Parsl Partners With Avery Dennison Smartrac For High Tech Tags

September 1, 2021 3:24 PM | 1 min read | Make a Comment

Parsl, a seed-to-sale compliance-and-tracking company, announced a strategic partnership with Avery Dennison Corp's AVY Avery Dennison Smartrac, an RFID and NFC tag manufacturer. The financial terms of the deal were not disclosed.
The partnership will encompass helping the cannabis industry communicate effectively and securely through technological collaboration.
This partnership will benefit from leveraging the technological intellectual property of Parsl and the manufacturing capabilities of NXP and Avery Dennison Smartrac.
Combining this IP will enable Parsl to provide better, verifiable insights to global cannabis consumers and grow market share in the cannabis industry.
Price Action: AVY shares are trading higher by 0.37% at $226.23 on the last check Wednesday.

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