Press

CannaTrac® Announces Thomas J. Allison III as an Independent Director and Advisor

PALOS HEIGHTS, IL, May XX, 2019 – CannaTrac®, the leading cashless payment system solution for the cannabis industry, today announced the appointment of Thomas J. Allison III as an Independent Director and Advisor to the company.

Allison holds an impressive resume with proven results in guiding companies to reach full financial potential. He played a notable role in a number of the world’s largest and most complex company turnarounds as a corporate officer or key advisor. Allison’s results have earned him a reputation as an innovator in successfully driving companies through restructuring and
maximizing sale price to Private Equity companies.

“As CannaTrac continues to expand and plan for a capital raise in the future, Thomas Allison will be an excellent guide to lead us to our goal of becoming the leading cashless payment solution for the constantly evolving cannabis industry,” said CannaTrac® CEO Tom Gavin IV. “Allison holds a talent for ascending organizations to success and I look forward to what we will achieve together.”

Allison is a founder and former Chairman of the Association for Certified Turnaround Professionals. Additionally, he previously served as Chairman of the Turnaround Management Association (TMA) and has received several TMA “Turnaround(or Transaction) of the Year” awards.

CannaTrac® developed the CannaCard®, a free mobile app serving as the cannabis industry’s cashless payment solution by allowing users to easily upload funds through the app with their checking account, debit card and/or cash in person at partnered dispensaries or retail locations. CannaCard® also offers users a physical reloadable card option.

“CannaTrac® holds immense potential with an approach to cashless payment that is currently missing in the cannabis industry,” said Edwin Sochacki, Director of Technical Software and Development for CannaTrac®. “I am confident that this partnership will steer the company even further toward being the cannabis industry’s go-to payment solution.”

The CannaCard® app can be downloaded for free from Google Play and Apple Store. To learn more about CannaTrac®, how to integrate with the Company’s cashless payment software or register as a merchant, please visit https://cannatrac.com/.

ABOUT CANNATRAC®
CannaTrac® is dedicated to bringing safety to the cannabis industry by serving as the industry’s leading cashless mobile payment system solution. CannaTrac® created the CannaCard®
mobile app to provide consumers and retailers with a convenient way to benefit from increased safety and convenience through cashless purchases within the legal cannabis industry.
CannaTrac® also offers a mobile POS system for mobile deliveries. To learn more about CannaTrac®, how to integrate with the Company’s cashless payment software or register as
a merchant, please visit https://cannatrac.com/.


 

CannaTrac® and NEXGO Debut Integration in Handheld Point-of-Sale at TRANSACT

CHICAGO, IL, - via NEWMEDIAWIRE) - April 30, 2019 - CannaTrac® (“the Company”), the leading cashless payment solution for the cannabis industry, and NEXGO announced the integration of the CannaCard® platform with the NEXGO N5 Mobile Point-of-Sale (POS) terminal. This handheld, called the All-in-One (AIO) POS system, will make its debut at the TRANSACT Conference in Las Vegas from April 30 to May 2, 2019.

With the AIO POS system, retailers can now use the CannaCard® cashless payment platform for mobile deliveries to provide consumers with added convenience. Additionally, retailers can now adopt CannaCard® more easily by using the Company’s AIO POS system pre-installed with the CannaCard® payment software.

“We are excited to announce this next step for CannaTrac®. The addition of a mobile POS system creates a new market for the CannaCard® payment system by allowing us to expand our cashless payment solution into mobile deliveries,” said Tom Gavin IV, Vice Chairman and CEO of CannaTrac®. “The All-in-One POS system will make it easier for retailers to join the CannaCard® platform, bringing safety and convenience to the cannabis industry.”

CannaTrac® developed the CannaCard® and CannaCardApp™ to serve as the cannabis industry’s leading cashless payment solution. By using the CannaCard® platform, retailers can remove cash from their businesses and increase safety throughout the cannabis industry.

The platform provides consumers with convenience by allowing users to easily upload funds through the app or reloadable physical card with their checking account, debit card, and/or cash in person at partnered dispensaries or retail locations.

The four-day TRANSACT Conference will take place at the Mandalay Bay Hotel and is expecting more than 4,000 attendees. CannaTrac® will be exhibiting the AIO POS system alongside NEXGO at booth #3318.

“We are excited to announce our relationship with CannaTrac®,” said Rob Wiltse, Vice President of Programs at NEXGO USA.  “With the integrated CannaCard® All-in-One POS platform, NEXGO is able to provide this much needed solution to its partners in the payments industry.”

CannaTrac® and NEXGO worked together diligently to integrate the Company’s cannabis application suite into the NEXGO N5 Android-based Mobile POS terminal platform. With the addition of the CannaCard® cannabis solution suite, NEXGO is able to offer this powerful mobile payment and delivery tracking solution to the high growth cannabis sector.

The CannaCard® app can be downloaded for free from Google Play and Apple Store. To learn more about CannaTrac®, how to integrate with the Company’s cashless payment software or register as a merchant, please visit https://www.cannatrac.com/.

ABOUT CANNATRAC®

CannaTrac® offers a cashless payment solution for the cannabis industry. With the CannaCard® or our CannaCardApp™, both consumers and retailers benefit from the ease and safety of cashless payments.

About NEXGO Inc.

NEXGO Inc. offers a one-stop payment terminal solutions with hardware and wireless communication services that enable businesses worldwide to perform payment transactions confidently, securely, and efficiently. NEXGO has operations worldwide and is a leading manufacturer of mobile payment devices. For more information, please visit: www.nexgo.us.

 


 

CannaTrac® Appoints Edwin Sochacki as Director of Technical Software and Development

CHICAGO, IL, April 16, 2019 – CannaTrac®, the leading cashless payment solution for the cannabis industry, today announced the appointment of Edwin Sochacki as Director of Technical Software and Development.


Sochacki specializes in marketing and technology development. Throughout his career, he has accumulated a diversified business background including extensive experience within the private sector, but also working hand-in-hand with larger public clients.


“Edwin Sochacki holds a track record for aiding companies to success through his marketing and technical experience. As CannaTrac® continues to expand, our intention is to not only supply a superior experience to the consumer but to far surpass the quality of software currently available within the cannabis industry,” said CannaTrac® CEO Tom Gavin IV. “With the rest of the team’s extensive business and regulatory knowledge and Sochacki’s background in marketing and technology development, we look forward to what we will accomplish together.”


CannaTrac® developed the CannaCard®, a mobile app serving as the cannabis industry’s leading cashless payment solution. The platform allows users to easily upload funds through the app with their checking account, debit card, and/or cash in person at partnered dispensaries and retail locations. CannaCard® also offers users a physical reloadable card option.


“CannaTrac® is setting a much-needed example for safety and advanced technology within the cannabis industry. I am proud to be a part of that,” said Edwin Sochacki, Director of Technical Software and Development for CannaTrac®. “Joining the CannaTrac® team is an honor and a great opportunity for me to apply my talent to a company committed to making a difference.”


The CannaCard® app can be downloaded for free from Google Play and Apple Store. To learn more about CannaTrac®, please visit https://www.cannatrac.com/.

ABOUT CANNATRAC®
CannaTrac® offers a cashless payment solution for the cannabis industry. With the CannaCard® or our CannaCard App™, both consumers and retailers benefit from the ease and safety of cashless payments.

 


 

 

CannaTrac® Announces Global API for CannaCard® Integration

CHICAGO, IL, Feb. 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CannaTrac® (“CannaTrac”), the leading cashless mobile payment system solution for the cannabis industry, today announced that the company has released their global application programming interface (“API”) for platforms to easily integrate with CannaCard®.

By providing a global API, CannaTrac® greatly simplifies the integration process for programmers. This ease of integration makes adopting the CannaCard® significantly more appealing to a large range of retailers and Point-of-Sale (“POS”) companies looking for a cashless payment solution. Additionally, CannaCard’s integration capabilities include POS systems embedded into seed-to-sale cannabis software programs.

“When developing CannaCard®, we knew the importance of developing the software with a global API to make it as easy as possible for retailers and POS companies to adopt our cashless payment solution,” said Tom Gavin, CEO of CannaTrac®. “Our global API just puts us one step closer to serving as the cannabis industry’s go-to cashless payment solution.” 

CannaTrac’s global API allows programmers to save an immense amount of time and therefore is more cost-effective for companies looking to add CannaCard® as a payment option. CannaTrac® provides all steps for integration besides the direct tie of CannaCard® into the individual retailer’s platform.

The CannaCard® presents users with preference options of both a physical card and a free mobile app that allow users to easily upload funds through the app with their checking account, debit card, credit card, and/or cash in person at partnered dispensaries or retail locations. 

After announcing last month, CannaTrac® had entered into an agreement with 18,000 retail locations predominantly made up of non-cannabis retail locations, the company gained the opportunity to serve consumers as the one-stop card necessary for all transactions.

The CannaCard® app can be downloaded for free from Google Play and Apple Store. Consumers can reload their CannaCard® at participating dispensaries and retail stores, or directly through their online/mobile account. The flat fee to load their account is $0.95. 

 

ABOUT CANNATRAC®

CannaTrac® offers a cashless payment solution for the cannabis industry. With the CannaCard® or our CannaCard App™, both consumers and retailers benefit from the ease and safety of cashless payments.

 


 

CannaTrac Announces Contract for CannaCard Loading Stations in 18,000 New Retail Locations

CHICAGO, IL, February 13, 2019 – CannaTrac® (“CannaTrac”), the leading cashless payment solution for the cannabis industry, announced today that the company has signed a contract with a major organization of retailers to place CannaCard® in 18,000 retail locations across the United States.

With 18,000 new retail loading stations and more to come as the chain continues to grow, CannaCard® users now have a greatly expanded list of options for reloading and using their cards as a payment option. The retailers include convenient stores, dispensaries, CBD stores, smoke shops, and vape shops.

“This contract for 18,000 new retail stores serves as a huge milestone for CannaTrac. This is just the beginning of our national expansion as we strive to become America’s leading cashless payment solution in the (cannabis) industry,” said CannaTrac® CEO Thomas Gavin IV.

The CannaCard® presents users with options of both a physical card and a free mobile app that allows users to easily upload funds through the app with their checking account, debit card, and/or cash in person at partnered dispensaries or retail locations. Entering non-cannabis retail locations would present CannaCard® the opportunity to serve consumers as the one-stop card necessary for all transactions, both cannabis and non-cannabis.

In the near future, CannaTrac plans to expand the app’s amenities to provide consumers with loyalty rewards.

Currently, CannaCard® is the only mobile payment system fully integrated into the Adilas point-of-sale (POS) platform. As of mid-December 2018, this equated to more than 900 cannabis-related businesses that currently use Adilas having the ability to utilize the CannaCard®.

The CannaCard App™ can be downloaded for free from Google Play and Apple Store. Consumers can reload their CannaCard® at participating dispensaries and retail stores, or directly through their online/mobile account. The flat fee to load their account is $0.95.


ABOUT CANNATRAC®
CannaTrac® offers a cashless payment solution for the cannabis industry. With the CannaCard® or our CannaCard App™, both consumers and retailers benefit from the ease and safety of cashless payments.

 


 

CannaTrac® Announces the Addition of Ann Collins to its Board of Directors

CHICAGO, IL, January 31, 2019 – CannaTrac®, the leading cashless payment solution for the cannabis industry, announced that investment expert Ann Collins has joined the company’s Board of Directors. 


Collins has built up an expert reputation over three decades of working within investment and business roles. Having held pivotal roles throughout major investment markets spanning across the U.S., Canada and multiple parts of Europe, Collins has acquired a robust pipeline of experience. 


“Ann Collins brings extensive investment and business experience to CannaTrac. She will be a key person as we expand our footprint and continue to grow as the cannabis industry’s go-to cashless payment solution,” said CannaTrac® CEO Thomas Gavin. “As we look to extend our reach into additional cannabis markets such as Canada and Europe, Collins will serve as an expert on how to capitalize within each market.” 
 
Additionally, Collins currently owns and operates her own successful business while continuing her personal investment career through specialization in small and medium sized business that hold great potential. Prior to joining CannaTrac’s Board of Directors, she essentially served as the company’s Ambassador throughout Europe, where she is based.
 
Italy, Netherlands and Germany, Europe’s three largest medical cannabis markets, present a large market opportunity as they are expected to 18 billion euros combined within the next decade. 
 
“I firmly believe that CannaTrac fills a large need within the cannabis industry that others have not been able to successfully solve,” stated Ann Collins, Director for CannaTrac®. “This advantage sets CannaTrac® apart from their competitors in the industry and gives it enormous potential.” 
 
The company recently announced that its CannaCard App™ is now fully integrated into the Adilas POS system, making it instantly accessible to over 900 cannabis-related businesses.


ABOUT CANNATRAC®

 
CannaTrac® is a cashless payment solution for the cannabis industry. With the reloadable payment card on our CannaCard® our CannaCard App™, consumers and retailers benefit from the ease and safety of cashless payments.

 

 


 

CannaTrac® Releases Cashless Cannabis Payment App on Google Play and Apple Store


CHICAGO, IL, January 9, 2018 – CannaTrac® (“CannaTrac”), the leading cashless payment system solution for the cannabis industry, today announced release of the CannaCard App™ -
the company’s mobile application and cashless payment system.


CannaCard® is the Starbucks app of the cannabis world. It allows users to easily upload funds through the app with their checking account, debit card, and/or cash in person at
partnered dispensaries or retailer loading stations. The app also allows the consumer to “Shop” dispensary specific menus and conveniently “Pay” from their mobile phone. In the near future, consumers will be able “Earn Rewards” for loyalty to specific dispensaries as well.


“We are excited to announce the official release of the CannaCard App™,” said CannaTrac® CEO Thomas Gavin IV. “We aim to serve the cannabis industry as the go-to cashless payment
solution as we promote safety by removing cash from the equation and provide consumers with an easy way to support their favorite retailers.”


CannaCard® is currently active in Colorado, one of the world’s first legal cannabis markets, at Kush Gardens located at 4550 Highway 6 & 24 in De Beque, CO. CannaTrac® is currently in negotiations with several other companies to integrate the CannaCard® into their systems and will soon expand throughout the United States as the nation’s cannabis market is expected to reach 24.1 billion by 2025. This expansion will include California, the nation’s most profitable cannabis market.


Currently, CannaCard® is the only mobile payment system fully integrated into the Adilas point-of-sale (POS) platform. As of mid-December 2018, this equated to more than 900 cannabis-
related businesses currently using Adilas.


Full Integration into the Adilas system entails that any of these 900 cannabis-related businesses can fast-track becoming a participating member of the CannaCard® platform by simply
requesting Adilas to turn on the CannaCard® payment option.


The CannaCard® can be downloaded for free from Google Play and the Apple Store. Consumers can reload their CannaCards at participating dispensaries, or directly through their online/mobile account. The flat fee to load their account is only $0.95.

Shop, Pay, and Earn Rewards with CannaCard® and the CannaCard App™.


ABOUT CANNATRAC®


CannaTrac® offers a cashless payment solution for the cannabis industry. With the CannaCard® or our CannaCard App™, both consumers and retailers benefit from the ease and
safety of cashless payments.

 


 

 



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