APP:CC - GCAC Reports New Consumer App Downloads of Efixii Uplift
(TheNewswire)
Number adds to over 600+ Efixii downloads to-date
Vancouver, British Columbia - TheNewswire - August 10, 2023 - Global Compliance ApplicationsCorp. (“GCAC” or the“Company”) (CSE:APP ) ( FSE:2FA ) ( OTC:FUAPF), a chain-of-custody compliance and data platform, is delightedto unveil a significant achievement. Reporting 121 new downloads ofthe Efixii Uplift consumer app since May 2023 underscores the need forUS veterans to have one source for consistent, safe affordable CBD andmedical cannabis. These consumer downloads are part of the CitizenGreen Project's initial beta in Ohio, with the Company ready to expandnationally, starting with Michigan, Pennsylvania, Virginia, and NorthCarolina.
The Efixii Uplift app and its NFT couponing programhave emerged as a game-changer for both US and Canadian veterans. Thisapp offers exclusive discounts on CBD and medical cannabis,acknowledging the contributions and sacrifices of veterans andaddressing their healthcare needs. In a landscape where the averageper-ounce cost of medical cannabis in the United States stands at$318.74 [1], and the average monthly spending amounts to $304.9 [2] asof November 2022, the Efixii Uplift app significantly mitigates thefinancial burden on veterans, fostering a positive impact on theirquality of life.
A remarkable 18% average retailer discount on cannabis[3] translates into substantial savings for US veterans using theEfixii Uplift blockchain-powered app. For every redeemed NFT discount,an average of 30% of the face of the coupon is earned in revenue bythe Company, ensuring a sustainable source of support for veterans'initiatives.
Afghanistan and Iraq veterans overwhelmingly embracemedical cannabis with an impressive 74% support rate [4]. Thisstatistic gains greater significance when considering the substantialnumber of soldiers who served in these war zones, estimated at up to 3million [5]. This profound level of support underscores thetransformative need for The Citizen Green Project.
The beta program in Ohio exemplifies the ripple effectof change. In a state where 21,000 veterans are registered for medicalcannabis, out of a total veteran population of 680,310 (111K+ of thosehaving served Post 9-11) [6], the potential for positive change ispalpable. The Efixii Uplift app's impact transcends numbers, touchinglives, and elevating the well-being of veterans on a nationalscale.
GCAC CEO Brad Moore, a veteran himself, shared, "Iam profoundly pleased to witness the tangible results of bringing theCitizen Green Project to the US veteran community. With each Upliftapp download, GCAC can generate $197 per year for every veteran whoembraces the app, unlocking a vast landscape of potential. Whencombined with the growing number of brands joining [7],these initial100 downloads, a mere fraction of the veterans we can reach,underscore the immense scale of the opportunity."
Comparable Layer 2 Ethereum projects using Optimisticrollups have TVL values ranging from USD$17,000++ per user [8]. Assuch with a target of 25,000 veteran Uplift downloads, this creates asignificant potential value for the Company.
[1] https://www.statista.com/statistics/589688/medical-marijuana-prices-by-state/
[2] https://karger.com/mca/article/4/1/13/188927/Demographics-Perceptions-and-Use-of-Medical
[3] https://flowhub.com/learn/dispensary-discount-statistics
[4] https://www.statista.com/statistics/586662/iraq-afghanistan-veterans-medical-marijuana-opinions/
[5] https://watson.brown.edu/costsofwar/costs/human/veterans
[6] https://www.thecentersquare.com/ohio/article_c52e99d0-e813-11ea-8ffc-eb85814789e6.html
[8] https://milkroad.com/layer-2/
About Global C ompliance Applications Corp. “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.globalcompliance.app , or review its profileson www.sedar.com and on the Canadian Securities Exchange's website www.thecse.com .
GCAC Press Contact
Phone: +1 (800) 409-5679
Email: info@GCAC.tech
www.globalcompliance.app
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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