August 31, 2017 – Vancouver, B.C. – Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (CSE:GET.WT) (FKT:GJT) announces a strategy to develop and acquire cannabis brands through its partially-owned subsidiary, Cannapay Financial, for international distribution through its mobile payment apps.

"Part of our strategy has been to look for successful cannabis business participants to license our technology in other countries", says Glance President Penny Green, "we believe that there is also an opportunity to use our apps to promote awareness of emerging brands containing CBD or THC in jurisdictions where cannabis is or is becoming medically or recreationally legal."

Cannapay is currently negotiating potential license agreements for the rights to operate its mobile payments apps in the US and in Australia and it is looking for partners in Jamaica and Germany.  

Both the cannabis and the mobile payments industries are growing at a fast rate.  Cannapay is currently building 2 mobile payment apps based on the Glance Pay technology. Currently, the Glance Pay app features a restaurant discovery section where app users can look at photos, information, and search using key words and a map.  The Cannapay app will use this discovery feature to provide photos and information on cannabis related products and services.  Cannapay plans to use the innovative marketing features within the app to market cannabis and cannabis related products to create brand awareness in international distribution channels and to allow for sale and delivery of those products in jurisdictions where it has become or becomes legal to do so.  

Cannapay is currently negotiating to acquire international rights to a line of health and wellness products that can be marketed and sold through the app in jurisdictions where it will be legal to do so.

On May 30, 2017, Glance announced it was licensing its mobile payment technology to Cannapay for use in the cannabis industry for an initial license fee of $1,000,000, payable in stock.  As of August 31, 2017 Glance owns 8,000,000 shares out of 18,463,320 Cannapay shares outstanding, giving it approximately 43% ownership of the outstanding shares.  

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 two apps in development leveraging the Glance Pay mobile payment system. One is Cannapay which is a mobile to mobile payment system for the cannabis industry.  The other is SuperDope delivery, for mobile ordering and delivery of cannabis.  Both apps are available for international licensing.

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 food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, 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, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technologies’ website

For more information, contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480

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.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Specifically, the statements referring to Glance’s planned expansion in the United States and Canada, and the statement that Glance will expand its reach in the United States are forward-looking statements, and there can be no certainty that these statements will prove to be correct.

Although Glance believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements.


Live Chart 


Write a comment

Likes | 3
Dislikes | 0
Name: Glance Technologies Inc.
Canada Symbol: GET
Germany Symbol / WKN: GJT / A2ARHD
Shares Issued & Outstanding: 79,845,291
Phone: +1 855 288 6044

Anmeldung zum Newsletter:

Newsletter deutsch:
Newsletter englisch:
Sie erhalten nach der Anmeldung eine E-Mail mit einem Bestätigungslink. Erst nach Erfolgreicher Bestätigung sind Sie für den Newsletter angemeldet.


english/german - german/english