Danavation (DVN): The Future of Digital Retail Technology

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Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

Danavation Technologies Corp (CNSX: DVN) is an Internet of Things (IoT) technology company with products that have vast applications across the retail industry and beyond. Mainly, Danavation has developed micro e-paper displays, named Digital Smart Labels™ (DSL), which digitize the retail experience – automating labeling, price, product information, and promotions.

As John Ricci, Danavation Technologies Corp President & CEO says “we are digitizing a tedious, archaic method of pricing and taking it into the next century.”

These colour displays update pricing and product information in real-time to improve operational efficiency, reduce labour costs, and unlock dynamic pricing. As an example, retailers having to update price tags and product information using traditional paper tags takes time, is very labour intensive, results in a high possibility of errors, and involves a lot of event planning. Danavation solves these issues to allow current employees to concentrate on other retail initiatives.

DSL’s are also desirable as economies reopen from the pandemic. As Danavation’s system uses technology with fewer employee touchpoints, the risk of contamination is reduced.

The Company’s IoT automation technology is already being used as a software platform-as-a-service (PaaS) at many North American retailers. From big-box chains to boutique grocers, as well as healthcare providers, manufacturing, and logistics companies. Danavation is also currently working with the U.S. military for further applications of its technology.

With 30 years of retail solutions experience running Dana Industries Inc, Danavation’s management team is positioned to leverage existing relationships with customers like Walmart, Longos, Loblaws, McKesson, Toy R Us, and LCBO – to name a few.

John Ricci, President & CEO sees “continued growth to be driven by the development of new proprietary products and services within the retail and grocery segment.”

Watch the full interview to learn Danavation’s business plan, their current client pipeline, future projects/growth catalysts, and why this could be the early stages of a new retail experience.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.