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Global Cannabis Applications Corp
Symbol APP
Shares Issued 174,127,509
Close 2021-09-07 C$ 0.065
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Global Cannabis gets Israeli OK for Efixii tech

2021-09-07 16:09 ET - News Release

Mr. Brad Moore reports

GCAC ANNOUNCES ISRAELI GOVERNMENT APPROVAL OF EFIXII TECHNOLOGY

Global Cannabis Applications Corp. has received formal approval of the Efixii blockchain-based cannabis compliance technology by the Israel government for its commercial use in cannabis cultivation research for Israeli cultivators.

Bless Cultivation's approval from the Israeli Medical Cannabis Unit (Yakar) to formally research the production capacity of cuttings from a mother plant, without creating a stressful situation for the source plant, as a function of time. A prerequisite of the approved research methodology is the Bless Cultivation mandate to use Global's Efixii blockchain-based mobile app for managing, recording and delivering reliable insights across all the study periods. The Efixii methodology has been shown to yield better patient outcomes when its ultrareliable data are used.

Nadav Segal, Bless founder and vice-president of research and development, says: "Understanding production capacity of cuttings from a mother plant without stressing the plant will help us develop improved product consistency. Efixii is the only service with the power to record and thoroughly analyze this process -- all with complete blockchain transparency. This helped us secure approval from the regulator as they are confident in the tamper-proof data Efixii provides."

The company's blockchain-based Efixii mobile app securely logs all data attestations to the blockchain for full transparency. Global's artificial intelligence and deep-learning algorithms yield important data insights for government research initiatives and help develop a better understanding of cultivation principles. This approval allows Bless Cultivation and others to immediately commence cultivation without waiting to complete the physical site development (security systems), thereby lowering the financing burden for cultivation commencement.

Global chief executive officer Brad Moore notes: "Bless mandating the use of our Efixii technology again demonstrates how blockchain-based solutions are becoming the gold standard for regulatory data analysis in the medical cannabis industry. Government alignment is a key commercial element of our business model as it drives growers to use our best-in-class technology for their cultivations."

About Global Cannabis Applications Corp.

Global is a global leader in designing, developing, 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, regulatory technology, smart databases, ethereum blockchain and Global Cannabis 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, Global is focused on generating revenue from software-as-a-service licensing its technology and acquiring high-quality cannabis datasets that improve patient outcomes and to become the world's largest cannabis efficacy data provider.

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