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

 

PALOS HEIGHTS, IL, May 19, 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/.



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