DALLAS, Texas, Jan. 23, 2018 (GLOBE NEWSWIRE) — Bayport International Holdings, Inc. (OTC Pink: BAYP) is pleased to announce that its sales purchase agreement with 420skybnb.com has officially begun closing and is expected to be fully-executed within the next ten days. This will allow Bayport to have a minority interest within the cannabis tourism technology platform, further diversifying the company’s cannabis technology ecosystem.
Once the 420skybnb purchase agreement is fully-executed, Bayport International will have three cannabis technology platforms:
Weedwiser.com: platform that allows consumers and entrepreneurs to find cannabis merchants. E-commerce platform continues development, more details shortly.
Ecannago.com: platform that will provide a wide range of tools for cannabis companies to advertise, list, market, and sell their brand of products. Platform is currently under construction.
420skybnb.com: platform that focuses on cannabis tourism and travel accommodations. Connecting cannabis travelers with approved hosts for short-term renting.
On January 22, 2018, Vermont officially became the ninth US State to have legalized recreational cannabis use for adults. Vermont Governor Phil Scott signed the bill into law, which will take effect on July 1, 2018. Under the new laws, adults will be allowed to possess up to 1 ounce of cannabis, two mature and four immature plants. Vermont becomes the first state to legalize recreational cannabis through the legislature.
As the recreational cannabis market continues to expand in 2018, cannabis tourism is expected to surge as a result. This shows that 420skybnb is in a very high-growth sub-segment of the cannabis industry, which still remains in its very early stages.