Intelligent Living Launches Mobile Social420 App
May 5th, 2014
News, Top News
Intelligent Living Inc. [stockquote symbol=”ILIV”], a health and wellness company specializing in web technologies and nutraceutical-based products, recently announced the launch of its mobile Social420 app for Android-based devices. Currently, the app is available in the Google Play Store and features industry news, Puff Wallet for payments, and a directory of cannabis companies.
Social420 is designed to be LinkedIn for the cannabis industry, facilitating connections between various industry parties. For instance, a cannabis grower looking for RFID tags for product packaging could look for a provider using Social420’s directory feature. The Puff Wallet is designed to solve some of the payment issues surrounding the industry given a lack of banking access.
“We established Social420 for the entire bionetwork that makes up the cannabis space,” said Intelligent Living Chief Strategy Officer Josh Eikov. “There are many parts that people don’t think about when they hear the words cannabis or marijuana. The facts are that there are vibrant businesses and really sophisticated businesspeople that are creating jobs in an economy that can no longer be denied.”
ArcView expects the cannabis industry to reach $10.5 billion in size over the next five years, while Benedict Evans researchers found that mobile social networking grew 115% in 2013. These two trends suggest that mobile apps like Social420 could see tremendous growth over the coming quarters and years, particularly as cannabis becomes more regulated and professional services flourish.
In addition to its Social420 subsidiary, Intelligent Living provides a variety of nutraceutical products, wellness products and services, and other platforms related to health and wellness. The company’s flagship brands include Mind360.com, DrLarryDirect.com, Social420.com, and its newly acquired Provectus IT division that provides IT-related services to the growing cannabis industry.
Shares of Intelligent Living fell 6% early during Monday’s session, but are trading up more than 120% over the past three months.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
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