Geopulse Exploration Launches $2,000,000 Offering for Accredited Investors on Fundable.com
December 04 2019 - 8:32AM
InvestorsHub NewsWire
Geopulse Exploration Launches $2,000,000 Offering for Accredited
Investors on Fundable.com
- Expands on success of recent $500,000+ crowdfunding
campaign with over 750 investors
- Financing structured to maximize growth capital
efficiency and minimize shareholder dilution
- Proceeds will accelerate development of company’s
end-to-end digital network for transparency, banking, payments, and
data among members of the cannabis community
- First company to offer FDIC-insured payment services to
cannabis businesses unable to access traditional bank
financing
Los Angeles, CA -- December 4, 2019 -- InvestorsHub NewsWire --
Geopulse Exploration, Inc. (dba Cannco Brands and Development)
(OTCMKTS: GPLS), a blockchain-powered logistics, financial
services and promotion solutions development company for the
under-serviced cannabis sector, today announced its launch of an
offering to accredited investors under Rule 506(c) of Regulation D
for up to $2,000,000.
The campaign will expand on the success experienced in its last
offering, where it raised over $500,000 from over 750 investors at
a unit price of $0.10 per share and a participation token.
Cannco plans a multi-channel marketing effort in partnership
with Digital Niche Agency, who led the prior successful effort and
will use a combination of media, LinkedIn outreach, and content
marketing to prospect, engage and attract U.S. accredited
investors.
“Faced with increasing tax, compliance, banking, and financial
challenges, demand for our services by cannabis sector companies is
stronger than ever,” commented Marcus Laun, Geopulse CEO. “We
expect this financing to unlock shareholder value through its
acceleration of the launch of our unique and pioneering financial
infrastructure services.”
Accredited investors are encouraged to visit
Cannco’s Fundable.com profile page where they can gain
access to the company’s business plan and funding documents.
Further information may be obtained from the
company’s LinkedIn and Twitter pages.
On the product development side, management will be attending MJ
BizCon, December 11-13 in Las Vegas to advance discussions with
potential beta partners for its minimum viable product (MVP)
rollout, the first version of a product or service meant to gather
feedback for further development.
About Geopulse, DBA Cannco Brands
Geopulse Exploration, Inc. (OTC PINK: GPLS) develops a
blockchain-powered logistics, financial services and promotion
platform for the unbanked, early-stage and explosive growth U.S.
and Canadian cannabis sector. Among its assets (or pending
acquisitions) are THCFinder.com, a 300,000-user geo-finder app for
cannabis dispensaries and MMJ medical offices throughout the U.S.,
and CannCoin, a native token underlying a distributed ledger
logistics and financial services ecosystem for cannabis. Cannco
Brands intends to provide commercial services such as transparent
supply chain management, business banking and merchant processing,
trade finance, direct-to-consumer engagement solutions.
Safe Harbor Notice
Certain statements contained herein are "forward-looking
statements" (as defined in the Private Securities Litigation Reform
Act of 1995). Geopulse Exploration, Inc. cautions that statements
made in this news release constitute forward-looking statements and
makes no guarantee of future performance. Forward-looking
statements are based on estimates and opinions of management at the
time statements are made. These statements may address issues that
involve significant risks, uncertainties, estimates, and
assumptions made by management. Actual results could differ
materially from current projections or implied results. Geopulse
Exploration, Inc. undertakes no obligation to revise these
statements following the date of this news release.
Contact:
Marcus Laun
CEO
(323) 300-4550
145 S. Fairfax Av #200
Los Angeles, CA 90036
marcus@canncoin.io
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