APP:CC - New Joint Venture Executed to Escalate Industrial Hemp Industry as a Sustainable Solution in North America
(TheNewswire)
B.I. & blockchain hemp tech offering is availablein all US states
Vancouver, British Columbia, Canada– TheNewswire - October 11, 2022 – GlobalCompliance Applications Corp. (" GCAC" or the " Company" )( CSE:APP ) , ( FSE:2FA ) , ( OTC:FUAPF ), announcesa strategic partnership with ThingBlu Inc., a Washington state-basedbusiness with a SaaS agriculture business intelligence solution andB&M Products and Services LLP , an Indiana state company that has contractswith a network of industrial hemp growers and processors. Bypartnering with B&M, GCAC and ThingBlu's current integratedBusiness Intelligence-blockchain offering [1] is now available to allin the U.S hemp industry in an affordable SaaS offering.
The recent approval of industrial hemp products, suchas hempcrete [2], showcases the growing value of the hemp plant forthings such as animal bedding, insulation, textiles, bioplastics andbiofuel. North America's industrial hemp market is anticipated toreach USD 87.5 million by 2027. It is expected to grow at a CAGR of7.5%, per Global Market Insights. In addition, the use of blockchaintechnology in the global agriculture and food supply chain is growingexponentially yearly. As a result, it will reach USD 359.08 million by2027[3].
Marla Rivera, Owner of B&M Products & Services,states, “We can now help our network of farmers & processorsavoid the missteps we saw in the 2018 hemp rush. Our goal is todeliver high-quality industrial hemp in high volume to predictable,transparent, high-quality markets. We also recognize our programneeds to support other diverse commodities for inclusion for everyfarmer. This partnership ensures the next generation of growers candeliver products that will make a long-term sustainableimpact".
Kevin Gorman, CEO of ThingBlu, commented, "As aperson that grew up farming, I know agriculture runs on very tightmargins. With the industrial hemp market ramping up, ThingBlu’s SaaSsoftware analysis of collected workflow and sensor data can play ahuge part in a hemp farm's viability. On the blockchain, it'sunbeatable.”
Bradley Moore, CEO of GCAC, said, “As we have said,the Efixii blockchain is a powerful tool in connecting people who growproducts with consumers. A smartphone, Efixii dApp and QR code canchange a business overnight; all are offered as affordable BaaSsolutions. B&M, ThingBlu and GCAC, are here to help."
[1]https://newsroom.globalcompliance.app/214186-gcac-and-thingblu-to-offer-cannabis-hemp-growers-ability-to-add-grower-business-intelligence-data-to-the-blockchain
[2]https://www.globenewswire.com/news-release/2022/10/06/2529735/0/en/Hempcrete-Approved-for-U-S-Residential-Construction.html
[3]https://www.reportlinker.com/p06276829/Blockchain-in-Agriculture-Food-Supply-Chain-Market-Research-Report-by-Type-Stakeholders-Providers-Organization-Size-Application-Region-Global-Forecast-to-Cumulative-Impact-of-COVID-19.html?utm_source=GNW
About ThingBlu Inc.
ThingBlu facilitates and manages the collection andanalysis of data inputs for ag operations so the farmers can focus onwhat needs to be done. From workflow management to sensor input on aunified dashboard, data is collected and presented as information fordecision-making based upon data. A platform that integrates withexisting systems and drives operational efficiencies while promotinggood governance of both natural and human systems.
Workflow Management gives the grower the power toassign, monitor, and manage all daily tasks. The creation of bestbusiness practices and clearer operational visibility provide greateragility for making data-informed decisions. Employees are more engagedand more efficient, reducing turnover. Tasks are monitored inreal-time, from any location, to ensure they are performed accordingto set SOPs and in an efficient manner. More info atthingblu.com
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 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 visitwww.gcac.tech or review its 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.gcac.tech
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 Company believesthat the expectations and assumptions on which such forward-lookinginformation is based are reasonable, undue reliance should not beplaced on the forward-looking information because GCAC can give noassurance that they will prove to be correct. Forward-lookingstatements contained in this news release are made as of the date ofthis news release. GCAC disclaims any intent or obligation to updatepublicly any forward-looking information, whether as a result of newinformation, future events or results or otherwise, other than asrequired by applicable securities laws.
The Canadian Securities Exchange hasnot reviewed and does not accept responsibility for the adequacy andaccuracy of this information.
Copyright (c) 2022 TheNewswire - All rights reserved.