GCAC Completes Up-listing to OTCQB
GCAC announced this week that they have been approved to be upgraded to the OTCQB market, which will be helped by an exciting reaction to the company's Efixii technology at the MJBizCon in Las Vegas.
Trading on OTCQB commenced on Monday, November 21st. This up-listing will allow the company's common shares to be available to a larger group of U.S. investors and provides for enhanced trading liquidity.
In addition, corporate investors and individual shareholders will benefit from this news by now having access to Real-Time Level 2 Quote Display on the GCAC websites, along with OTC Market Reports summarising the company's security activity.
Brad Moore, the company's CEO had the following comment:
"GCAC is a story worth telling to both Canadian and American investors. As we move aggressively into the U.S. cannabis markets, we are pleased to have a more efficient way to tell our awesome story to a much broader base inside the U.S. capital markets."
This could not have come at a better time, following on from a very positive few weeks in the U.S.. The company’s Efixii blockchain-powered mobile application received enthusiastic reviews at October’s MJBizCon in Las Vegas. Specifically, the Company executed a Letter of Intent with EMTRI, representing over 20,000 cultivators in Northern California.
GCAC will provide software development and implementation services to customize Efixii technology for a one-time fee of US$500,000, plus a perpetual revenue share of EMTRI’s QR-code sales to cultivators.
Mr. Moore was also a headline speaker presenting the Efixii SaaS technology at the CannabiSalud “Business Investment Summit” in Cancun, Mexico, from November 18-20, 2021. Mexico is one of the world’s newest and largest legal cannabis markets, so this may be a great market for the company to target.