Tickers: XCNQ:APP, PINX:FUAPF
Tags: Medicinal Marijuana, Mining, Technology
Vancouver, British Columbia, Canada / TheNewswire / October 19, 2017 - Global Cannabis Applications Corp. ("GCAC" or the "Company") (CSE: APP, FSE:2FA, OTCQB: FUAPF), a leading developer of innovative data technologies for the cannabis industry, is pleased to announce the engagement of Simon Sorockyj, a leading digital economy specialist for initial coin offerings (ICO), ICO management, blockchain strategy and blockchain based loyalty programs.
"Mr. Sorockyj brings a wealth of knowledge and experience to our team as we move to develop a proprietary blockchain database including a token reward based loyalty program," said Brad Moore, CEO of GCAC. "We are building a world leading medical cannabis database, by using the security and immutability of blockchain technology, we are able to collect and protect personal data and reward users for continuous engagement in our apps. Our app users expect the highest level of security and put their trust in our system, and with blockchain technology the database will become safe, secure and trusted, plus a highly attractive and commercially valuable asset for GCAC."
Simon Sorockyj is an entrepreneurial tech lawyer with twenty years of experience specializing in commercialization of mobile applications, fintech, global payment systems and blockchain delivery strategy. He will be developing the Company's Citizen Green ICO strategy and delivery model. Mr. Sorockyj brings significant knowledge to GCAC with a deep background in loyalty program delivery, having developed such programs for Visa, Commonwealth Bank of Australia, ANZ (Australia), ABN AMRO and Merchant 360 (USA). Mr. Sorockyj has also had extensive international experience in enterprise software commercialisation for Accenture and Microsoft.
"I am very excited to be involved with Global Cannabis world leading applications and blockchain delivery platform," said Mr. Sorockyj. "I aim to use my experience in global payments and loyalty programs to help GCAC build a blockchain and token that will be the best in the cannabis industry with the ability to collect sensitive data and reward medical cannabis users for sharing their experiences on the GCAC Apps. Empowering Citizen Green users with a valuable and trusted reward system for personal data sharing using blockchain is a significant development for the cannabis industry."
GCAC is preparing for an imminent ICO to raise non-dilutionary funds for its blockchain based platform. Mr. Sorockyj will be charged with the planning and design of the ICO and implementation of the Citizen Green token based loyalty program.
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. GCAC's Citizen Green technologies include mobile applications, blockchain infrastructure and artificial Intelligence. These technologies facilitate the
proliferation of digital conversations by like-minded people in medical cannabis. 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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