Global Payout Inc. (OTC: GOHE) today announced its development of a new, second revenue source derived from the multi-billion-dollar CBD industry. The new source stems from a recently executed Independent Sales Organization (“ISO”) agreement entered by the company and its technology partner, GreenBox POS (OTC: GRBX). According to the update, Global Payout will receive revenue directly under the new agreement in addition to revenue it already receives from its wholly owned subsidiary, MTrac Tech Corporation. “We have had our eye on this market for some time and are elated to have this opportunity to establish an entirely new revenue source for Global Payout,” Global Payout COO David Flores stated in the news release. “As encouraged as we are with the continued growth of MTrac from a revenue perspective, we recognize the importance in strategically developing revenue streams exclusive to Global for its long-term success and profitability. Expanding into CBD is, in my opinion, a very strategic and logical move on our part to begin capturing a portion of what is becoming a highly lucrative industry. From medical relief benefits, health and beauty products to pet supplements, CBD and the vast array of commodities it is now available in make this market an ideal fit.”
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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
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