After promoting its distributor and buyer base data to TranzactCard, Kannaway is now strolling again its “strategic partnership”.
A brand new warning advises distributors to maintain their Kannaway and TranzactCard advertising and marketing separate.
Again in July Kannaway gushed constructive concerning the prospect of its distributors signing up with TranzactCard.
TranzactCard is a superb match for you and Kannaway as a result of it gives extra leverage to your clients and extra earnings potential for you with out interfering together with your Kannaway enterprise.
Earlier this month BehindMLM then realized government Invoice Andreoli (proper), who’d solely been with Kannaway for a yr, was ditching the corporate alongside together with his “government group”.
Following his look on webinars, Andreoli is believed to have accepted an government place at TranzactCard.
In distinction to its earlier introduced “strategic partnership”, Kannaway has now suggested distributors;
We would like our valued Model Ambassadors to know that Kannaway will not be in partnership or affiliated with TZT, LLC, doing enterprise below the title “TranzactCard”.
Additional we don’t endorse any of the companies or merchandise supplied by TranzactCard.
The explanation for Kannaway’s backflip is unclear. I think nonetheless it is perhaps all the way down to a disagreement between Andreoli and Kannaway CEO Tim Scott.
With respect to Kannaway distributors who purchased into the introduced “strategic partnership”;
In case you are contemplating the prospect of collaborating with TranzactCard, Kannaway recommends conducting your individual thorough analysis and due diligence earlier than making any choices.
Please be suggested that each one Kannaway Model Ambassadors should kindly chorus from sustaining or posting any content material associated to TranzactCard in your Kannaway related social media account, as doing so can be a violation of Kannaway’s Coverage [sic] and Procedures.
SimilarWeb tracked simply ~15,000 visits to Kannaway’s web site in September 2023. Father or mother firm Medical Marijuana’s inventory value is at half a cent, down from a excessive of 10 cents in February 2021.
Whether or not Kannaway folds or manages to show issues round stays to be seen.
Unusual issues are additionally happening over at TranzactCard. Yesterday the corporate ordered its distributors to delete all promotion materials for unspecified compliance causes.
So far as we all know, TranzactCard stays scheduled to launch on November twelfth.