Ontario-based TokeText acquires Goodtimes’ Super & Boozer platforms

TokeText, a lifestyle and distribution brand in the cannabis space, has recently announced that it has acquired Goodtimes Ltd., the parent company of Canada’s first multi-retailer ecommerce platforms for on-demand adult-use cannabis (Super Anytime) and alcohol (Boozer Delivery).

Unveiled in 2017, Goodtimes was founded by Michael Kniazeff and Ian Delves, acquiring around 130 unique qualified doors across five provinces via its platform and processing around $3.5 million of GMV (gross merchandise value) since the beginning.

Goodtimes is an operator with a group of tech-enabled assets that allow the complete integration of real-time inventory, payments, point-of-sale, and direct-to-consumer fulfillment via entrenched e-commerce and marketplace offerings.

The firm can monetize successfully via SaaS, data sales, GMV commissions and white-label e-commerce.

Using Whitelabel e-commerce, Goodtimes offers brands a fully traced sales funnel and a 360-view on their product accessibility nationwide. Brands can let their audiences buy from their partner retailers with a complete marketing and sales performance evaluation.

Goodtimes offers retailers and brands a complete set of integrated and robust e-commerce, analytics and tech solutions.

TokeText properties adding Goodtimes will offer the right omni-channel understanding to consumers of adults who use alcohol and cannabis with the addition of the latter’s patented instant-purchase shopping technology to the group of consumer-focused features aided by its native Android, iOS, and web e-commerce platforms.

Jeremy Potvin, CEO, TokeText, said that the firm is thrilled to welcome the team of Goodtimes, the community of consumers, and the technology platform into the TokeText ecosystem.

The combined technologies, engagement strategies, and customer bases will offer consumers superior product discovery, easier repeat ordering, and instant purchase options while delivering the retailers with zero abandon carts, greater results, and deeper relationships with their consumers.

About TokeText:

TokeText is an Ontario-based cannabis technology company that helps its retail customers increase revenue, grow their reach, and turn customers into loyal shoppers by its proprietary SMS-based instant-purchase e-commerce platform.

Source Credit - https://www.globenewswire.com/news-release/2021/12/27/2358112/0/en/TokeText-Acquires-Goodtimes-Ltd-s-Boozer-and-Super-Platforms.html

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