Vancouver, British Columbia, Canada, July 20, 2022 – Global Compliance Applications Corp. (“GCAC” or the “Company") (CSE: APP, FSE: 2FA, OTCQB: FUAPF) is pleased to announce that Jeff Depatie, as head of its new Veteran Advisory Board for its joint venture with Comsol.
As announced on June 9, 2022, GCAC and Comsol are joining forces to provide medical cannabis cultivated to Canadian veterans [1]. The new entity named Citizen Green is being hailed as an innovative way to provide premium cannabis grown using the Company's patented pending Efixii software.
Jeff Depatie served 15 years in the Canadian Armed Forces (CAF), starting in the airborne infantry, then being accepted into Canada’s elite special forces unit, Joint Task Force 2 (JTF2), as an assaulter and sniper [2]. After multiple deployments, Depatie left the military and formed the Special Forces Experience (SFE), a community made of a collective of individuals rooted in the belief that challenge and adversity can be a springboard for growth in all aspects of life [3]. As with his objectives in building the SFE, Depatie will take a direct role with the Citizen Green management team to construct veteran communities that honour integrity, wisdom, service and personal growth. Depatie brings a unique perspective on human optimization processes and will provide tools to veterans within the Citizen Green environment. As part of his responsibility, Depatie will join GCAC CEO, Brad Moore, helping share the message to the veteran community.
Veterans Affairs Canada reimburses authorized veterans up to 3 grams per day of dried cannabis or the equivalent in fresh cannabis, edible cannabis, cannabis extracts (including cannabis oil) or cannabis topicals [4]. Over 15,000 veterans use this program, and the Canadian government covers $117M in cannabis prescriptions.
States GCAC's CEO Brad Moore, "Jeff brings expertise and insights to Citizen Green that fit perfectly with our product and technology solutions. Jeff and I, as veterans, believe that providing cannabis medication without the tools to do the ‘work’ to make government money is irresponsible. Citizen Green’s goal is to provide better outcomes for the troops. Pro Patria”
Efixii is licensed agritech to farmers/cultivators/manufacturers in a SaaS model and is a free-to-use app for consumers. All agricultural products sold through the software generate a new sales-commission revenue stream for the Company. Efixii's agricultural data is the intellectual property ("IP") of GCAC. This IP creates an inherent difficulty in replicating or competing with GCAC's agricultural datasets. GCAC initially defined their protocols in a provisional US patent application for the cannabis industry, 'System of Process and Tracking Cannabis Products and Associated Method Using Blockchain, ' filed with the USPTO on Dec. 17, 2020. The Company constantly works to update its Patents and Trademarks as it enters new verticals.
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.
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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