Global Payout (OTC: GOHE) together with its wholly owned subsidiary MTrac Tech Corporation this morning announced the formulation of a strategic alliance with a Puerto Rico-based company to offer the signature MTrac solution to the legal cannabis community. Since legalization, medical marijuana in Puerto Rico has become a humming commercial sector; however, limited banking support presents a particular problem. The MTrac system will offer merchants the ability to pay tax bills and track business using blockchain technology. “The company’s move into Puerto Rico, in my opinion, signifies continued and growing acceptance in this industry and evidences the continued expansion of MTrac as a key partner to regulatory agencies looking to bring their legal cannabis industries into compliance,” CEO Vanessa Luna said in the news release. “Over the last several months MTrac has shown, through continued growth in revenue, expansion into new states and territories, and the development of strategic partnerships, that they intend to bring MTrac to every legal cannabis business out there.”
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About Global Payout Inc.
Since the company’s inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions. From 2014 to 2017 Global focused on identifying new state of the art technologies in a variety of industry sectors and successfully helped launch MoneyTrac Technology Inc. and other companies within the FinTech space. In 2018, Global completed a reverse triangular merger with MoneyTrac Technology Inc. resulting in Global retaining the wholly owned subsidiary, MTrac Tech Corporation. Global’s current focus is continuing to identify new business opportunities while it reorganizes its future business endeavors. For more information, visit the company’s website at www.GlobalPayout.com.
NOTE TO INVESTORS: The latest news and updates relating to GOHE are available in the company’s newsroom at http://nnw.fm/GOHE
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