Global Cannabis Applications Corp. ("GCAC" or the "Company") (CNSX:APP.CN) (FSE:2FA) (OTC:FUAPF), a leading medical cannabis chain-of-custody compliance and data platform, announced that it used a percentage of the Company's quarterly revenues to buyback the GCAC token on Uniswap [1] as part of its marketing campaign aimed at the one million decentralized finance user community [2].

"First and foremost, We - Are - Blockchain. I'm delighted to continue to promote our company amongst the DeFi community. We now have 342 holders of the GCAC token who are a critical part of our strategy to fund Canadian cannabis grows- who will license Efixii. Every day we see this excitement grow on a vibrant Telegram @GCACToken channel. Working collaboratively with these folks was made clear in our recent NFT press release [3] and as such we will continue to buyback tokens which increases our balance sheet exposure to the Ether cryptocurrency" stated Brad Moore, CEO.

Company believes that the DeFi community is a key market demographic, as they are consumers that have disposable income, are under 34 years old and increasingly drawn to the use of cannabis products [4]. This multi-year marketing campaign aims to raise awareness of GCAC by engaging in a DeFi token buyback program on the Ethereum and Binance Smart Chain [5] blockchains.

Company is publicly traded with audited financials and makes accurate revenue disclosures. GCAC's has committed to a token buyback-spend of at least 1% of its quarterly revenues. Each token-buy should lead to greater awareness of the Company. This quarters buyback was US$2,000.

Prior to the buyback, GCAC tokens were trading at $5.12 on Uniswap and $4.51 on Pancakeswap. On April 8, 2021, the Company acquired 100,000 tokens for $0.20 each and this buyback adds approximately 350, Ether cryptocurrency denominated, tokens to the Company's balance sheet. On April 8, 2021, Ether cryptocurrency was trading at US$2,081 and today is trading at US$3,500.