Cannapay Financial secures private financing

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By Ted Liu

Cannapay Financial Inc., a financial payment company for the marijuana industry, has raised $153,000, at a price of $0.10 per common share, from 1 Ontario, 7 BC and 1 Saskatchewan investors. The company also issued 1,800,000 common shares at deemed price of $180,000 for asset acquisition – the rights to a package of holistic Ayurveda formulas that are intended to treat a variety of ailments.

Bacchus Law Corporation acted as legal counsel.

On May 30, 2017, Glance Technologies Inc. (CSE: GET; OTCQB: GLNNF) announced te licensing of its mobile payment technology to Cannapay for $1,000,000.

Penny Green, COO of Glance Technologies, serves on the three-member board of Cannapay which also includes Krystal Pineo and Hugo Kotar.

photo credit: Cannapay