23:06:07 EDT Wed 15 May 2024
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Global Compliance Applications Corp
Symbol APP
Shares Issued 254,233,560
Close 2023-08-15 C$ 0.015
Market Cap C$ 3,813,503
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Global Compliance licenses clearESG to Cannabissimo

2023-08-17 14:23 ET - News Release

An anonymous director reports

GCAC & HEMP COFFEE BRAND TO OFFER EFIXII NFT COUPONS TO VETERANS

Global Compliance Applications Corp. has signed a licensing agreement with Brightstar Logistic Corp., representing Cannabissimo Coffee in North America and Central America, a renowned premium Italian gourmet coffee brand infused with hemp seeds, leaves or flowers. Through this licensing agreement, Cannabissimo is using the company's clearESG solution to showcase its sustainable practices and will become a preferred Citizen Green Project partner. Cannabissimo will offer NFT (non-fungible token) discount coupons for coffee on Global Compliance Applications' Uplift app, joining multiple cannabis and CBD (cannabidiol) brands offering discounts to over 12 million U.S. veterans.

Cannabissimo, a woman-owned business, offers coffee enthusiasts a unique experience by combining the rich aroma and taste of a premium Italian slow-roasted coffee blend with the exceptional health benefits of hemp seeds, leaves or flowers. Its commitment to sustainability is evident in its meticulous sourcing of South American, African and Indian coffee beans, combined with German-sourced hemp seeds that are 100 per cent natural and legal, complying with all relevant European laws and supported by necessary certifications. Italian craft growers produce hemp in the perfect Mediterranean climate a superior-quality product. Over 7,000 units have been sold in the United States and Puerto Rico since 2021.

Global Compliance Applications will earn a licensing fee per QR (quick response) code printed and shared on the packaging. This fee ensures the utilization of Cannabissimo clearESG and product attestations through the QR code for customers to see and includes videos. Cannabissimo will have access to the Uplift NFT coupon app through the Citizen Green Project, a program focused on supporting veterans in North America. Global Compliance Applications will receive a fixed percentage of the redeemed Uplift coupon value whenever a customer uses a coupon to visit Cannabissimo's website or participating retail locations.

Distribution company Brightstar Logistic Corp. owner Angel S. Oquendo commented: "Working with the GCAC team to highlight the journey of the product from the field to the consumer's coffee mug has created a new experience for our customers that builds greater trust and purpose. This technology enables us to communicate with videos and attestations our commitments to small hemp growers, sustainability and a great cup of coffee."

Cannabissimo is represented by Global Compliance Applications' value-added reseller, U.S. Hemp Brokerage (USHB). USHB is leading the sales effort of the clearESG solution to over 30 of its brand clients and marketing Uplift couponing to a list of 5,000 B2B (business-to-business) retailers. Jeff Cole, managing partner and founder, added: "Cannabissimo Coffee is an up-and-coming brand that is creating a new lane for the health-and-wellness-conscious consumer. Hemp has been widely adopted in Europe and now consumers in North and Central America can enjoy this delicious Italian treat every morning. Cannabissimo joins the family of over USHB clients who utilize the Efixii blockchain to tell their product story and make more sales."

About Global Compliance Applications Corp.

Global Compliance Applications is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. Global Compliance Applications' leading solution is Efixii, an ethereum Layer 2 blockchain and EVM (ethereum virtual machine) programming functionality that is on par with other Layer 2s, such as Polygon. Global Compliance Applications can quickly connect each participant from product producers, distributors, manufacturers and retailers through a series of value-chain dApps (decentralized apps) that allows for data connectivity to drive better consumer experiences and sales. Global Compliance Applications 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 Applications works in many agricultural industries, providing a value-added blockchain offering through a cost-effective SaaS (software as a service) licensing model.

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