Global Cannabis Applications Corp. announced it has signed a software license agreement worth USD 1,500,000 with EMTRI Corp. (EMTRI).

The definitive agreement is a binding commitment for EMTRI to distribute GCAC's Efixii software to Californian cultivators to track lifecycle data for a minimum of 10 million grams of cannabis in year 1. With a license fee of USD 0.15 per tracked gram, this represents USD 1.5 million in GCAC revenues for March 2022. EMTRI provides branding and retail marketing services to cannabis cultivators, and its network of distributors, in the epicentre of cannabis farming in California's Mendocino, Humboldt, and Trinity counties (aka the Emerald Triangle). More than 20,000 cultivators produce over 750 million grams of cannabis each year in the Emerald Triangle.

EMTRI also operates a blockchain token technology that issues Emtri Tokens (EMTs) to cultivators that supply Efixii data. Such cultivation transparency provides a competitive advantage over `regular' cannabis for sale at California's regulated cannabis distribution centers. EMTRI's Efixii-tracked cannabis, therefore, sells faster and at a premium.

The cultivator and EMTRI capture this dollar premium. EMTRI uses some of its premium to buy back tokens from cultivators and decentralized finance (DeFi) traders, maintaining a liquid DeFi market for EMTs.