AppSwarm Inc (OTCMKTS: SWRM) Might be a Cannabis Ancillary Sleeper

AppSwarm Inc (OTCMKTS: SWRM) Might be a Cannabis Ancillary Sleeper

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AppSwarm Inc (OTCMKTS: SWRM) is rallying on news of contract for its DeliverySwift platform. SWRM signed a deal with “I Heart Canna” to help navigate track and trace laws, we assume in California as that is where the company is located. Under the agreement, DeliverySwift will provide all of the backend support and help grow their business model.

This is a positive development for SWRM as the last time we mentioned them it was for their work with Singlepoint SING. And this is really what SWRM is good at – taking a company’s technology needs and building applications and solutions to accommodate operational gaps.

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 company’s 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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This deal has the potential to trigger other offers as ‘I Heart Canna’ is just one of many delivery operators that will be needing some assistance working through the METRC system.

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. 

Earning a current market cap value of $5.64M, SWRM has 204.97M outstanding shares and has seen strong volume over the last 10 days of 9.7M on average. The company is starting to get some attention for their DeliverySwift platform and we expect more interested parties may be signing up. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $SWRM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $SWRM, either long or short, and we have not been compensated for this article.

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