Controlling Interest in Signapore Fintech "Payright" The terms of this deal are very bullish! Only 1.5mm shares issued for controlling interest in Payright. What else is bullish are the terms of lockup for those shares. Management took shares that aren't free trading, they can't sell anytime soon. Only 50% unlock in 4 months, the rest unlock slowing over the next 12 months - a strong signal IMO that Payright shareholders value this deal and see a strong trajectory for growth and revenue.
The connections are growing fast:
"Payright is partnered with Right Choice Payments Pte Ltd., (www.rightchoicepayments.com), a Major Payments Institution (MPI) license holder in Singapore. These partnerships will enable Payright to offer services and solutions for payment processing and card issuing able to accommodate and fulfill the needs of merchants, financial institutions, and other industry B2B or Fintech partners in its market."
https://stockhouse.com/news/press-releases/2021/04/08/cannaone-completes-acquisition-of-a-controlling-interest-in-payright-adding
An Executive that not only specializes in Sales and Marketing at his core, he also has a strong background in Operations and Program Management with rare experience specifically in card issuance transaction processing through Visa, MasterCard, American Express, Union Pay and fast payment banking networks.
https://stockhouse.com/news/press-releases/2021/03/18/cannaone-hires-payments-expert-to-head-global-card-business