APP:CC - GCAC Launches BOND for Global Cannabis Brands
(TheNewswire)
One ofa Kind Blockchain Brand-to-Consumer Loyalty
Vancouver, British Columbia, Canada – TheNewswire - July 18, 2024 – Global ComplianceApplications Corp. (“GCAC”) (CSE: APP, FSE: 2FA, OTCQB:FUAPF ), a blockchain-based platform known forrevolutionizing consumer engagement, is proud to announce the releaseof new capabilities by Efixii Uplift. A transformative new solutionfor cannabis brands and producers providing them with the ability todeepen their relationship with their consumers. This new service,called BOND by Efixii Uplift, will be offered to over 776 licensedproducers and processors in Canada and more than 3,000 cannabis brandsin the United States. The program is based on an affordable monthlysubscription and commission model, providing exceptional value tosmall and medium-sized operators with limited budgets to directlyengage with end consumers [1].
A NewEra of Consumer Engagement
BOND enables cannabisbrands and producers to engage directly with consumers on the Efixiiblockchain. By utilizing Non-Fungible Tokens (NFTs) and smartcontracts, Efixii Uplift offers a secure and transparent method fordistributing and redeeming token rewards and Uplift productcoupons.
- Simplified Earn Process:Consumers collect NFT tokens by scanning a QR code on the productpackage, executed through an Ethereum smartcontract.
- Direct Brand-to-Consumer Connection: Upon scanning the QRcode, the token is transferred from the brand's Ethereum wallet to theconsumer's wallet, facilitating direct interaction and engagement viathe Uplift app.
- Security and Transparency: Efixii’s use of smart contractsensures that the terms of the tokens are immutable and verifiable,significantly reducing the risk of fraud and enhancingauditability.
- Rewards and Incentives: After redeeming a set number ofreward tokens, consumers receive a special Uplift coupon from thebrand, providing additional incentives for continuedengagement.
BOND departs fromcomplicated loyalty & reward programs, harkening back to thesimpler "old school" style loyalty that is based on atrusted relationship between consumers and business owners. Thisinnovative approach leverages the security and transparency of theEfixii blockchain to create a seamless, fraud-resistant experiencethat connects brands directly with consumers one-to-one. Since it isblockchain-based, consumers never need to sign up to use Uplift, andEfixii does not collect personal user data. This overcomes significanthurdles to consumer adoption and eliminates the need for brands toinvest in costly marketing programs to attract repeatcustomers.
Seamless Integration with Dispensaries
Dispensaries can alsoparticipate in this program, allowing consumers to redeem their rewardcoupons for free, or discounted products, which are paid for by thebrands. This not only drives traffic to participating dispensaries butalso enhances the overall consumer experience.
[1] https://adcann.ca/blog/top-cannabis-brands-canada , https://mjseo.agency/top-cannabis-brands/
About 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 programmingfunctionality that is on par with other Layer- 2’s, such as Polygon.GCAC can quickly connect each participant from product producers,distributors, manufacturers and retailers through a series of valuechain dApps that allows for data connectivity to drive better consumerexperiences and sales. GCAC created clearESG to assist businesses incommunicating their sustainability goals and earned attributes on theblockchain through a series of ESG (Environmental, Social &Governance) merit badges. As an interconnected supply chain solution,the Efixii solution pays tokens for attesting to a product’s value,or truthness, through a reward program. GCAC works in manyagricultural industries providing a value-added blockchain offeringthrough a cost-effective SaaS licensing model.
For more Company information, please visitwww.gcac.tech or review its profiles on www.sedarplus.ca and on theCanadian Securities Exchange’s website www.thecse.com .
Press Contact
Phone: +1 (800) 409-5679
Email: info@cannappscorp.com
Forward-Looking Information
The Canadian Securities Exchange hasneither approved nor disapproved the contents of this news release.
This news release includes certainstatements that may be deemed “forward-looking statements”. Allstatements in this new release, other than statements of historicalfacts, that address events or developments that the Company expects tooccur, are forward-looking statements. Forward-looking statements arestatements that are not historical facts and are generally, but notalways, identified by the words “expects”, “plans”,“anticipates”, “believes”, “intends”, “estimates”,“projects”, “potential” and similar expressions, or thatevents or conditions “will”, “would”, “may”, “could”or “should” occur. Although the Company believes the expectationsexpressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performanceand actual results may differ materially from those in theforward-looking statements. Factors that could cause the actualresults to differ materially from those in forward-looking statementsinclude market prices, continued availability of capital andfinancing, and general economic, market or business conditions.Investors are cautioned that any such statements are not guarantees offuture performance and actual results or developments may differmaterially from those projected in the forward-looking statements.Forward-looking statements are based on the beliefs, estimates andopinions of the Company’s management on the date the statements aremade. Except as required by applicable securities laws, the Companyundertakes no obligation to update these forward-looking statements inthe event that management's beliefs, estimates or opinions, or otherfactors, should change .
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