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It was not that long ago that Global Cannabis Appli-cations Corp (“APP”) was on our cover. APP was one of the first out of the gate recog-
nizing the value of applying blockchain technology to this industry and also in recogizing that mobile apps are a preferred medium.
You may recall that one of most successful “finds” was Canada House Wellness Group (CSE:CHV) that is not only a Licensed Producer with a low market cap but also has a revenue generating clininc network and a successful mobile app. Let’s take a look at some key metrics of Global Cannabis Applications Corp.
The CSE’s lead page on APP describes the company as:
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 evolution of conversation by like-minded people in a digital environment. Managed by digital industry experts, Global Cannabis is focused on global expansion and 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.
APP has geographic and demographic diversification. As odd as this may sound, their current lack of social media presence appears to be
strategic because they want people to download their APP and also social media portals are often the medium of choice by hackers to infiltrate targeted individuals and companies. This is not to suggest that they will not have a social media presence in time but rather the lack of it is in no way a detraction or a concern. Be weary of those who criticize APP’s current lack of a social media presence.
APP’s Potential (Investment Highlights per their website):
- Strong business drivers: – multi-billion-dollar market phenomenon, – total lack of trusted cannabis related information.
- Citizen Green solution to become most trusted source for “all things cannabis”.
- Patented and proprietary blockchain, mobile app and artificial intelligence intellectual property.
- Revenue and user growth achievable from numerous sources.
- Prescriptii and CannaLife apps launching 4Q2017 seeded with existing Fundametal app users.
- Proprietary specialized database IP “CannaCube” powered by + 10 years of medical cannabis patient data.
- Excellent capital structure.
- Strong leadership team committed to growth and shareholder value.
Global Cannabis Applications Corp.
CSE:APP OTC:FUAPF FRA:2FA
Past Symbol: TSX:ICP
As At December 22, 2017
Shares Outstanding: 57,501,861 (thecse.com)
Share Price: $0.34 Market Cap: $19,550,572