Global Cannabis's CannaLife, a BlockChain and Artificial Intelligence Social App for Medical Cannabis now on Apple Store and Google Play
Global Cannabis Applications Corp. (“GCAC” or the “Company”) (CSE:APP, FSE:2FA, OTCQB:FUAPF), a leading developer of innovative data technologies for the cannabis industry, is pleased to announce that CannaLife, a social engagement app for the medical cannabis community, is available for immediate download on Google Play and beta launch on Apple Store globally.
As part of a Citizen Green Blockchain, CannaLife is designed to create conversations, share information, encourage education and build communities pertaining to medical cannabis on a single social platform. It is easy to setup and allows users to post content and tag topics across multiple platforms. Emoticons captures the feelings related to each post and users can join or create communities based on needs, questions and experience.
“I am delighted to announce that CannaLife, a core mobile application in the Citizen Green platform, is now available from Apple Store and Google Play,” said Brad Moore, CEO of GCAC. “CannaLife is the first medicinal cannabis-related social media platform of its kind, that allows us insights into the needs, concerns and desirers of both active med canna and potential users around the world. The launch of CannaLife is a significant milestone as this is the first step in creating a much sought after anonymous and secure user registry data. From regulator to Licensed Producers and canna product manufacturers, this highly valuable information will be a key part of development of new safe and healthy canna products for a global market. It is the first of many new digital tools to come from GCAC that will contribute to our revenue model.”
The CannaLife app will be preloaded with a base of users from Foro and Opinit apps, both target demographics for medical cannabis. Based on proprietary canna IP, CannaLife will use artificial intelligence to correlate in app inputs and behaviours against clinical benchmarks to match user profiles against specific canna product profiles.
We encourage both active and non-active medical cannabis users to download the mobile app and join the conversation. Contact us at firstname.lastname@example.org for your iOS download.
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, reg tech, 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 medical cannabis. 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).
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This news release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of GCAC. Forward-looking information is based on certain key expectations and assumptions made by the management of GCAC. Although management of the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GCAC can give no assurance that they will prove to be correct. Forward-looking statements contained in this news release are made as of the date of this news release. GCAC disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.
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CanBud Distribution Corporation Closes 2M Second and Final Tranche of its Oversubscribed Private Placement Offering
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The Corporation issued a combined total of 39,409,346 units (each a “Unit“) at price of $0.12 per Unit, with each Unit comprised of one common share in the capital of the Corporation (each a “Common Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.22 within 24 months of the closing of the Offering (the “Warrant Term“), provided, however that if the closing price of the Common Shares on the Canadian Securities Exchange (the “CSE“) (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is $0.25 or greater per Common Share for a period of five (5) consecutive trading days at any time after the closing date of the Offering, the Corporation may accelerate the Warrant Term such that the Warrants shall expire on the date which is 30 days following the date a press release is issued by the Corporation announcing the reduced warrant terms.
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In connection with termination of the merger transaction with FCC, the Company has agreed to pay FCC $100,000 in cash and to issue FCC 5,000,000 common shares of the Company at a deemed value of $0.05 per share. The common shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
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