SpotLite360 IOT Solutions, Inc. Executes Strategic Relationship with American Cannabis Consulting, Inc.

SpotLite360 IOT Solutions, Inc.

SpotLite360 IOT Solutions, Inc.

DENVER and VANCOUVER, British Columbia, April 05, 2022 (GLOBE NEWSWIRE) — SPOTLITE360 IOT SOLUTIONS, INC. (“SpotLite360” or the “Company”) (CSE: LITE) (OTC: SPLTF) (Frankfurt: 87A) announces that it has entered into a Master Agreement dated March 30, 2022 (the “Framework Agreement’) to establish a strategic relationship with American Cannabis Consulting (OTCQB:AMMJ) (ACC) an independent party of the company. Based in Denver, Colorado, ACC is a nationally recognized business-to-business cannabis consulting solutions provider and licensed owner-operator with a number of prominent brands and corporate relationships. First February 25, 2022ACC announced a partnership with cannabis brand Bubba Kush.

Under the terms of the master agreement, both companies will work together on joint consulting assignments to leverage their combined strengths. SpotLite360’s recent announcement of acquiring a majority stake in E3 service group, combined with SpotLite360’s SaaS-based technology and ACC’s vast experience in indoor cannabis cultivation, is able to offer best-in-class design, build, total cost of ownership, production and financial returns. SpotLite360’s technology provides transparency in the supply chain, including the required proof of sustainability claims.

James Greenwell, President and CEO of SpotLite360 commented, “Our companies share a common vision to help our customers make data-driven decisions – across a sustainable agricultural supply chain. SpotLite360 looks forward to working with ACC to ensure process efficiencies, support regulatory and compliance requirements, improve product quality and provide consumers with the proof of ESG claims they are now demanding. Our engineering designs and supply chain platform will drive best-in-class models for optimal agricultural cultivation.”

Both companies are currently working together on significant client opportunities in seven (7) different states. Most of the projects are new build opportunities with several in advanced discussions. Joint announcements are expected for the remainder of 2022.

Ellis Smith, Founder and CEO of ACC, said: “Investors and operators agree that the future of cultivation is not based on old-school mechanical systems, but rather on technology, IoT, automation and data-driven analytics. We believe that consistent, repeatable, high-quality products are a direct result of good design, good engineering, best practices, good systems, good data, and good decisions. Together, our companies will enter into more than just a consulting agreement, a design or an installation with our customers, but create decades of mutual success.”

On behalf of the Board of Directors of the Company,

SpotLite360 IOT Solutions, Inc.

“James Greenwell”

James Greenwell, President and CEO

For more information on SpotLite360, visit: http://spotlite360.com

Karl Lee
Investor relations and media inquiries
+1 (720) 830-6120
ir@spotlite360.com

THE CANADIAN SECURITIES EXCH (“CSE”) HAS NOT VERIFIED THE ACCURACY OR ADEQUACY OF THIS NOTICE AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS NOTICE, NOR HAS OR DOES THE REGULATORY SERVICE PROVIDER OF THE CSE.

About SpotLite360 IOT Solutions, Inc.

SpotLite360 is a logistics technology solutions provider that unlocks value, opportunity and efficiency for all participants in a supply chain. SpotLite360 builds on existing applications of IoT technologies, distributed ledgers and machine learning and strives to set new standards for transparency, integrity and sustainability in the pharmaceutical, healthcare and agriculture industries. As regulators around the world begin to impose new traceability and accountability requirements to protect consumers (eg, DSCSA and FSMA of the US Food and Drug Administration) the need for reliable, cost-effective and versatile tracking technology is expected to increase significantly. SpotLite360’s flagship SaaS solution is designed to seamlessly track a product’s movement by integrating with the systems of all key participants in a supply chain that stretches from raw materials to the hands of the end user. With the primary goal of onboarding new customers in 2021, SpotLite360 plans to explore innovative use cases for its proprietary technology stack that could transform logistics operations in some of the world’s largest industries.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws relating to the Company. The forward-looking information contained in this press release is not based on historical facts but is based on the Company’s management’s expectations regarding the future growth of the Resulting Issuer, its results of operations, performance, business prospects and opportunities. This press release uses words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions to identify forward-looking information. Such forward-looking information reflects the current beliefs of management of the Company based on information currently available to it.

This forward-looking information includes, among other things, statements related to: the Company’s relationship with ACC to provide process efficiencies, support for regulatory and compliance requirements, improved product quality and demonstrate ESG claims on joint consulting engagements; the Company’s intentions, plans and future actions; statements regarding the business and future activities of the company; expected developments in the operation of the company; market position, competitiveness and future financial or operational performance of the company; the timing and amount of funding required to execute the Company’s business plans; company capital expenditures; the impact on the Company of changes in existing or new laws or regulations or governmental regulations; the length of time required to obtain permits, certifications and approvals; labor availability; estimated budgets; currency fluctuations; additional capital requirements; limitations on insurance coverage; the timing and potential outcomes of regulatory and permitting matters; Gates; strategies; future growth; the adequacy of financial resources; our expectations for income, expenses and anticipated liquidity needs.

In addition, all statements that address expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Forward-looking statements are based on certain assumptions and analyzes made by the Company in light of its experience and perception of historical trends, current conditions and anticipated future developments and other factors it believes appropriate, and are subject to risks and uncertainties. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect and there can be no assurance that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, prospective investors should not place undue reliance on these forward-looking statements. Whether the Company’s actual results, performance or achievements will meet the Company’s expectations and projections is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those detailed in the Company’s non-offering prospectus dated May 26, 2021.

If any of these risks or uncertainties materializes, or if the assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from those anticipated in the forward-looking statements. Information contained in forward-looking statements in this press release is provided as of the date of this press release, and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information or future events or results, except to the extent required by applicable securities laws is required. Accordingly, prospective investors should not place undue reliance on any forward-looking statements or the information contained in such statements.

Any forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

Statement on External Investor Relations Firms

Details of investor relations firms engaged by SpotLite360 IOT Solutions, Inc. can be found under the company’s profile http://sedar.com.

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