alexgreat replied the topic: Cannabis Wheaton TSXV:CBW
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 Lawsand 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."
GoldnBoy replied the topic: Cannabis Wheaton TSXV:CBW
VANCOUVER, BC--(Marketwired - September 20, 2017) - Cannabis Wheaton Income Corp. (TSX VENTURE: CBW) ("Cannabis Wheaton", "CW", or the "Company") is happy to announce that it has entered an exclusive distribution alliance with the corporate owner of a national chain of independent pharmacies (the "PharmacyGroup") to develop and implement medical cannabis distribution and retail sale opportunities at all Pharmacy Group locations (collectively, the "Responsible Retailing Program").
The Pharmacy Group currently owns and operates approximately 40 independent pharmacies across Canada. In an arrangement that the Company believes to be the first of its kind in Canada, the Responsible Retailing Program gives Cannabis Wheaton the exclusive right for 10 years to: (i) create medical cannabis distribution sites within each Pharmacy Group location if/when such distribution is permitted pursuant to applicable law (each, a "Medical Cannabis Retail Site"); (ii) subject to certain commercial carve-outs, supply any form of cannabis, cannabis-infused or cannabis-derived products (collectively "Cannabis Products") to each Medical Cannabis Retail Site; and (iii) manage the display and/or advertising of Cannabis Products at each Medical Cannabis Retail Site. All profits generated by the sale of Cannabis Products at Medical Cannabis Retail Sites will be subject to a profit-sharing arrangement to be negotiated by the parties on a jurisdiction by jurisdiction basis if/when such distribution is legally permitted in such jurisdiction. In consideration for such exclusivity, Cannabis Wheaton will issue the Pharmacy Group warrants to purchase up to 1,000,000 common shares of the Company at an exercise price of $1.00 per common share for a period of 5 years.