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Global Cannabis Applications Corp
Symbol APP
Shares Issued 174,127,509
Close 2021-05-13 C$ 0.125
Market Cap C$ 21,765,939
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Global Cannabis's token now available on Pancakeswap

2021-05-13 11:08 ET - News Release

Mr. Brad Moore reports

GCAC LAUNCHES ITS MARKETING TOKEN ON BINANCE'S PANCAKESWAP

Global Cannabis Applications Corp. (GCAC) has noted that the GCAC token is now also available on the Pancakeswap trading platform, running on the Binance Smart Chain. Through the newly launched Binance-based GCAC pancake flip, traders can now swap, add markets and provide liquidity with BinanceCoin, along with all other Binance-related assets.

On April 20, 2021, the company announced the availability of the GCAC token on the Uniswap trading platform, which runs on the Ethereum blockchain. Today's Pancakeswap release represents new trading opportunities for the GCAC token, which, in turn, broadens the company's digital marketing campaign that is aimed at the decentralized finance user community (DeFi).

The company believes that the Pancakeswap community is an excellent target audience as this key demographic are consumers that have disposable income, are under 34 years old and are increasingly drawn to the use of cannabis products.

This multiyear marketing campaign aims to raise awareness of its products and its Efixii QR (quick response) codes by making the GCAC token available on Pancakeswap with the company's name, logo and website visible to this community.

The company is publicly traded with audited financials and makes accurate revenue disclosures. GCAC's marketing initiative is to commit to a minimum marketing spend of 1 per cent of its quarterly sales revenue buying GCAC tokens directly on Uniswap and indirectly on Pancakeswap every three months. Each token buy leads to greater awareness of the company's products and drives potential new consumers to look for Efixii QR codes on recreational and medical cannabis products.

"Once again, we are totally blockchain. So, I'm delighted to expand our marketing reach to fellow blockchain proponents on Binance. Cannabis consumers come in many forms, and I'm so excited to be marketing directly to the Pancakeswap DeFi community and raising awareness of cannabis efficacy and quality amongst this awesome demographic," stated Brad Moore, chief executive officer.

The Pancakeswap GCAC marketing token is built and operated by Abbey Technology, and this latest marketing token has a unique set of features, including:

  • No new GCAC tokens will be created on Ethereum or Binance; tokens may only be flipped.
  • GCAC holders can sell tokens by flipping them from Ethereum to Binance and vice versa, depending on which of the blockchains has the optimal trading price.
  • Trading fees are lower on Pancakeswap than on Uniswap, so Abbey's pancake-flip mechanism will open GCAC up to more DeFi traders on Binance because of its lower transaction costs.

About Global Cannabis Applications Corp. (GCAC)

GCAC is a global leader in designing, developing, SaaS (software as a service) 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 data sets that improve patient outcomes and to become the world's largest cannabis efficacy data provider.

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