VANCOUVER, BC, CANADA (October 17th, 2019) – Victory Resources Corporation (CSE: VR) (FWB: VR61) (OTC: VRCFF) (“Victory” or the “Company”) announces that the company has signed a Letter of Intent (LOI) and entered into formal due diligence toward an investment in a company in the market research and data analytics space with a specialty focus on cannabis consumers called the CIA – Cannabis Intelligence Agency Inc. (CIA).
“We have been presented with multiple opportunities to invest in businesses that have the potential to generate new value propositions in their fields,” said Mr. David Lane, Victory President and CEO. “Upon learning about this new opportunity, one that takes a data driven approach to understanding a new industry from inception, and being able to translate that into meaningful information for decision making, we were highly intrigued and are excited to formalize a due diligence process while the CIA advances. In addition to revenue generation with different client types, including companies and legislators, we see tremendous value in the treasure trove of the data itself.”
About the CIA
The CIA’s vision is to be the leading market research and consumer insights group for the cannabis industry, employing a data-driven approach to empower our clients in gaining a competitive advantage in an emerging and competitive market.
“The CIA has been designed to provide credible research to help our clients understand their target market in relation to their brand, products and services,” said Founder, Derek Mager. “We do not just deliver data, we integrate the qualitative and quantitative findings to produce a cohesive story reflecting the objectives and implications of the results in a relevant, meaningful and actionable manner.”
As a diversified investment corporation, Victory is looking at multiple investment opportunities, including data and analytics, and anticipates that a potential investment in the CIA would be a long-term investment in a company that will deploy analytics and expertise to unveil consumer insights, providing a unique value proposition for clients including licensed producers, retailers, legislative bodies, research entities etc., and for the overall industry.
For further information, please contact:
David Lane, President
Telephone: +1 (236) 317 2822
About Victory Resources Corporation
VICTORY RESOURCES CORPORATION (CSE: VR) is a publicly traded diversified investment corporation with mineral interests in North America. The company is also currently seeking other opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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