Vancouver, British Columbia, Canada, February 19, 2019 – Global Cannabis Applications Corp. (“GCAC” or the “Company”) (CSE: APP, FSE: 2FA, OTCQB: FUAPF), a leading developer of innovative data technologies for the medical cannabis industry, is pleased to announce the marketing and sales campaign targeting medical cannabis dispensaries in cannabis-friendly jurisdictions across North America is gaining momentum with Los Angeles based Downtown Meds signing a binding letter of intent to use the smart technology driven Citizen Green Community in their three (3) retail locations and to become a licensed reseller of the GCAC solution.
“I am very pleased to welcome Downtown Meds to the Citizen Green Community not only as a user of the technology but as the first licensed reseller of our technology in the state of California,” said Q Ladraa, Brand Ambassador of GCAC. “The Citizen Green solution can optimize a cannabis retailer’s business operations, transform the relationships between retailers and their customers and drive incremental revenue. We can think of no higher endorsement than to have a such an esteemed customer as Downtown Meds want to advocate Citizen Green technology to other retailers in California.”
Downtown Meds currently operates three dispensaries located in Los Angeles, California and will use Citizen Green Community to grow its medical cannabis businesses using data insights created through smart technologies. Each dispensary will pay an ongoing monthly fee to access the three core applications:
- Prescriptii Patient-Care Solution – a mobile and desktop application,
- Onward Rewards – a one-of-a-kind loyalty reward program, and
- The Citizen Green Marketplace – an exclusive marketplace for trading data and insights.
In addition, Downtown Meds will become a licensed reseller agent of the Citizen Green Community applications to other dispensaries in California. Both parties have agreed to finalize both the reseller and end user agreements no later than March 15, 2019.
The Citizen Green Community was designed for medical cannabis retailers to build loyalty with patients while growing their underlying retail business. Retail dispensary owners and employees are encouraged to visit the citizengreen.io website to learn more about the Citizen Green Community including the detailed descriptions about the powerful online tools, analysis of the potential monetary benefits, examples of data insight reports and actual demonstrations of the applications in action.
About Global Cannabis Applications Corp.
Global Cannabis Applications Corp. is a global leader in designing, developing, marketing and acquiring innovative data technologies for the medical cannabis industry. The Citizen Green platform is the world’s first end-to-end – from patient to regulator – medical cannabis data solution. It uses six core technologies: mobile applications, artificial intelligence, regtech, smart databases, blockchain and digital reward tokens, to qualify candidates for clinical studies. These technologies facilitate the proliferation of digital conversations by like-minded people in the medical cannabis community. Managed by digital and cannabis industry experts, GCAC is focused on viral global expansion by providing the best digital experience in the cannabis market.
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This news release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of GCAC. Forward-looking information is based on certain key expectations and assumptions made by the management of GCAC. Although management of the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GCAC can give no assurance that they will prove to be correct. Forward-looking statements contained in this news release are made as of the date of this news release. GCAC disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.