Global Compliance Applications Corp. reports developments involving blockchain compliance services, Efixii software licensing, wallet technology, and corporate financing activity. Recent company updates describe engagement agreements for blockchain advisory and compliance-related services, including architecture support, smart contract validation and compliance processes tied to digital asset infrastructure.
GCAC news has also covered private placements, debt settlements, medical cannabis and agricultural use cases for Efixii, QR-code product transparency, SaaS licensing, and platform marketing initiatives. Earlier releases emphasized chain-of-custody compliance and data technology for medical cannabis cultivators, while newer releases describe a broader regulated-industry and fintech wallet focus.
Global Cannabis Applications Corp. (CSE: APP, OTCQB: FUAPF) has signed a three-year software licensing agreement with Herb Industries Ltd. for the cultivation of 44 million grams of cannabis in 2022 and 66 million grams annually thereafter. The partnership utilizes the Citizen Green Efixii platform for compliance and consumer transparency. Revenue opportunities are significant, with projected earnings of CDN$.20 per gram plus future data sales. The EU cannabis market is expected to reach €3.2 billion by 2025, driven by consumer demand and regulatory upgrades.
Global Cannabis Applications Corp. (CSE: APP, OTCQB: FUAPF) has marked a significant milestone by receiving its first cash deposit for the Efixii software, transitioning from a technology concept to a commercial product. Over five years, the company invested $6 million in developing Efixii, which now contributes to a robust balance sheet and an expanding customer base. CEO Brad Moore emphasized a focus on execution and growth, highlighting the company's ambition to enhance patient outcomes through advanced cannabis data solutions.
Global Cannabis Applications Corp. (CSE: APP, OTCQB: FUAPF) is finalizing enforcement proceedings regarding a loan of CAD $4,927,075 from Blockshine Technology Corporation. The loan, secured by 13,636,363 shares, will lead to their cancellation, reducing the company’s shares by 7.3%. This action is anticipated to enhance shareholder value. CEO Brad Moore emphasized the importance of securing this loan amount and the benefits of reducing outstanding shares for investors.
Global Cannabis Applications Corp. (FUAPF) announced that CEO Brad Moore's interview with C-Suite TV will air on February 25, 2021. Moore will discuss the company's vision and blockchain technology aimed at improving medical cannabis patient outcomes. Following a lucrative revenue deal with Europe's largest CBD oil producer, the company positions itself in the rapidly growing cannabis industry, projected to reach $147 billion by 2027. GCAC focuses on SaaS licensing and innovative cannabis data technologies.
Global Cannabis Applications Corp. (FUAPF) has signed an MOU with CBD Agrocasa to provide Efixii QR Codes for 400 liters of CBD oil, enhancing consumer confidence. This deal, worth CA$400k, utilizes Efixii’s blockchain technology to ensure accurate product claims and gather user feedback. Agrocasa is Europe's largest CBD producer with over 4,000 hectares of hemp cultivation and a capacity of 30,000 hectares in a decade. The agreement aims to expand Efixii’s application across Agrocasa’s future harvests.
Global Cannabis Applications Corp. (CSE: APP, OTCQB: FUAPF) announced the launch of a Health Canada Cannabis-Consultation feature for its Efixii platform. This feature enables patients to obtain medical cannabis prescriptions from licensed practitioners via in-app consultations. GCAC is in the process of acquiring a Medical Sales License to operate as a non-possession cannabis retailer, enhancing accessibility to medical cannabis in Canada’s $600 million market. The company secured $1 million in funding for this initiative, with plans to utilize a dropship model for certified products.