Fintech

Glance Technologies (CSE:GET.CN) has announced that its partially-owned subsidiary, Cannapay Financial, has entered into an agreement to acquire the rights to a package of holistic Ayurveda formulas intended to treat a number of ailments. As quoted in the press release: Cannapay has agreed to purchase all of the intellectual property pertaining to the creation, production …

Glance Technologies (CSE:GET.CN) has announced that its partially-owned subsidiary, Cannapay Financial, has entered into an agreement to acquire the rights to a package of holistic Ayurveda formulas intended to treat a number of ailments.
As quoted in the press release:

Cannapay has agreed to purchase all of the intellectual property pertaining to the creation, production and manufacturing of the products and has purchased rights to blend the products with Cannabis to create new products (the “Cannabis Products”).  The agreement also grants Cannapay international distribution rights to the products and the Cannabis Products in all territories except Canada.

“This acquisition gives Cannapay the know-how to partner with licensed growers, producers and distributors in international jurisdictions to create Ayuverdic based products containing cannabis,” says Glance President Penny Green, “We intend to brand, market, sell and distribute these Ayuverdic Cannabis products internationally, in accordance with all applicable laws, through the mobile apps using the Glance Pay technology that we are creating for the Cannabis market.”

The following products are being acquired by Cannapay from Cannacopia Therapeutics Inc.:

Product Key Ingredients Intended Uses
Gelhemp root and essential oilsremove skin spots, rashes, treat eczema, psoriasis, hives, burns, allergies
BalmOrganic coconut, hemp root and essential oilsRemove skin spots, rashes, treat eczema, psoriasis, hives, burns
Topical AnalgesicAloe Vera, arnica, menthol, and other essential oilsTo relieve pain on or below the skin
2 Tea blendsVarious herbsRelaxation
Sexual LubricantAyuverdic oilEnhanced sexual experience
Organic Hand Cleaner and ScrubEssential oils, free of chemicals and parabensAll natural hand cleanser
Organic Glass CleanerSalt and fat and hemp binderAll natural, eco-friendly food safe cleaner

The products have not been clinically or otherwise tested to confirm any of the intended uses described above.  Cannapay intends to partner with licensed producers in various jurisdictions to complete the research and development needed to blend TCH or CBD or both into each of the products and meet local testing and licensing and other requirements so that the new Cannabis Products can be legally produced and sold in other countries.

Click here to read the full press release.

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