APP:CC - GCAC & US Hemp Brokerage LLC Execute Reseller Agreement to Provide Sustainability Efficacy for Hemp Industry
(TheNewswire)
GCAC expands strategy using clearESG to stamp outgreenwashing
Vancouver, British Columbia, Canada – TheNewswire - August 4, 2022 – GlobalCompliance Applications Corp. (“ GCAC ” or the“ Company ") (CSE:APP ) , ( FSE:2FA ) , ( OTC:FUAPF) is pleased toannounce that US Hemp Brokerage LLC (USHB) has signed a ResellerAgreement[1] to empower CBD and industrial hemp companies theopportunity to evidence their sustainability mission with the clearESGand Efixii apps. The United Nations Initiative to adopt sustainablebest practices and avoid concerns with greenwashing has createdopportunities for companies and brands to evidence theiraccomplishments using a blockchain solution. Unfortunately, the hempindustry operates under a microscope of regulations that make a cloudsurrounding the product's origin, consumer benefits and safetransportation across state lines. The Company's Blockchain as aService, clearESG, was designed to end corporate greenwashing whileincreasing both consumer and regulatory trust [2].
US Hemp Brokerage (https://www.ushempbrokerage.com/)has been working with many of the top CBD brands in the country andrecognizes the importance of raising the transparency bar for itsclients so they can reach new markets and secure the premium theydeserve.
Jeffrey Cole, USHB Founder & President, states,"The hemp industry is repositioning itself in the wake of thegreat green rush of 2018, which created over 8,000 CBD brands. Inevaluating our relaunch to only focus on premium CBD brands andindustrial hemp opportunities, we felt the opportunity to work withclearESG allowed us to provide validated ESG claims that can buildlong-term trust for the consumer and expand the culture of the brandwith NFTs".
"We have seen companies take liberties with theirsustainability efforts or spin the facts." says Kate O'Hara, VPSales GCAC North America. "clearESG requires companiesattesting to our blockchain to be validated via KYC and a third partyto verify the attested data to support their impact. I am delightedto be working with US Hemp Brokerage to enable brands to truthfullyshare their story with consumers and be rewarded for sharing thetruth."
USHB’s VP of Operations, Kalley Pratt, said,"We're excited to move forward with GCAC. We are building themuch-needed traceability standards that the hemp industry deserves. By bringing clearESG into the Brokerage by a partnership with GCAC,we can achieve our goals of creating and instituting standards andmeasures for hemp. Together we can propel hemp to new technologicalheights, all while championing sustainability and education".
GCAC has developed using Web 3.0 solutions provider [3]a blockchain app that allows any group on the supply chain to evidencetheir efforts using a scan technology that saves the information tothe blockchain. Efixii is licensed agritech tofarmers/cultivators/manufacturers in a SaaS model and is a free-to-useapp for consumers. All agricultural products sold through thesoftware generate a new sales-commission revenue stream for theCompany. Efixii's agricultural data is the intellectual property("IP") of GCAC. This IP creates an inherent difficulty inreplicating or competing with GCAC's agricultural datasets. GCACinitially defined their protocols in a provisional US patentapplication for the cannabis industry, 'System of Process and TrackingCannabis Products and Associated Method Using Blockchain, ' filed withthe USPTO on December 17, 2020. The Company constantly works toupdate its Patents and Trademarks as it enters new verticals.
[2] https://newsroom.globalcompliance.app/208719-gcac-helping-cannabis-companies-share-esg
[3] https://newsroom.globalcompliance.app/216422-gcac-announces-change-of-name
About US Hemp Brokerage (USHB)
USHB have actively farmed hemp, developed hemp brands,and marketed them to local, regional, and national wholesale clients. These retailers include Lucky’s, Sprouts, Natural Grocers,Wegmans, Giant Eagle, Bed, Bath & Beyond, Debbie’s, Target, CVS,Safeway, Albertson’s, Publix and most other mass and natural grocerychains. Additionally, leadership has been involved in medium andlarge-scale convenience and specialty store programs for CBD andFull-Spectrum Hemp product placement.
About Global Compliance 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 quicklyconnect each participant from product producers, distributors,manufacturers and retailers through a series of value chain dApps thatallows for data connectivity to drive better consumer experiences andsales. GCAC created clearESG to assist businesses in communicatingtheir sustainability goals and earned attributes on the blockchainthrough a series of ESG (Environmental, Social & Governance) meritbadges. As an interconnected supply chain solution, the Efixiisolution pays tokens for attesting to a product's value, or truthness,through a reward program. GCAC works in many agricultural industriesproviding a value-added blockchain offering through a cost-effectiveSaaS licensing model.
For more Company information, please visit www.globalcompliance.app , or reviewits profiles on 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-LookingInformation
This news release may includeforward-looking information within the meaning of Canadian securitieslegislation concerning the business of GCAC. Forward-lookinginformation is based on certain key expectations and assumptions madeby the management of GCAC. Although management of the Companybelieves 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 madeas of 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 Canadian Securities Exchange hasnot reviewed and does not accept responsibility for the adequacy andaccuracy of this information.
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