoming-based company established in 2019. It has successfully built and launched social media and networking technologies, including Kanab.club.

About Silver Scott Mines, Inc.

Silver Scott Mines, Inc. (OTC Pink: SILS) is a diversified technology and software development company with interests in digital asset infrastructure, tokenized natural resources, fintech innovation and healthtech solutions. Through strategic development and acquisitions, the Company aims to build shareholder value across traditional and emerging sectors.

Learn more about our ETF platform: www.YourCryptoETF.com
Learn more about our seedless crypto wallet: www.seedlesswallet.com
Trade crypto here: www.silverscottexchange.com
Other sites owned by SILS: www.silverscotttoken.com | www.peachhim.com | www.trustnft.io | www.eggplanther.com | www.rivalmemecoins.com

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially due to factors discussed in the Company's filings and other public disclosures. The Company undertakes no obligation to update any forward-looking statements, except as required by law.

Contact:
Stuart Fine
CEO
Silver Scott Mines, Inc.
908-356-9852

SOURCE: Silver Scott Mines Inc

View the original press release on ACCESS Newswire

FAQ

What is the new partnership between Silver Scott Mines (SILS) and Everest Networks?

Silver Scott Mines has partnered with Everest Networks to redevelop Kanab.club into a cannabis-focused social network and launch Kanab Token, with SILS owning 30% of the projects.

What features will the new Kanab.club platform offer?

The platform will offer user profiles, strain reviews, growing journals, messaging, and community groups for consumers, plus analytics dashboards, marketing features, and compliance modules for businesses.

How much ownership will Silver Scott Mines have in the Kanab.club project?

Silver Scott Mines will own approximately 30% of the projects in exchange for development contributions.

What is the Kanab Token and its purpose?

Kanab Token is designed to drive engagement and transactional utility across the Kanab.club platform, integrating crypto innovation with cannabis industry technology.

How will the platform address product authenticity concerns?

The platform will integrate weed.trustnft.io as a freemium anti-counterfeiting and authenticity solution to help cannabis companies validate products and build consumer trust.