#Crypto and #Cannabis Combine:
Global Cannabis Applications Corp. (CSE: $APP.C) (FSE: 2FA) (OTCQB: $FUAPF) CEO
Breaks Down Company's Uniswap Token and Efixii Deal with Herb Industries Ltd. @CitizenGreenWld
Point Roberts, WA, Delta BC-May 11, 2021
- Investorideas.com, a leader in crypto
and blockchain investing news brings you today’s special edition of the Crypto Corner podcast featuring an exclusive interview
with Brad Moore, CEO of Global Cannabis Applications Corp. (GCAC) (CSE:APP) (FSE:2FA) (OTCQB:FUAPF). Mr. Moore discusses his company’s
use of blockchain and decentralized finance (DeFi) in the medical cannabis
space.
Global Cannabis Applications Corp, (“GCAC”) is a
global leader in designing, developing, SaaS licensing and acquiring innovative
blockchain data technologies for the medical cannabis industry.
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From the interview:
“This
is a form of end-user marketing to that market segment that uses both medical
cannabis and decentralized finance,” Moore said.
A
recent press
release
announced launch of the GCAC token on Uniswap on the Ethereum (ETH) blockchain. The token was built and is operated by Abbey
Technology, a Uniswap-based DeFi service provider. Moore pointed out that
GCAC’s relationship to the token is through a marketing contract with Abbey.
“They
created the token, and we engaged in a marketing contract with them to use our
name in association with the token,” he said.
Moore
explained in the press release:
“First and
foremost, We - Are - Blockchain. So, I’m delighted to expand our marketing
reach to fellow blockchain proponents. Cannabis consumers come in many forms
and I am really excited to be marketing directly to the Uniswap DeFi community
and raising awareness of cannabis efficacy and quality amongst this rather
liquid demographic.”
A
key feature of the token is GCAC’s commitment to purchase GCAC tokens on
Uniswap with one percent of its quarterly revenues.
“What’s
interesting, as part of our marketing contract, is that we committed to invest
one percent of our top-line revenue,” Moore said. “That’s why when you look at
next year’s deal with Herb Industries, it has the potential to add $160,000
into the liquidity pool.”
“The
whole idea is that we’re investing our hard-earned dollars into the liquidity
pool in a buyback, so actually, people can see us putting money into the
program and as the company grows, it legitimizes what that token actually
means.”
The
deal with the Malta-based Herb Industries Ltd. was announced in a press
release
on April 13, 2021 and involves a definitive three-year software licensing
agreement wherein GCAC will license its Citizen Green Efixii platform as part
of the former’s “‘technology farm’ for use in its cannabis compliance and
consumer transparency.” Efixii is an app that tracks the full cycle of cannabis
cultivations, represented by a QR code.
“With
cannabis, because it’s such a complex plant, you actually have to measure it on
a per gram basis of consumption,” Moore said. “So think about that. All the
data points from it growing; all the way through cultivation, all the way
through testing, all the way through manufacturing – if it’s going into an
edible or into an oil-based product – and all the way to consumption. And
then we measure your experience with the Efixii app … and put that on the
blockchain. Now we’re getting to the point where we’ve got consumption, on a
per gram basis, overlaid with thousands of other people.”
Moore
explained the utility of the data that the company accrues can be leveraged by
regulators.
“Once
you get big data like that, you can do some interesting things,” he said. “Most
importantly, a regulator – when there’s a lack of data – can look at
that and write meaningful regulations. We’re actually doing this project on
behalf of consumers, for the whole point of regulators being able to get behind
this and see what a working blockchain can actually do.”
About Global Cannabis
Applications Corp. “GCAC”
GCAC
is a global leader in designing, developing, SaaS licensing and acquiring
innovative data technologies for the medical cannabis industry. The Citizen
Green and Efixii platforms are the world's first end-to-end - from patient to
regulator - medical cannabis data solutions. They use six core technologies:
mobile applications, artificial intelligence, RegTech, smart databases,
Ethereum blockchain and GCAC smart rewards. These technologies transparently
disclose cannabis chain-of-custody events, thereby enabling patients to provide
crowd-sourced medical cannabis efficacy data. Driven by digital and cannabis
industry experts, GCAC is focused on generating revenue from SaaS licensing its
technology and acquiring high quality cannabis datasets that improve patient
outcomes and to become the world’s largest cannabis efficacy data provider.
For
more Company information, please visit www.cannappscorp.com, or review its profiles on
www.sedar.com and on the Canadian Securities Exchange's website www.thecse.com.
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