Global Cannabis Applications Corp. (CSE: APP, FSE: 2FA, OTCQB: FUAPF), a leading developer of innovative data technologies for the cannabis industry, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with One System One Solution (“OS2”) a joint venture of TheraCann International Benchmark Corporation (“TheraCann”) and TKS Ventures dba The Tokes Platform (“TKS”), to establish the infrastructure, technology and services required to create a sustainable supply chain and ecosystem for the cannabis industry. The parties will combine resources to provide software and services comprising a total solution for cultivators, distributors, medical patients & practitioners and regulators.
OS2 is building the world’s first fully integrated genetics-to-patient (fully seed-to-sale) Enterprise Relational Software Program (“ERP”), marketplace, commodity exchange & financial transaction compliance suite fully integrated with a blockchain. The ERP, previously known as the TheraCannSYSTEM, has been deployed as a web-based solution to support vertically integrated industrial cannabis cultivation, processing, packaging, quality assurance, and secure facilities around the world for over 5 years. Current client engagements include locations in Europe, North and South America and Australia. TKS Ventures owns and operates the Tokes Platform, a crypto-asset built on the WAVES blockchain that serves as a means for cannabis businesses to conduct commercial transactions.
OS2 will contribute the ERP (ISO 17025, 2005) and Safe Quality Food compliant web-based software. TKS will contribute expertise and talent related to cryptocurrency economic modeling, and access to the TKS Payment Gateway. TheraCann International will also contribute access and utilization of its patented Bio-Tagging tracking technology. GCAC will contribute its strain specific user and patient feedback, registry database, mobile applications, digital reward system for collecting user and clinical data and artificial intelligence algorithms.
“TheraCann has been providing our ERP solution to Cannabis cultivators around the world for 5 years, helping them improve return on investment, streamline cultivation and processing, improve quality and comply with local regulations, we partnered with TKS to add a cryptocurrency payment solution and full blockchain integration and are now developing a biometric tracking technology,” said Richard Goodman, President of OS2. “This MOU with GCAC adds the critical expertise and technology in collecting and using clinical and patient data with a cryptocurrency reward system.”
“Working with OS2 will accelerate the development of the Citizen Green Community. Together we will establish competitive advantages that position us to be the leader in providing a total solution to the growing global cannabis industry,” said Brad Moore, CEO of GCAC. “The MOU combined with our recently closed financing and addition of partners in the cryptocurrency space, provides GCAC with critical resources to implement our plans.”
About TheraCann International Benchmark Corporation
Founded in 2004, TheraCann International Benchmark Corporation offers a one-stop, full-service solution for the International cannabis marketplace. TheraCann provides business, technology and industry experts who apply advanced technology and help clients design, build and run their cannabis businesses. With nearly 3.5 million square feet of cannabis operations under management by 2019 and the successful launch of ground-breaking Enterprise Resource Planning (ERP) software, Aeroponic cultivation systems and patented genetic tracking and diversion prevention systems, TheraCann provides cannabis-related businesses with solutions to fit their regulatory requirements. More information about TheraCann is available at www.theracanncorp.com.
About Tokes Platform
The Tokes Platform is a digital currency and software development company focused on the legal cannabis industry. Tokes’ core initiatives include a blockchain-based e-payment solutions, industry agnostic point-of-sale software, as well as compliance and provenance management through a dedicated ERP seed-to-sale application. The ERP enables external developer integration through a modular design and improves regulatory compliance through transparency of payments and supply chain management. More details about the company available at www.tokesplatform.org
About Global Cannabis Applications Corp.
Global Cannabis Applications Corp. is a global leader in designing, developing, marketing and acquiring innovative data technologies for the cannabis industry. The Citizen Green platform is the world’s first end-to-end – from patient to regulator – medical cannabis data solution. It uses six core technologies: mobile applications, artificial intelligence, regtech, smart databases, blockchain and digital reward tokens, to qualify candidates for clinical studies. These technologies facilitate the proliferation of digital conversations by like-minded people in the medical cannabis community. Managed by digital and cannabis industry experts, GCAC is focused on viral global expansion by providing the best digital experience in the cannabis market.
For more information about the Company, please visit online at www.cannappscorp.com, or review its profiles www.sedar.com and on the Canadian Securities Exchange’s website (www.thecse.com).
In the interest of full disclosure, we call the reader’s attention to the fact that Equities.com, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by Equities.com to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.
