11:24:14 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Global Compliance Applications Corp
Symbol APP
Shares Issued 254,233,560
Close 2023-08-03 C$ 0.01
Market Cap C$ 2,542,336
Recent Sedar Documents

Global Compliance enters licensing deal with Beneleaves

2023-08-03 16:29 ET - News Release

Mr. Bradley Moore reports

GCAC SIGNS UPLIFT LICENSING AGREEMENT WITH PREMIUM OHIO WHITE LABEL CANNABIS PROCESSOR

Global Compliance Applications Corp. has signed a licensing agreement with Beneleaves Ltd., a friends-and-family-owned and licensed cannabis processing business located in Columbus, Ohio. Beneleaves is a licensed white-label producer in Ohio, offering its services to multiple premium cannabis brands, including renowned brands like Smokiez, Black Buddha Cannabis, Mary's Medicinals, Sugar-Free Gummies from Chew and Chill, and several others. By leveraging the Uplift app and non-fungible-token coupons, Beneleaves has a goal to help provide discounts to the state's veterans who are registered cannabis users and assist those veterans who have not started their cannabis journey with proper education.

A new study published in Clinical Therapeutics found that 91 per cent of military veterans who use medical cannabis said it has improved their quality of life. In addition, a U.S. House of Representatives amendment was voted on last week to the federal National Defense Authorization Act (NDAA) that would end the prohibition on VA providers, helping veterans to gain access to state-legal medical cannabis programs.

The Citizen Green project in partnership with veteran non-profit organizations, such as Veterans Ending the Stigma, created an initiative to provide free on-line education and discount NFT coupons for all veterans. The program, created by veterans for veterans, was initially launched in Canada and is now in Ohio with an eye on expanding to all legal medical cannabis states to service the more than 12 million U.S. vets.

Beneleaves president Bill Williams noted: "We are a patient-focused business that wants to help veterans with their cannabis wellness journey. Using the Uplift app to reach our patients wherever they are in the state and help provide financial savings and inspiration was aligned with our values. We are excited to be part of this innovative program and help reach this community in a dignified and respectful manner. Coupons digitally placed in the free app of qualified patients enable them quickly to see savings available and reduce the time of hunting for discounts. In addition, the app enables us to hear anonymized feedback from the patient, which our brands will love."

Global Compliance will receive a fixed percentage of the redeemed Uplift coupon value whenever a customer uses a coupon at participating dispensary locations. Beneleaves products are in over 90 per cent of Ohio dispensaries.

Global Compliance chief executive officer Bradley Moore stated: "Having the opportunity to work with Bill Williams and the great Beneleaves team will help us drive quality medicine to those that most need it and gave so much for our country. As confirmed by recent studies, veterans are finding great relief in cannabis without resorting to more addictive products like alcohol. This is an opportunity for vets to get the support they need from brands they want."

About Global Compliance Applications Corp.

Global Compliance is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. Global Compliance's leading solution is Efixii, an ethereum Layer 2 blockchain and EVM programming functionality that is on par with other Layer 2s, such as Polygon. Global Compliance can quickly connect each participant from product producers, distributors, manufacturers and retailers through a series of value chain dApps that allows for data connectivity to drive better consumer experiences and sales. Global Compliance created clearESG to assist businesses in communicating their sustainability goals and earned attributes on the blockchain through a series of ESG (environmental, social and governance) merit badges. As an interconnected supply chain solution, the Efixii solution pays tokens for attesting to a product's value, or truthness, through a reward program. Global Compliance works in many agricultural industries, providing a value-added blockchain offering through a cost-effective software-as-a-service licensing model.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.