BRAMPTON, Ontario – (BUSINESS WIRE) – DATA Communications Management Corp. (TSX: DCM) (“DCM” or the “Company”), a leading provider of marketing and business communications solutions to businesses across North America, is well positioned to benefit from the consolidation of Canadian cannabis licensed producers (“LPs”) . DCM has established itself as the industry leading provider of labeling, packaging and marketing workflows for the Canadian cannabis market. The company’s proprietary technology platform offers variable, direct web-to-print and digital labels, and simplifies the complexities of cannabis label delivery, including managing strict regulatory and packaging compliance requirements and meeting requirements for on-demand delivery .
“With our technology-based solution, combined with manufacturing scale, consistent quality, and proven speed-to-market, we help customers maintain brand and regulatory compliance, automate workflows across multiple stakeholders, and provide unique reporting and fast turnaround capabilities.” said Shelly Anwyll, senior vice president, North America Emerging Markets, DCM.
DCM has more than 25 of the leading Canadian LPs as customers. Since entering the cannabis label market in late 2017, that sector has grown to approximately 5% of DCM’s total sales of $ 260 million in fiscal 2020. DCM manages more than 4,500 SKUs for its Canadian cannabis customers and to date has manufactured more than 225 million Health Canada cannabis-compliant cannabis labels and packaging products.
“Given our success in supporting leading manufacturers in the Canadian market with our innovative digital platform, DCM is well positioned to capitalize on the current M&A activity of cannabis producers and further increase our market penetration,” said Richard Kellam, President and CEO of DCM. “We are also well positioned for growth opportunities in the US market as legislation there evolves. Our technology solution, which has been further developed in the very strictly regulated Canadian market, enables versioning at the state level and can meet the complex compliance requirements faced by cannabis operators from several states in several countries. ”
ABOUT DATA COMMUNICATIONS MANAGEMENT CORP.
DCM is a communications solutions partner that brings value to large businesses by creating more meaningful connections with their customers. Our technology-based content and workflow management capabilities solve the complex branding, communication, logistics and regulatory needs of leading Canadian companies. We combine customer knowledge and thought leaders with cutting edge products, modular technology and services to drive our customers’ go-to-market strategies. We help our clients manage how their brands are brought to life, which channels are right for them, manage multimedia campaigns, deliver location and 1: 1 marketing, run custom loyalty programs, and have their commercial printing needs in one place fulfill.
Our extensive experience has positioned us as experts in providing communications solutions in many industries including the financial, retail, healthcare, cannabis, energy and public sectors. Thanks to our locations throughout Canada and the USA, we meet the various requirements of our customers with the scalability, speed and efficiency – no matter how large or complex the requirements are – that are provided by our technology-based service model.
For more information on DATA Communications Management Corp. can be found at www.datacm.com and in the DATA Communications Management Corp. Disclosure documents submitted to the Electronic Document Analysis and Retrieval System (SEDAR) at www.sedar.com.
Certain statements in this press release constitute “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that could cause actual results, performance, goals or achievements of DCM or industry results to differ materially from future results , Goals or achievements expressed or implied by such forward-looking statements. In this press release, words such as “may,” “would,” “could,” “will,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “plan,” “and other similar words are used Expressions are intended to identify forward-looking statements. These statements reflect DCM’s current beliefs with respect to future events and operating performance, based on information currently available to DCM, and speak only as of the date of this press release.
These forward-looking statements involve a number of risks, uncertainties, and assumptions and should not be taken as a guarantee that future performance or results will be achieved, including the continued performance of the regulated cannabis sector, the risk of mergers and acquisitions currently taking place in the sector does not close and DCM’s ability to successfully expand its penetration in the cannabis market. Many factors could cause the actual results, performance, goals or achievements of DCM to differ materially from future results, performance, goals or achievements that may be expressed or implied by such forward-looking statements. Additional factors are discussed under the headings “Liquidity and Capital Resources” and “Risks and Uncertainties” in the discussion and analysis of DCM management, the annual information form and other publicly available disclosure documents published by DCM on SEDAR (www.sedar.com) were submitted. .
Should one or more of these risks or uncertainties materialize or should the assumptions underlying the forward-looking statements prove to be incorrect, the actual results may differ materially from the results described in this presentation, as intended, planned, expected, assumed, estimated or expected. Unless required by applicable securities law, DCM does not intend or assume any obligation to update these forward-looking statements.