Shares of Global Cannabis Applications Corp (OTCMKTS:FUAPF) have been trend higher over the past week with a jump of 20%.
Market Reaction
On Friday, FUAPF stock moved up by 9.41% to $0.0430 with more than 20.70k shares, compared to its average volume of 55K shares. The stock has moved within a range of $0.0340 – 0.0430 after opening trade at $0.0347.
Global Cannabis Applications Corp. Patent is Now Global
Global Cannabis Applications Corp (OTCMKTS:FUAPF), a leading medical cannabis chain-of-custody compliance and data platform, has announced on December 10, 2021, about obtaining an official Acknowledgement Receipt from the United States Patent and Trademark Office (USPTO) in filing US Utility Patent Applications.
Global Cannabis Applications Corp, has filed the “System of Processing and Tracking Cannabis Products and Associated Method Using Block Chain,” Serial Number 63/126,555. Though the original application was filed on December 17, 2020, the pandemic caused significant delays, so the patent was officially published on December 2, 2021. A second application filed November 24, 2021, for “Tracking System for Cultivated Products and Associated Methods,” Serial Number 17/457,385 was acknowledged simultaneously.
The patented systems are central to the company’s Efixii software that connects superior data analytics, AI, and deep learning algorithms to an Ethereum-powered blockchain. The SeedtoSeed feedback loop flawlessly connects consumer and cultivator both ways. To put it in a nutshell, everyone in the cannabis ecosystem is benefitted thanks to the enriched transparent data analysis. When an Efixii QR code is scanned, it yields complete product lifecycle details, including reviews. Presently, the “’one gram grown, one gram consumed” model is the sole market offering that accurately measures efficacy. It provides the most advanced product intelligence available.
Traders Review
FUAPF stock is trading below the 200-Day and 50-Day Moving averages of $0.0957 and $0.0453 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0401.
