Glance Technologies Inc. (
CSE: C.GET.CN,
OTCQB: GLNNF,
Forum) said Tuesday that further to its news release dated January 4, 2018, Glance has received an equity stake in Loop Cannabis Insights Inc. (formerly Cannabis Big Data Holdings) of four million common shares, with a deemed value of $1 million.
Loop Cannabis Insights is a new company that intends to offer licensed cannabis producers, retailers and manufacturers insights into customer behaviour and intends to use cutting-edge artificial intelligence and machine learning algorithms to process transactional purchase data.
More information can be found
here.
Investments in equity securities of Glace Technologies represent 5.9% of the total portfolio holdings of Harvest Portfolios Group’s
Blockchain Technologies ETF (
TSX: T.HBLK,
Forum) as of February 7, 2018.
Situated in Oakville, Ontario, Harvest Portfolios Group Inc.’s Blockchain Technologies ETF is the first blockchain focused exchange-traded fund in Canada. It began trading on the Toronto Stock Exchange on February 7, 2018 under the symbol HBLK.
Glance Technologies was in the news recently when the company said it has reached a definitive agreement with Euro Asia Pay Holdings Inc. to license its existing mobile payment system to create an app tailored for residents, students and tourists in North America, Asia and Europe.
Glance Pay is positioned to provide payment services that are similar to the ones in China and Europe using its Glance Pay Anywhere technology, which allows users to initiate and send payments to merchants from any location.
Alipay and WeChat together hold a commanding 90% of the market in China, leaving Apple Pay struggling to make inroads. This creates an opportunity to provide the alternative for visitors and new residents from China in Canada and the U.S.
FULL DISCLOSURE: Glance Technologies Inc. is a paid client of Stockhouse Publishing.