#CryptoCorner #Podcast: 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
#CryptoCorner #Podcast: 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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