Spotlite360 Iot Solutions Inc. Stock Price, News & Analysis

SpotLite360 IOT Solutions, Inc. has appointed Mr. James Greenwell as its new Chief Executive Officer, replacing Mr. Eugene Beukman, who resigned. Greenwell, who currently serves as the President, is expected to bring leadership continuity. Additionally, Dr. Billy Joe Page has joined the board, enhancing the company's medical and health expertise. SpotLite360 aims to expand its SaaS solutions in logistics, particularly in healthcare, amidst growing regulatory demands for supply chain tracking and accountability.

On October 1, 2021, SpotLite360 IoT Solutions announced the grant of 450,000 stock options to its officers, effective post-market on September 30, 2021. Each option allows for the purchase of one share at $0.24, aligning with the closing price on the Canadian Securities Exchange. This grant is part of a long-term compensation strategy, with an immediate vesting of 75,000 options and subsequent vesting of 75,000 every six months. SpotLite360 focuses on logistics technology, utilizing IoT and machine learning to enhance supply chain transparency.

SpotLite360 IOT Solutions, Inc. (OTC: SPLTF) has announced significant milestones achieved in Q3 2021. The Company began trading on the Canadian Securities Exchange in June 2021 and has launched its software-as-a-service (SaaS) solution in various sectors including pharmaceuticals, healthcare, and cannabis. In Q3, SpotLite360 secured two license agreements in Colorado and established its first reseller relationship with Apollo Sciences. Additionally, the company rebranded to reflect its focus on innovative supply chain solutions utilizing IoT technologies.

SpotLite360 IOT Solutions, Inc. (CSE: LITE, OTC: SPLTF) has entered a reseller agreement with Apollo Sciences to promote its software-as-a-service (SaaS) platform among hemp farmers in the U.S. Apollo, a key player in the hemp industry, intends to leverage SpotLite360's technologies for enhanced supply chain efficiencies. This partnership aims to provide hemp producers with tools for regulatory compliance and data tracking. SpotLite360's technologies offer significant value in addressing supply chain visibility issues in the cannabis sector, a crucial aspect for business growth.

Spotlite360 Technologies, Inc. (SPLTF) has established a one-year partnership with Sewald Hanfling LLC to enhance business development for its SaaS supply chain solutions targeting healthcare, pharmaceuticals, and cannabis sectors. Sewald Hanfling, a public affairs firm, will facilitate introductions and policy guidance, leveraging their network for potential market expansions. The partnership aims to increase pipeline growth and revenue opportunities using blockchain and IoT technologies, aligning with evolving regulations in these industries.

Spotlite360 Technologies Inc. will change its name to SpotLite IOT Solutions Inc. effective August 24, 2021. The stock symbol will remain LITE on the Canadian Securities Exchange. The change aims to better represent the company's focus on IoT technologies, enhancing visibility for clients in supply chains. Shareholders do not need to take any action regarding the name change, and existing share certificates remain valid. For inquiries, investors can contact the company's investor relations department.

Spotlite360 Technologies has entered a master terms agreement with Peak Dispensary to integrate its technologies into Peak's operations amid its planned expansion into at least five new states. The agreement aims to enhance supply chain visibility and product integrity, addressing the complex regulatory landscape of the cannabis industry. Spotlite360’s solutions leverage IoT and blockchain technologies to optimize inventory management and regulatory compliance. With a focus on tracking the provenance of cannabis products, this partnership positions both companies to maximize operational efficiency.