Tickers: XCNQ:APP, PINX:FUAPF
Tags: Medicinal Marijuana, Mining, Technology
Vancouver, British Columbia, Canada / TheNewswire / September 27, 2017 - Global Cannabis Applications Corp. ("GCAC" or the "Company") (CSE:APP, FWB:2FA, OTCQB:FUAPF), a leading developer of innovative data technologies for the cannabis industry, is pleased to announce the appointment of Rasool Verjee to its Advisory Board.
Mr. Verjee is a serial entrepreneur with a depth of experience in telecommunications and technology and an extensive, diverse global network. His career has been marked by early adoption of emerging technologies delivering high returns on equity from start-up operations as evidenced by Telemagix, LavaLife Inc., and World Phone Inc. He currently assists several companies planning to launch Initial Coin Offerings (ICOs) and is a partner in a Blockchain consultancy company. He holds both a Bachelor of Laws and a Master in International Law from Cambridge University.
Rasool Verjee will serve to provide guidance and forethought to the Company as it develops a purpose-built GCAC (Citizen Green) Blockchain to provide an immutable trust service for the global medical cannabis supply chain. Mr. Verjee will work with GCAC's management to define a framework that medical cannabis suppliers can use to secure their supply chain process on the GCAC Blockchain to share knowledge and build trust with medical cannabis regulators. The GCAC Blockchain will also be used to create digital tokens for GCAC apps users to earn credits for engagement and information sharing on Prescriptti and CannaLife.
"As GCAC continues to expand its app data offering, we take great pleasure in having Mr. Verjee with his leadership in Blockchain and ICOs join the Advisory Board," states GCAC's CEO, Brad Moore.
"Global Cannabis is taking medical cannabis data to the next level with their Blockchain development," added Rasool Verjee. "The incentivizing of app users with an ICO token and the use of smart contracts to encourage cannabis suppliers to participate is extremely innovative."
About Global Cannabis Applications Corp.
Global Cannabis Applications Corp. is a global leader in designing, developing, marketing, and acquiring innovative data technologies for the cannabis industry. Used globally, GCAC's technologies facilitate the proliferation of digital conversations by like-minded people. Managed by digital and cannabis industry experts, GCAC is focused on viral global expansion by providing the best digital experience in the cannabis market.
For more information about the Company, please visit online at www.cannappscorp.com, or review its profiles on the SEDAR website (www.sedar.com) and on the Canadian Securities Exchange's website (www.thecse.com).
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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.
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