SEATTLE--(BUSINESS WIRE)--düber Technologies Inc., a software-as-a-service (SaaS) provider serving the cannabis industry, today announced its Initial Coin Offering (ICO). The Pre-sale will start at 15:01 UTC on Oct 11. The ICO will use a SAFT (Simple Agreement for Future Tokens) structure conducted under Rule 506(c) of Regulation D of Section 4(a)2 of the U.S. Securities Act, as amended (the “U.S. Securities Act”) which accredits token buyers as investors.
The düber token (DBR) is intended to incentivize and improve information exchange in the cannabis community, including consumers, retailers, labs, processors and growers. Examples are rewarding community members for providing product information and photos, submitting product reviews, participation in loyalty programs and interaction with advertising and other communication channels. Blockchain technology will measure and allocate growth in economic surplus throughout the supply chain as a result of increased information exchange across all network participants. The DBR is an Ethereum (ETH) blockchain cryptocurrency that can be used within the network to pay for goods and services provided by licensed cannabis businesses.
“At düber, we believe that we have the unique opportunity to transform the cannabis industry through incentivizing the creation and sharing of information, which benefits all patients, consumers and businesses,” said Glenn Ballman, founder of düber. “We have chosen the SAFT ICO structure, and combined it with a broad-based seeding program to enable a wide distribution of the tokens to members of the cannabis community.”
düber is an emerging leader of technology and services within the cannabis industry. The company provides integrated retailer and supply chain solutions including online ordering, supply chain management, retail automation and advertising and has a healthy track record of growing sales for cannabis retailers.
“We began implementing düber’s technology in 2016 and have seen sales and order sizes increase as customers order online, use self-serve systems located in the store and respond to product advertising,” said Nick Antonie, owner of Herban Legends, Seattle. “We believe in the vision düber has for the future of the industry and appreciate how its technology allows us to deliver a superior customer experience.”
To visit düber’s ICO website, including the white paper and the private placement memorandum prepared in connection with the ICO, visit www.dubercoin.com. The private placement memorandum contains information on the offering, including details on purchaser qualification requirements and risk factors.
About düber Technologies Inc.
Headquartered in Seattle, WA, düber Technologies Inc. is a software-as-a-service (SaaS) provider serving the cannabis industry. düber’s mission is to help small companies compete with large corporations through superior technology. The company currently provides customers with online ordering, self-serve systems, global product search, digital signage and advertising products and has plans to launch several more including retail point of sale and a home delivery engine for retailers. düber operates in state jurisdictions that have legalized both medical and recreational cannabis, and assists with compliance of the laws of these jurisdictions. To learn more about düber Technologies Inc., please visit www.duberpartners.com.
About the düber SAFT ICO
The SAFTs will only be offered in the United States on a private placement basis pursuant to exemptions from the registration requirements of the U.S. Securities Act and in Canada by way of private placement exemptions from Canadian prospectus requirements, in each case to qualified “accredited investors” only. All securities issued will be subject to restrictions on re-sales in accordance with applicable securities laws. The SAFTs have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction where such offer or sale is prohibited or unlawful.