NexTech to Acquire EdCetra Augmented Reality Platform.

MANews-(C)2009-2018

7 December 2018 - Canada-based NexTech AR Solutions Corp. (OTC: NEXCF) has exercised its option to acquire eLearning on demand platform edCetra, to relaunch in January 2019, the company said.

As compensation for the sale, edCetra will receive 300,000 shares of NexTech AR Solutions stock.

Since signing an exclusive license agreement in May 2018, NexTech has been working on integrating augmented reality into the edCetra platform, which is now complete.

The company is preparing the eLearning platform for a re-launch with the added augmented reality feature. NexTech sees education and training as another substantial opportunity where augmented reality can transform an entire industry.

NexTech's e-learning platform edCetra provides an augmented reality training and education platform for the cannabis industry, and also plans to expand into other industries in the future.

NexTech AR Solutions Corp. (CSE: NTAR) (FSE: N29) is bringing augmented reality to the Cannabis market by turning 2D products into exciting 3D consumer experiences.

The company is currently developing a proprietary and disruptive augmented reality advertising and education platform that uniquely engages by connecting brands and retailers through a fully immersive 3D AR experience called Native AR.

Country: Canada

Sector: Computer Software

Target: edCetra

Buyer: NexTech AR Solutions Corp

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing: Stock

Status: Closed

Buyer advisor: , ,

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