GCAC Reports New Consumer App Downloads of Efixii Uplift
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Number adds to over 600+ Efixii downloads to-date
Vancouver, British Columbia - TheNewswire - August 10, 2023 - Global Compliance Applications Corp. (“GCAC” or the “Company”) (CSE:APP) (FSE:2FA) (OTC:FUAPF), a chain-of-custody compliance and data platform, is delighted to unveil a significant achievement. Reporting 121 new downloads of the Efixii Uplift consumer app since May 2023 underscores the need for US veterans to have one source for consistent, safe affordable CBD and medical cannabis. These consumer downloads are part of the Citizen Green Project's initial beta in Ohio, with the Company ready to expand nationally, starting with Michigan, Pennsylvania, Virginia, and North Carolina.
The Efixii Uplift app and its NFT couponing program have emerged as a game-changer for both US and Canadian veterans. This app offers exclusive discounts on CBD and medical cannabis, acknowledging the contributions and sacrifices of veterans and addressing their healthcare needs. In a landscape where the average per-ounce cost of medical cannabis in the United States stands at $318.74 [1], and the average monthly spending amounts to $304.9 [2] as of November 2022, the Efixii Uplift app significantly mitigates the financial burden on veterans, fostering a positive impact on their quality of life.
A remarkable 18% average retailer discount on cannabis [3] translates into substantial savings for US veterans using the Efixii Uplift blockchain-powered app. For every redeemed NFT discount, an average of 30% of the face of the coupon is earned in revenue by the Company, ensuring a sustainable source of support for veterans' initiatives.
Afghanistan and Iraq veterans overwhelmingly embrace medical cannabis with an impressive 74% support rate [4]. This statistic gains greater significance when considering the substantial number of soldiers who served in these war zones, estimated at up to 3 million [5]. This profound level of support underscores the transformative need for The Citizen Green Project.
The beta program in Ohio exemplifies the ripple effect of change. In a state where 21,000 veterans are registered for medical cannabis, out of a total veteran population of 680,310 (111K+ of those having served Post 9-11) [6], the potential for positive change is palpable. The Efixii Uplift app's impact transcends numbers, touching lives, and elevating the well-being of veterans on a national scale.
GCAC CEO Brad Moore, a veteran himself, shared, "I am profoundly pleased to witness the tangible results of bringing the Citizen Green Project to the US veteran community. With each Uplift app download, GCAC can generate $197 per year for every veteran who embraces the app, unlocking a vast landscape of potential. When combined with the growing number of brands joining [7],these initial 100 downloads, a mere fraction of the veterans we can reach, underscore the immense scale of the opportunity."
Comparable Layer 2 Ethereum projects using Optimistic rollups have TVL values ranging from USD$17,000++ per user [8]. As such with a target of 25,000 veteran Uplift downloads, this creates a significant potential value for the Company.
[1] https://www.statista.com/statistics/589688/medical-marijuana-prices-by-state/
[2] https://karger.com/mca/article/4/1/13/188927/Demographics-Perceptions-and-Use-of-Medical
[3] https://flowhub.com/learn/dispensary-discount-statistics
[4] https://www.statista.com/statistics/586662/iraq-afghanistan-veterans-medical-marijuana-opinions/
[5] https://watson.brown.edu/costsofwar/costs/human/veterans
[6] https://www.thecentersquare.com/ohio/article_c52e99d0-e813-11ea-8ffc-eb85814789e6.html
[8] https://milkroad.com/layer-2/
About Global Compliance Applications Corp. “GCAC”
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.
GCAC Press Contact
Phone: +1 (800) 409-5679
Email: info@GCAC.tech
www.globalcompliance.app
Forward-Looking Information
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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