Benzinga | Sep 1, 2021 01:54PM EDT

VerifyMe Bags Order For 4M Brand Protection Labels From Undisclosed Cannabis Client

* VerifyMe Inc (NASDAQ:VRME) has received an initial order for 4 million VerifyMe technology-enabled labels from a new cannabis-related client. The financial terms of the order were not disclosed.

* The client needs ~3-5 million labels per month on a going-forward basis, although the client is not obligated to order additional labels from VerifyMe.

* These unique VerifyMe codes will provide consumers the ability to authenticate the product using their smartphones. In addition, the brand can provide detailed product specification features.

* Price Action: VRME shares are trading higher by 5.69% at $3.81 on the last check Wednesday.