GCAC Launches BOND for Global Cannabis Brands

Vancouver, British Columbia, Canada, July 18, 2024 – Global Compliance Applications Corp. (“GCAC”) (CSE: APP, FSE: 2FA, OTCQB: FUAPF), a blockchain-based platform known for revolutionizing consumer engagement, is proud to announce the release of new capabilities by Efixii Uplift. A transformative new solution for cannabis brands and producers providing them with the ability to deepen their relationship with their consumers. This new service, called BOND by Efixii Uplift, will be offered to over 776 licensed producers and processors in Canada and more than 3,000 cannabis brands in the United States. The program is based on an affordable monthly subscription and commission model, providing exceptional value to small and medium-sized operators with limited budgets to directly engage with end consumers ^[1].

A New Era of Consumer Engagement

BOND enables cannabis brands and producers to engage directly with consumers on the Efixii blockchain. By utilizing Non-Fungible Tokens (NFTs) and smart contracts, Efixii Uplift offers a secure and transparent method for distributing and redeeming token rewards and Uplift product coupons.

Key Features:

• Simplified Earn Process: Consumers collect NFT tokens by scanning a QR code on the product package, executed through an Ethereum smart contract.
• Direct Brand-to-Consumer Connection: Upon scanning the QR code, the token is transferred from the brand's Ethereum wallet to the consumer's wallet, facilitating direct interaction and engagement via the Uplift app.
• Security and Transparency: Efixii’s use of smart contracts ensures that the terms of the tokens are immutable and verifiable, significantly reducing the risk of fraud and enhancing auditability.
• Rewards and Incentives: After redeeming a set number of reward tokens, consumers receive a special Uplift coupon from the brand, providing additional incentives for continued engagement.

BOND departs from complicated loyalty & reward programs, harkening back to the simpler "old school" style loyalty that is based on a trusted relationship between consumers and business owners. This innovative approach leverages the security and transparency of the Efixii blockchain to create a seamless, fraud-resistant experience that connects brands directly with consumers one-to-one. Since it is blockchain-based, consumers never need to sign up to use Uplift, and Efixii does not collect personal user data. This overcomes significant hurdles to consumer adoption and eliminates the need for brands to invest in costly marketing programs to attract repeat customers.

Seamless Integration with Dispensaries

Dispensaries can also participate in this program, allowing consumers to redeem their reward coupons for free, or discounted products, which are paid for by the brands. This not only drives traffic to participating dispensaries but also enhances the overall consumer experience.

^[1] https://adcann.ca/blog/top-cannabis-brands-canada , https://mjseo.agency/top-cannabis-brands/

About 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 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.gcac.tech or review its profiles on www.sedarplus.ca and on the Canadian Securities Exchange’s website www.thecse.com.

Press Contact
Phone: +1 (800) 409-5679
Email: info@cannappscorp.com

Forward-Looking Information 

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.