Advertisement
Canada markets closed

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7301
    +0.0003 (+0.04%)
     

  • CRUDE OIL

    82.77
    -0.04 (-0.05%)
     

  • Bitcoin CAD

    88,131.93
    -3,113.20 (-3.41%)
     

  • CMC Crypto 200

    1,387.62
    -36.48 (-2.56%)
     

  • GOLD FUTURES

    2,329.40
    -9.00 (-0.38%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,477.00
    -187.50 (-1.06%)
     

  • VOLATILITY

    15.97
    +0.28 (+1.78%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • NIKKEI 225

    38,460.08
    0.00 (0.00%)
     

  • CAD/EUR

    0.6816
    -0.0003 (-0.04%)
     

The Tech Company Transforming The Cannabis Industry

Baystreet.ca

What’s the genius of Amazon? Simple: control of information. Jeff Bezos turned a little online book store into one of the world’s most valuable corporate behemoths by applying technological solutions to complex problems—creating a model mirrored around the world. Now, a little-known company is trying to duplicate that feat. TruTrace Technologies (CSE:TTT; OTC:TTTSF) is helping other companies “Amazonify” their businesses— creating a niche in the tech world that has yet to be filled. In other words, it has no competitors yet. As any retail firm knows, distribution is essential—it can be the biggest source of additional costs and the perfect place to improve efficiency. Inefficiency can be a killer—a study from 2012 showed that distribution centers lose 3000 hours a year to unproductive workflow. Lack of control over information costs even more—large businesses lost $47 million per year to inefficiencies in data transfer. For any business to compete with companies like Amazon it all comes down to distribution—finding ... Click here to view full article