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Benzinga

Business

Nina Zdinjak

GCAC Secures $1.42M In Growth Funding From Abbey Technology GmbH

Medical cannabis retail sales platform Global Cannabis Applications Corp. (CSE:APP) (FSE:2FA) (OTCQB:FUAPF) announced it has entered into a CA$1.8 million($14.2 million) two year unsecured promissory note dated February 1, 2022, with Abbey Technology GmbH.

A portion of the funding is expected to be used in creating, operating, and promoting GCAC’s online medical cannabis retail sales portal, pursuant to the company having been issued a Health Canada Medical Cannabis Sales license on January 28, 2022.

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