GCAC announces $400,000 deal with European CBD oil producer
Global Cannabis Applications Corp. (GCAC), a medical cannabis chain-of-custody compliance and data platform, today announced it has signed a Memorandum of Understanding to supply Efixii QR Codes on the retail packaging of CBD Agrocasa, Europe’s largest CBD producer.
The Agreement is for the Efixii QR Codes to be applied to an initial retail rollout of 400 liters of CBD oil tinctures, containing approximately 2 twomillion grams of cannabis, at a SaaS license cost of CA$0.20 per gram.
GCAC’s Efixii platform attests to a CBD products’ lifecycle, from seed to sale, and is the only cannabis data platform in the world that then acquires actual user-efficacy data on CBD consumption using its Efixii app; now available on Apple’s App Store and Google’s Play Store.
Agrocasa is the largest producer of CBD in Europe and focuses on producing authentic European CBD products using its Pharma-Grade EU GMP certified standard.
Agrocasa has the largest managed-grow operations of Hemp inside Europe with a harvest capacity in excess of 4,000 ha. that produced approximately 24,000 liters of concentrated CBD oils in 2020.
Brad Moore, CEO of GCAC said: “We are really looking forward to showcasing the power of Efixii’s truthful cannabis pre-consumption grow-data, coupled with Efixii’s post-consumption efficacy feedback-collection with Agrocasa’s retail products. This $400k deal is for an initial run to enhance consumer confidence in Agrocasas’ products and add an amazing feedback-loop for Agrocasa to fine-tune their grows of local strains sourced from the EU Plant Variety database.”