PHOENIX, July 17, 2018 (GLOBE NEWSWIRE) -- Uptick Newswire, today announced the return of Brad Moore, CEO of Global Cannabis Applications Corp. – a leading developer of innovative data technologies for the cannabis industry – to Uptick Newswire’s Stock Day podcast with Everett Jolly.

“Global Cannabis Applications Corp. has made some announcements recently to raise capital and increase share price in 2018,” said Jolly.  “You have recently received Lithuanian utility designation, for your ICO, what does that mean for your company?”

“When we created the White Paper for our project, we decided to use a fixed number of tokens called a token economy versus an ICO, this means that the number of tokens does not increase,” said Moore.  “The Bank of Lithuania came back to us designating our tokens as a utility, not a security which puts us on the right side of regulators globally.” 

“Can you tell me what other companies have received this designation?” asked Jolly.

“Global Cannabis Applications Corp. is the only publicly traded cannabis company to receive the utility designation globally,” continued Moore.  “This designation comes with fewer rules and regulations because, unlike a security, a utility has the potential to acquire more honest data.  Additionally, the coin will have a currency equivalent and could be an asset on the books.

“This is an emerging market,” continued Moore.  “This is a great space to be in globally.”

Global Cannabis Applications, developed a system to accurately collect and appropriately weight data in order to extrapolate valuable results that distinguish the benefit and use of a particular strain of cannabis.  The medical uses for cannabis are continuing to be researched worldwide; the information provided by GCAC allows licensed producers and growers to identify strains that are highly efficient and have the best cost basis. 

To listen to the full interview please click here to the following link: https://upticknewswire.com/featured-interview...b-fuapf-2/

About Global Cannabis Applications Corp. Global Cannabis Applications Corp. is a global leader in designing, developing, marketing, and acquiring innovative mobile applications. Used in over 25 countries, Global Cannabis’ apps facilitate the proliferation of digital conversations by like-minded people. Managed by digital industry experts, Global Cannabis is focused on viral global expansion by providing the best user experience in each target market. Its leading mobile platforms are Citizen Green, a platform dedicated to the digital world of all things cannabis; Foro, a peer-to-peer mobile ecommerce student marketplace; Opinit, an app that enables users to socially share their favourite online sentiment-driven content; and Truth, a one-to-one anonymous messaging app.

For more information about Global Cannabis, visit online at www.cannappscorp.com, or review its profile on the SEDAR website (www.sedar.com) and on the Canadian Securities Exchange’s website (www.thecse.com).

For more information, please contact:

Corporate Communications  Telephone: 1.855.269.9554 Email: info@cannappscorp.com www.cannappscorp.com

Forward-Looking Information  This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Global Cannabis. Forward-looking information is based on certain key expectations and assumptions made by the management of Global Cannabis. Although Global Cannabis 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 Global Cannabis can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. Global Cannabis 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.

About Uptick Newswire and the “Stock Day" Podcast Uptick Newswire is a private company reaching out to the masses keeping investors and shareholders up to date on company news and bringing transparency to the undervalued, undersold, micro-cap stocks of the market and is the sole producer of the Uptick Network “Stock Day” Podcast. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire and has recently launched the Video Interview Studio located in Phoenix, Arizona with its new host Kathryn Donnelly.

Source: Uptick Newswire