GCAC Funding Cannabis Cultivators That License Efixii – World News ReportPosted by On


Suppliers to the GCAC cannabis web shop now pre-fund grows using decentralized finance

VANCOUVER, BRITISH COLUMBIA, CANADA, July 20, 2021 /EINPresswire.com/ — Global Cannabis Applications Corp. (“GCAC” or the “Company”) (CSE: APP, FSE: 2FA, OTCQB: FUAPF), a leading medical cannabis chain-of-custody compliance and data platform, announced today that it will fund cannabis growers that license the Company’s Efixii cannabis Seed2Seed blockchain software.

Efixii licensees can now apply to pre-finance their cannabis cultivations. To qualify for financing, first, the growers must license and track all cultivation events using the Efixii blockchain software [1] and, second growers grant GCAC the right to sell their cannabis batch from the Company’s upcoming web shop, as licensed under Health Canada’s Non-Possession Selling License [2].

Grow-funding is risk-free, does not have to be repaid, and is paid in Canadian Dollars using a Uniswap decentralized finance ‘defi’ token offering to the crypto community. Initially, funding will be for a grow-cost of $1.70 [4] per gram for a disclosed number of grams, with a funding range of $35,000 to $175,000. GCAC will sell the cannabis in its web shop at a prevailing retail price range of $8-$12 [3]. The defi offering closes once the funding target is reached, and as the grow progresses, Efixii informs the investors of each step of the grow and onward GCAC sales.

A $136,000 funding example; for an…

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Suppliers to the GCAC cannabis web shop now pre-fund grows using decentralized finance

VANCOUVER, BRITISH COLUMBIA, CANADA, July 20, 2021 /EINPresswire.com/ — Global Cannabis Applications Corp. (“GCAC” or the “Company”) (CSE: APP, FSE: 2FA, OTCQB: FUAPF), a leading medical cannabis chain-of-custody compliance and data platform, announced today that it will fund cannabis growers that license the Company’s Efixii cannabis Seed2Seed blockchain software.

Efixii licensees can now apply to pre-finance their cannabis cultivations. To qualify for financing, first, the growers must license and track all cultivation events using the Efixii blockchain software [1] and, second growers grant GCAC the right to sell their cannabis batch from the Company’s upcoming web shop, as licensed under Health Canada’s Non-Possession Selling License [2].

Grow-funding is risk-free, does not have to be repaid, and is paid in Canadian Dollars using a Uniswap decentralized finance ‘defi’ token offering to the crypto community. Initially, funding will be for a grow-cost of $1.70 [4] per gram for a disclosed number of grams, with a funding range of $35,000 to $175,000. GCAC will sell the cannabis in its web shop at a prevailing retail price range of $8-$12 [3]. The defi offering closes once the funding target is reached, and as the grow progresses, Efixii informs the investors of each step of the grow and onward GCAC sales.

A $136,000 funding example; for an…



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