Global Cannabis Applications Corp ( (TSE:APP) ) just unveiled an update.
Global Compliance Applications Corp (GCAC) announced a non-brokered private placement of 8,000,000 units at $0.01 per unit, raising $80,000 to be used for general working capital. Additionally, GCAC will settle $351,891 of debt by issuing 35,189,141 units to creditors, enhancing its financial stability and potentially improving its market position. These strategic financial maneuvers aim to strengthen GCAC’s operational capabilities and stakeholder confidence.
More about Global Cannabis Applications Corp
Global Compliance Applications Corp (GCAC) is a leader in developing blockchain technologies and machine learning solutions aimed at enhancing real-world business operations. Their flagship solution, Efixii, is an Ethereum Layer 2 blockchain that facilitates data connectivity across the supply chain, improving consumer experiences and sales. GCAC also offers clearESG, a tool for businesses to communicate sustainability goals through blockchain-based ESG merit badges, and operates in various agricultural industries with a SaaS licensing model.
Technical Sentiment Signal: Buy
Current Market Cap: C$1.56M
See more insights into APP stock on TipRanks’ Stock Analysis page.