APP:CC - GCAC and Genetica Finalize Definitive Agreement to Provide Best in Class Cannabis Recommendations for Canadian Veterans
(TheNewswire)
Partnership to be expanded in the United States
Vancouver, British Columbia, Canada– TheNewswire - September 20, 2022 – GlobalCompliance Applications Corp. (" GCAC" or the " Company" )( CSE:APP ) , ( FSE:2FA ) , ( OTC:FUAPF ), a leadingmedical cannabis chain-of-custody compliance and data platformannounce that Genetica LLC (“Genetica”) and GCAC have executed aDefinitive Agreement to develop new data insights and better productrecommendations to the Canadian Veteran consumer. This initiative ispart of GCAC’s plan to launch this Fall a Canadian non-possessionmedical license store front called Citizen Green [1]
Genetica is home to Flora AI™, the first ArtificialIntelligence of its kind for cannabis-derived products. Flora AIrepresents a data pool of over 650 million sources utilized in realtime to scientifically select the best product recommendations forindividual consumers.
On June 3 2022, GCAC and Genetica agreed to a TradeAgreement for the initial data to be valued at USD$120,000 to eachparty [2]. The finalization of the partnership will enable bothparties to develop a strategic licensing plan to analyze anonymized,jointly transaction-level data to improverecommendations at both ends of the supply chain. This initiative willfocus on retail opportunities in the United States and Canada,starting with GCAC’s offering to Canadian military veterans.
GCAC will be making available data collected from itstechnologies, Efixii, clearESG and Prescriptii, that will be used bypartner LPs to track the cannabis from seedling to harvest. Geneticawill provide over 100 million data points to be combined withPrescriptii's data [3] to launch the veteran's storefront. Inaddition, as more veterans use Citizen Green, Efixii will addcultivation and their feedback data to this stack. The partnershipcould see the data points increase to over 600 million within 90 days.
Richard Neal, Genetica Chief Science Officer, “As anindustry, retailers recognize the importance of better educating thepatient/consumer. We are past the legacy marketing points of eitherSativa or Indica. By working with GCAC, we will improve ourrecommendations by including intel from the source of the productjourney and consumer feedback in real-time. This partnership creates anew frontier of true cannabis knowledge.”
GCAC CEO Bradley Moore commented, “The Efixii Blockchain will provide a firehose of new data fromeverything on how the plant was grown, cared for, and finallyharvested. This data will be processed with Flora AI to provide theconsumer with great insight. As a veteran myself, I believe thatvets want to not only understand this cannabis journey but also, moreimportantly, know how to create a path to long-term wellness”.
[2] https://newsroom.globalcompliance.app/216072-gcac-and-genetica-new-data-sharing-partnership-to-provide-best-in-class-recommendations-for-retail-cannabis-consumers
[3] https://newsroom.globalcompliance.app/203742-global-cannabis-releases-prescriptii-patient-portal
About Genetica
Genetica offers an interface, Flora AI, for bothconsumers and budtenders that merges data science and AI to predictwhich cannabis/hemp products will perform best for each individual,based on their needs and desires. By removing brand and product biasfrom the recommendations given to consumers, Genetica has created thefirst interface that goes far, far beyond a simple matching algorithmto give consumers the transparency and confidence they deserve whenpurchasing these products.
About Global Cannabis ApplicationsCorp. “GCAC”
GCAC is a global leader in designing and developinginnovative blockchain technologies and machine learning solutions toimprove real-world businesses. GCAC's leading solution is Efixii, anEthereum Layer 2 blockchain and EVM programming functionality that ison par with other Layer-2's, such as Polygon. GCAC can quickly connecteach participant from product producers, distributors, manufacturersand retailers through a series of value chain dApps that allows fordata connectivity to drive better consumer experiences and sales. GCACcreated clearESG to assist businesses in communicating theirsustainability goals and earned attributes on the blockchain through aseries of ESG (Environmental, Social & Governance) merit badges.As an interconnected supply chain solution, the Efixii solution paystokens for attesting to a product's value, or truthness, through areward program. GCAC works in many agricultural industries providing avalue-added blockchain offering through a cost-effective SaaSlicensing model.
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 .
GCAC Press Contact Genetica Press Contact
Phone: +1 (800) 409-5679 Chloe Austin785.341.1605
Email: info@cannappscorp.com chloe@hiddenstreetmarketing.com
www.cannappscorp.com www.GetGenetica.com
Forward-Looking Information
This news release mayinclude forward-looking information within the meaning of Canadiansecurities legislation concerning the business of GCAC.Forward-looking information is based on certain key expectations andassumptions made by the management of GCAC. Although management of theCompany believes that the expectations and assumptions on which suchforward-looking information is based are reasonable, undue relianceshould not be placed on the forward-looking information because GCACcan give no assurance that they will prove to be correct.Forward-looking statements contained in this news release are made asof the date of this news release. GCAC disclaims any intent orobligation to update publicly any forward-looking information, whetheras a result of new information, future events or results or otherwise,other than as required by applicable securities laws.
The CanadianSecurities Exchange has not reviewed and does not acceptresponsibility for the adequacy and accuracy of thisinformation.
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