Mr. Brad Moore reports
GCAC ANNOUNCES APPLICATION TO LIST ON UPSTREAM - A NEXT GENERATION MERJ EXCHANGE MARKET
Global Compliance Applications Corp. has submitted an application to dual list its shares on Upstream, a revolutionary securities trading app designed to eliminate barriers for international investment into North American public companies while not competing with domestic exchanges, such as the Canadian Securities Exchange or Nasdaq.
Upstream provides public companies with access to an international, retail investor base that can trade regulated securities using USD coin digital currency along with credit/debit cards, PayPal and USD. Anyone may open an account on Upstream as there are no stockbrokers to qualify for. Upstream users are connected directly to the stock exchange where they may freely trade the company's shares and derivatives.
Upstream does not permit short selling, does not allow payment for order flow, has public, real-time order books and offers automated market-making to enhance issuer liquidity.
The planned uplisting is expected to enhance the company's global exposure, expand investment opportunities, unlock liquidity and improve price discovery. The company's current shareholders, and its listings on CSE and OTC markets, will not be adversely affected by a successful listing to Upstream.
"We believe that our application to list on Upstream will help [the company] improve liquidity, enhance price discovery and provide reach to a new international investor base," said Brad Moore, president and chief executive officer of the company. "Upstream is a fully regulated trading app with a global audience of investors in regions where trading in U.S. or Canadian-listed microcap securities like [the company] is almost impossible. We expect Upstream to be an excellent vehicle to reach this as-yet untapped base of new investors for us."
Approval to be listed on Upstream is subject to acceptance by MERJ Exchange Ltd. However, as an existing CSE issuer, the company may be eligible for an expedited listing review and approval process.
Non-U.S./Canadian investors may prepare for the potential listing by downloading Upstream from their preferred app store, creating an account by tapping sign up and completing a simple KYC (know-your-customer) identity verification process.
About Global Compliance Applications Corp.
Global Compliance is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. Global Compliance's leading solution is Efixii, an ethereum layer 2 blockchain and EVM (ethereum virtual machine) programming functionality that is on par with other layer 2s. Global Compliance can connect product producers, distributors, manufacturers and retailers through a series of value-chain dApps (decentralized applications) that allows for data connectivity to drive better consumer experiences and sales. Global Compliance serves as a one-stop digital-coupon shop that saves users money on cannabis and cannabidiol that may have Efixii-blockchain verified seed-to-sale life cycle information. Global Compliance works in many agricultural industries providing a value-added blockchain offering through a cost-effective SaaS (software-as-a-service) licensing model.
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