VANCOUVER, Oct. 12, 2017 /CNW/ - Glance Technologies Inc. (CSE: GET.CN) (OTCQB: GLNNF) (CSE: GET.WT) (FKT: GJT) is pleased to announce that Cannapay Financial, a significant subsidiary of Glance, has acquired an Ayurvedic wellness product line. Cannapay will develop new products and a supporting lifestyle app to distribute content that will enable customers to realize the beneficial properties of Cannabis and THC.
Ayurvedic medicine treats Cannabis as an ancient holistic plant. This acquisition is the second acquisition of Ayurvedic products Cannapay has made this quarter. Cannapay intends to partner with licensed producers to create cannabis infused products to sell in Canada and distribute internationally where legal to do so.
"We are working to develop a meaningful, insights-driven brand and the supporting content with the underlying goal of educating cannabis consumers about how to most effectively utilize these products to achieve their health and wellness goals. Just as the practice of Ayurveda is based on the science of life, we are building a brand centered on the science of people," says Penny Green, Glance Technologies President.
Products will include items such as: soap bars, massage oils, candles, bubble bath, bath bombs, body sprays, moisturizer, bath salts and more. These will be created with essential oils and herbs, salts, hemp and other ingredients and will be used for skin rejuvenation, relaxation and overall rejuvenation, pain relief, stress reduction, skin repair, deep cleaning and more.
The lifestyle app will focus on wellness practice, guide users through exercises and meditations, as well as help them to understand what various wellness products do and which ones are right for them.
Cannapay has acquired the products, formulas relating to the development and composition of the aforementioned products, the results of all market and product research and all other intellectual property related to the products as well as the right to reformulate the products to include THC.
Cannapay has also appointed Bhavna Solecki as its Director of Products and Digital Content. Ms. Solecki is an Ayurvedic Holistic Practitioner and is the sole founder of Inner Evolution Healing Center Ltd. She is a recognized speaker and workshop facilitator for health and wellness events. She has been involved in research and development for pain and stress management for acute and chronic illnesses for the past fifteen years working with plant medicine and ancient therapies.
Cannapay is investing significant resources into developing trusted brands that can be distributed internationally, marketed and sold through its mobile payment cannabis lifestyle app.
"We are now engaging industry leaders in branding, product development, digital educational content production, regulatory experts and application user experience artists to create brands that will have tremendous impact on the international Cannabis community, and translating to significant revenues for Cannapay," says Green.
About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, geo targeted digital coupons, social media marketing, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in IoS (Apple) and Android formats, merchant manager apps, a large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing. Glance Pay has entered into significant licensing agreements to access the cannabis and fitness and wellness industries through Active Pay Distribution Inc. and Cannapay Financial Inc.
About Cannapay Financial Inc.
Cannapay is a partially owned subsidiary of Glance Technologies. Cannapay combines traditional financial services with innovative technology to provide enhanced digital financial services to legally operating businesses in the cannabis industry. Cannapay currently has an app in development leveraging the Glance Pay mobile payment system for the cannabis industry. The app is available for international licensing. Cannapay is also producing a cannabis infused wellness line and lifestyle app.
For more information about Glance, please go to www.glance.tech.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking information or forward-looking statements (collectively "forward- looking information") within the meaning of applicable securities laws. Forward- looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Glance cautions investors that any forward-looking information provided by Glance is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking complete discussion of such risk factors and their potential effects which may be accessed through the Glance's profile on SEDAR at www.sedar.com.
SOURCE Glance Technologies Inc.
For further information: Christina Rao, Vice President, Investor Relations, +1-(604)723-7480, [email protected]