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Global Cannabis Applications Corp. (FUAPF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.2000+0.0158 (+8.58%)
At close: 3:53PM EDT
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Previous Close0.1842
Open0.1890
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.1890 - 0.2380
52 Week Range0.0343 - 0.3370
Volume560,941
Avg. Volume464,105
Market Cap33.142M
Beta (5Y Monthly)0.24
PE Ratio (TTM)N/A
EPS (TTM)-0.0110
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GCAC Closes Largest Revenue Deal for its Efixii ‘Seed to Seed’ Platform with Malta Based Medical Cannabis Cultivator
    GlobeNewswire

    GCAC Closes Largest Revenue Deal for its Efixii ‘Seed to Seed’ Platform with Malta Based Medical Cannabis Cultivator

    Phase One Efixii SaaS License for 44M Grams for the 2022 HarvestVANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) -- Global Cannabis Applications Corp. ("GCAC" or the "Company") (CSE: APP, FSE: 2FA, OTCQB: FUAPF), a leading medical cannabis chain-of-custody compliance, efficacy and data platform, today announced a definitive three-year software licensing agreement with Herb Industries Ltd. (“Herb”), a Malta based medical cannabis cultivator. Grams cultivated are forecast as 44M in 2022 and 66M in 2023. GCAC is licensing its Citizen Green Efixii platform as part of Herb’s ‘technology farm’ for use in its cannabis compliance and consumer transparency. Herb’s advanced-growth-method handles all production lifecycles from genetics, cannabis nursery, onsite ISO laboratory and extraction. Licensed by the Maltese government, Herb’s 12,000 SQM facility’s manufacturing lines will export to other EU members’ markets for pharmaceutical, solids, semi solids, liquids, flowers, cosmetics and edibles. GCAC’s Software-as-a-Service (“SaaS”) license model meets the needs of cultivators as they scale. Cannabis lifecycle steps are represented by GCAC’s Efixii QR-code which can be scanned by customs officials, regulators, medical professionals and consumers alike to ensure that products are what they claim to be. GCAC charges a one-time configuration fee of $12,500 (USD), $50 per registered employee per month for KYC/AML, an export fee of $75 per cannabis batch and a consumer Efficacy-QR-code fee of $75 per retail product; in total, these fees generate CDN$.20/gram with a further potential yield of CDN$.18/gram in future data sales. “44M grams in 2022 and 66M grams every year thereafter is an absolutely massive revenue opportunity for us on a per gram basis” states GCAC’s CEO Brad Moore. “And, just as important is knowing that tens of thousands of EU consumers trust Efixii’s QR-codes to give them, and their families, comfort knowing what they are ingesting is the safest and best product for them, thereby cementing our efficacy commitment of better outcomes for all medical cannabis patients.” The European cannabis market is the largest in the world, with a forecast CAGR of 67.4% set to value the market at €3.2 billion by 2025 [1]. The growth of the EU market since 2019 is attributed to consumer demand for CBD and the upgrading of regulations for medical cannabis. Key to meeting those regulations and building consumer confidence will be Herb’s use of the Efixii compliance platform. Efixii enables growers’ staff to record all events for cannabis cultivations, including mother plant, laboratory tests, shipment, processing and customs. All of Efixii’s cannabis data is the intellectual property (“IP”) of GCAC. This IP creates an inherent difficulty in replicating or competing with GCAC’s medical cannabis datasets. GCAC defined their protocols in a provisional U.S. patent application, ‘System of Process and Tracking Cannabis Products and Associated Method Using Blockchain’ filed with the USPTO on Dec. 17, 2020. [1] https://www.canadianpackaging.com/general/legal-cannabis-market-in-europe-set-to-be-worth-e3-2-billion-by-2025-168895/ About Global Cannabis Applications Corp.Global Cannabis Applications Corp. is a global leader in designing, developing, marketing and acquiring innovative data technologies for the medical 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, regtech, smart databases, blockchain and GCAC smart rewards to qualify candidates for clinical studies. These technologies facilitate the proliferation of digital conversations by like-minded people in the medical cannabis community. Driven 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 Company information, please visit www.cannappscorp.com, or review its profiles on www.sedar.com and on the Canadian Securities Exchange's website (www.thecse.com). To schedule an interview, please contact: For more information, please contact:Bradley MooreCorporate CommunicationsChief Executive OfficerTelephone: +1 (800) 409-5679Email: bmoore@cannappscorp.comEmail: info@cannappscorp.com Forward-Looking Information 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.

  • GCAC First Commercial Software Sale Cash Deposit
    GlobeNewswire

    GCAC First Commercial Software Sale Cash Deposit

    Company Marks Transition from Technology Concept to Commercial RealityVANCOUVER, British Columbia, March 30, 2021 (GLOBE NEWSWIRE) -- Global Cannabis Applications Corp. ("GCAC" or the "Company") (CSE: APP, FSE: 2FA, OTCQB: FUAPF), a leading medical cannabis chain-of-custody compliance and data platform, announced that a cash deposit was logged into the Company’s bank account today by a customer paying for its Efixii software. The cash deposit moves GCAC’s Efixii product from being a technology concept to a fully-fledged commercial product. Previously, as an emerging software company, every quarterly MD&A filing showed ‘Total Quarterly Revenues’ of $Nil. Starting today, that ends. For 5 years the Efixii product was conceived, designed, patented and developed with $6m of shareholder funds and today, the Company has blossomed into a software licensor that customers are happy to pay for. GCAC’s balance sheet has never been stronger, its customer base never larger and its software product suite never so complete. The multi-million-dollar investments already received in 2021 have empowered the Company to expand its sales pipeline, bring its drop-ship cannabis business-vertical to life and allow it to deliver best-in-class efficacy, transparency and compliance technology to cannabis cultivators, medical professionals and patients alike. “Execution, execution, execution, it’s all about execution. We’ve had our bumps in the road getting here but never lost sight of our vision - ‘better patient outcomes’. The metamorphosis from concept to reality has been realized. Our current financial position, our near-term execution plan and our unrelenting drive makes this the most exciting time for GCAC since I took over in February 2016. And, so now we grow, grow, grow,” stated Brad Moore, Chief Executive Officer of the Company. About Global Cannabis Applications Corp. Global Cannabis Applications Corp. is a global leader in designing, developing, SaaS 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 datasets that improve patient outcomes and to become the world’s largest cannabis efficacy data provider. For more Company information, please visit www.cannappscorp.com, or review its profiles on www.sedar.com and on the Canadian Securities Exchange's website www.thecse.com. Press Contact Phone: +1 (800) 409-5679 Email: info@cannappscorp.com Forward-Looking Information 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.

  • Emerging Growth Conference 3 Announced for March 17, Niche Companies in Tech, Pharma, Cannabis, Solar and more in Attendance
    GlobeNewswire

    Emerging Growth Conference 3 Announced for March 17, Niche Companies in Tech, Pharma, Cannabis, Solar and more in Attendance

    MIAMI, March 16, 2021 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies announces the Schedule of the 3rd Emerging Growth Conference. EmergingGrowth.com is proud to present and welcome you to the 3rd Emerging Growth Conference. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the conference here. The schedule for March 17th from 9:30 AM until 3:30 PM is as follows: (All times are eastern time) We may see some schedule changes on Wednesday. To stay current on the schedule, please follow us on Twitter: https://twitter.com/EmergingGrowthC 9:30 – 10:00Verb Technology Corp. (NASDAQ: VERB)Rory Cutaia, CEO10:00 – 10:30Blockchain2 Corp. (OTCQB: BIDCF)Tony Caputo, CEO Presenting10:30 - 11:15Treasure Investments dba Foundry MichelangeloMark Russo, Founder / Chairman presentingFor Treasure Investments, Click here.11:15 – 11:45CordovaCann Corp. (OTCQB: LVRLF)Taz Turner, CEO presenting11:45 – 12:15Healixa, Inc. (OTC Pink: EMOR)Ian Parker, CEO presenting12:30 - 1:15Benchmark Metals, Inc. (OTCQX: BNCHF)James Greig, President presenting1:15 - 2:00Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP)Seth Lederman, CEO, President2:00 - 2:30Global Cannabis Applications Corp. (OTC Pink: FUAPF)Brad Moore, CEO presenting2:30 – 3:00West Mining Corp. (OTC Pink: WESMF)Nick Houghton, CEO presenting3:00 - 3:30Green Stream Holdings, Inc. (OTC Pink: GSFI)Alan Stone presenting All interested in attending should visit the following link to register. You will then receive an email containing the link and time to sign into the conference. Register for the conference here. We may see some schedule changes on Wednesday. To stay current on the schedule, please follow us on Twitter: https://twitter.com/EmergingGrowthC These exciting virtual conferences are like attending an “in person” event, you can sign in and out as often as you like. About EmergingGrowth.com Founded in 2009, Emerging Growth.com quickly became a leading independent small cap media portal. Over the years, it has developed an extensive history of providing unparalleled content, in identifying emerging growth companies and markets that can be overlooked by the investment community. The next step in its evolution is the Emerging Growth Conference. About the Emerging Growth Conference The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in an effective and time efficient manner. The Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Our audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts. Thanks for participating and make sure you are on our VIP list so you are informed immediately as we announce updates to our upcoming Conferences. Get on the list here – Emerging Growth Conference VIP List All Conferences are first announced on Twitter – Follow us on Twitter All Conference replays emerge on our YouTube Channel – Subscribe to our YouTube Channel All sessions will be conducted through video webcasts and will take place in the Eastern time zone. Provided above is the current Emerging Growth Conference schedule for featured presentations. Each company’s presentations will be delivered by their executive management team. Our conference serves as a vehicle for Emerging Growth to build relationships with our existing and potential clients. Accordingly, a certain number of the presenting companies are our current clients, and some may become our clients in the future. In exchange for services we provide, our clients pay us fees in the form of cash and securities, and we may currently have, or in the future may have investments in the securities of certain of the presenting companies. Finally, certain of the presenting companies have paid us a fee to secure a presentation time slot or to present generally. The presentations to be delivered by the presenting companies (including any handouts of written materials) have not been approved, endorsed by or otherwise reviewed by EmergingGrowth.com nor should they in any way be construed to have been made in connection with the offer to sell or a solicitation of an offer to buy securities. Please consult an investment professional before investing in anything viewed on the Emerging Growth Conference or on EmergingGrowth.com. If you believe your company, product or service is at the cusp of going mainstream, or you have an idea for an “Emerging Growth” company that might fit our model, contact us here. Thank you for your interest in our conference, and we look forward to your participation in future conferences. Contact: Emerging Growth Phone: 1-305-330-1985Email: Conference@EmergingGrowth.com