Vancouver, British Columbia, Canada, July 13, 2023 – Global Compliance Applications Corp. (“GCAC” or the “Company”) (CSE: APP, FSE: 2FA, OTCQB: FUAPF), a leading chain-of-custody compliance and data platform, is pleased to announce the signing of a Value Added Reseller Agreement with US Hemp Brokerage LLC (USHB), further strengthening their existing partnership [1]. USHB, a leading brokerage service in the hemp industry, will now have the opportunity to offer Efixii Web 3.0 solutions, including the innovative Uplift NFT coupons, alongside the previously agreed clearESG program.
US Hemp Brokerage has successfully facilitated the sale of over $25 million worth of hemp, while also private labelling more than 75 CBD brands and several non-CBD brands.
With a long-standing reputation as a trusted broker, US Hemp Brokerage [2] has played a vital role in connecting buyers with suppliers across various industrial categories within the hemp sector. Through their four divisions, focused on branded and raw cannabinoid (CBD) products, as well as non-cannabinoid materials like hemp Hurd and HempWood, USHB has established itself as a prominent player in the industry.
Over the years, US Hemp Brokerage has successfully facilitated the sale of over $25 million worth of hemp, while also private labelling more than 75 CBD brands and several non-CBD brands. Their expertise extends to building materials, addressing the hospitality industry's needs with a diverse portfolio that includes alternatives to paper and plastic, flooring solutions, and wall coverings.
As a diligent third-party verification firm for sustainability metrics in the hemp industry, USHB is actively gathering ESG (Environmental, Social, and Governance) data for all its clients. By integrating the Company’s clearESG program [3], US Hemp Brokerage enhances its core marketing initiatives, leveraging verified sustainability metrics to strengthen brand positioning and consumer trust.
This partnership provides us with the selling resources we need to meet demand for all Efixii Web 3.0 offering, including clearESG and Uplift coupons. It is a clear indicator of the growth of the company and the trajectory we are on.GCAC CEO, Brad Moore
Under the new Value Added Reseller Agreement, USHB will now be able to provide its hemp brands with the exclusive Uplift coupon program. Uplift, an innovative customer loyalty and rewards program, introduces a groundbreaking feature: the Non-Fungible Token (NFT) coupon. By issuing one-of-a-kind blockchain-based coupons as NFTs, brands can offer consumers tangible cash discounts on a diverse array of products and services. These unique coupons can be easily redeemed at participating retailers, creating a surge in foot traffic and stimulating greater consumer engagement, as such meeting USHB sales goals to its clients.
Says GCAC CEO, Brad Moore “This partnership provides us with the selling resources we need to meet demand for all Efixii Web 3.0 offering, including clearESG and Uplift coupons. It is a clear indicator of the growth of the company and the trajectory we are on.”
Furthermore, US Hemp Brokerage's brands will become preferred product partners in the Citizen Green Project, qualifying them to earn Citizen Green Tokens [4] for making truthful attestations to the Efixii blockchain. This partnership further strengthens the commitment to transparency, sustainability, and responsible business practices within the hemp industry.
GCAC is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. GCAC's leading solution is Efixii, an Ethereum Layer 2 blockchain and EVM programming functionality 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 value chain dApps that allows for data connectivity to drive better consumer experiences and sales. GCAC created clearESG to assist businesses in communicating their sustainability goals and earned attributes on the blockchain 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 many agricultural industries providing a value-added blockchain offering through a cost-effective SaaS licensing model.
For more Company information, please visit www.globalcompliance.app, or review its profiles on www.sedar.com and on the Canadian Securities Exchange's website www.thecse.com.
CGVET is a token/coin with no intrinsic value or expectation of financial return. The coin is for entertainment purposes only. CGVET tokens shall only be issued to brand and retailer businesses that have successfully undergone Know Your Customer (KYC) and Anti-Money Luandering (AML) checks as performed by the Company or its designated service providers. The Annaul Percentage Yield (APY) rates are set by the Company at its sole discretion and may change without notice. The APY increases depending on how long the tokens are locked for, and the yield is currently set at 3.1% for 1 month, 8.7% for 2 months, 16.1% for 3 months, 25.4% for 4 month, 36.6% for 5 month, 50% for 6 months, 65.9% for 7 months, 84.6% for 8 month, 106.8% for 9 month, 132.8% for 10 months, 163.6% for 11 months, and 200% for 12 months. See CGVET APY rates at https://cross-fi.finance/.
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.
About Global Compliance Applications Corp.
Global Compliance Applications Corp. is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses.
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