GCAC Partners with Cannabis Life Science to Bring Discounted Cannabis to Nevada’s 200k Veterans

Vancouver, British Columbia, Canada, February 20, 2024 – Global Compliance Applications Corp. (“GCAC”) (CSE: APP, FSE: 2FA, OTCQB: FUAPF), a one-stop digital-coupon shop that saves veterans and other consumers money on cannabis and CBD products, is excited to partner with Cannabis Life Sciences (“CLS”), CLS Holdings USA, Inc. (OTCQB: CLSH) (CSE: CLSH), to bring discounted cannabis to Nevada's veteran community.

This collaborative effort will see CLS provide Uplift discount coupons for their City Trees products which can be redeemed at Oasis Cannabis, the CLS retail dispensary. Uplifts’ digital coupons for CLS products will be made available to all 200,000 plus veterans in the Silver State ^[1].

City Trees, the #1 vape and concentrate brand in Nevada ^[2], processes cannabis at its 10,000 square foot facility, and wholesales their cannabis-related products to Oasis Cannabis, and external third parties. City Trees served 85 external customers in the quarter ended 11/30/23, generating $2.1m in B2B revenue for the period ^[3].

Oasis Cannabis, with an over 2,500 square foot retail dispensary on the Las Vegas Strip that served 68,586 customers in the quarter ended 11/30/23 and generated $3.1m in B2C revenue for the period, representing an average revenue per user of $136 ^[4]. Oasis is consistently rated as one of the Top 10 dispensaries in Las Vegas ^[5].

GCAC’s app typically offer a 25% discount using its $5 to $20 digital-coupons on individual cannabis products to veterans. GCAC earns 30% of each redeemed-coupons’ face-value for the provision of its digital services to retailers. For every $1m in retail sales with a discount, GCAC would expect to earn $75,000 ^[6].

This joint venture seeks to empower veterans in Nevada with the means to pursue growth and healing on their own terms. The Uplift app allows for anonymous veteran feedback on product efficacy which is shared in real-time with their peers. This approach guarantees that only the highest quality products are recommended, fostering an environment of trust and transparency amongst veterans.

GCAC’s CEO, Brad Moore “In cannabis retail is where Efixii Uplift shines. Its ability to connect brands, retailers and consumers is unparalleled. Transparency of product and experiences is key to success in medical cannabis treatment. As a Canadian veteran, I have seen how our American brother and sisters are underserved due to current US federal regulations. I am delighted that CLS has joined the Citizen Green Project to make a meaningful impact, offering support and healing to those who have served their country. Today, together we start making a difference for Nevada veterans.”

The partnership will also look to expand across the CLS external wholesale B2B customer-base, and their dispensaries, to offer Uplift coupons to non-veteran consumers in Nevada’s $850 million cannabis market ^[7], while expanding City Trees branded cannabis products throughout the state.

[1] https://www.va.gov/vetdata/Veteran_Population.asp

[2] https://www.barrons.com/articles/city-trees-production-facility-achieves-unprecedented-milestone-with-record-breaking-sales-month-db6df98f

[3]_https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1522222/000118518524000064/cls20231130_10q.htm

[4] https://markets.businessinsider.com/news/stocks/touchdown-in-las-vegas-exploring-nevada-s-cannabis-field-market-and-companies-ahead-of-super-bowl-lviii-1033052488  

[5] https://mgmagazine.com/business/retail-merchandise/best-dispensaries-las-vegas/

[6] $1,000,000 * 25% * 30% = $75,000

[7] https://markets.businessinsider.com/news/stocks/touchdown-in-las-vegas-exploring-nevada-s-cannabis-field-market-and-companies-ahead-of-super-bowl-lviii-1033052488

About CLS Holdings USA, Inc.

CLS is a diversified cannabis company, focuses on the extraction and conversion of cannabinoids in the United States. It extracts cannabinoids from the cannabis plants and converts into concentrates, that includes oils, waxes, edibles, and shatters; and provides toll processing services. The company also sells organic medical cannabis to licensed retailers; recreational marijuana cannabis products to licensed distributors and retailers; extraction products, such as oils and waxes derived from in-house cannabis production; and offers processing and extraction services for licensed medical cannabis cultivators, as well as cannabis strains in the form of vegetative cuttings to licensed medical cannabis cultivators. It offers its products under Oasis Cannabis and City Trees brand names. The company’s concentrates are used for pharmaceutical and other purposes. CLS was founded in 2014 and is based in Las Vegas, Nevada. https://www.clsholdingsinc.com/

About Global Compliance Applications Corp. “GCAC”

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 connect 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 serves as a one-stop digital-coupon shop that saves users money on cannabis and CBD that may have Efixii-blockchain verified seed to sale lifecycle information. GCAC works in many agricultural industries providing a value-added blockchain offering through a cost-effective SaaS licensing model.

For more information, please visit globalcompliance.app, or review its profile on sedar.com and the Canadian Securities Exchange thecse.com.

GCAC Press Contact                             

+1 (800) 409-5679                                

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Forward-Looking Information 

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.