Multichain Ventures Partners with Global Cannabis Assets and Optasia Growth Partners

PRESS RELEASE

Friday, January 31, 2020

Multichain Ventures and Global Cannabis Assets (GCA) and Optasia Growth Partners signed a partnership agreement to further deepen a strategic relationship to build out and distribute compliance software for the cannabis industry using blockchain technology. The three companies are pursuing numerous opportunities, including providing blockchain based payment solutions to the cannabis industry through the Tokes Platform, blockchain integration for additional visibility in the cannabis supply chain through EDEN, and a merchant gateway through Cubed and DevOps infrastructure via ReliCloud.

The partnership will consist of a trial program in which GCA and Optasia will market the digital currency payment processing software produced by Multichain Ventures, Inc. and provided through the Tokes platform,a subsidiary of Multichain Ventures. During the trial, GCA and Optasia will have their subscription, transaction, and trade processing fees waived and enable for the two firms to distribute the software to their network of partners globally, with a focus on North America and Europe. As a result, Multichain will benefit by receiving a wider distribution for their software alongside immediate user feedback and research and development to quickly iterate the platform while at market, making more rapid improvements.

“Multichain Ventures is the most advanced software that integrates blockchain infrastructure we have seen in the cannabis industry”, said Michael Gord, one of the founders of Global Cannabis Assets. “We are excited to be an official partner of Multichain Ventures and to collaborate with their team and our friends at Optasia to provide additional value to the existing platform.”

As part of the partnership with Multichain Ventures, the partners in the combined ecosystem of Global Cannabis Assets and Optasia will also receive exclusive benefits for using and holding the native TOKES token, which powers the Multichain Ventures ecosystem.

“This partnership opens up tremendous growth opportunities for the family of products that exist within the Multichain Ventures portfolio. The teams at Global Cannabis Assets and Optasia Growth Partners offer unrivaled access to cannabis and merchant networks that will prove invaluable to the expansion of our business.” said Michael Wagner, cofounder and CEO of Multichain Ventures. “I’m thrilled to be partnering with both firms, and consider them enormous assets in our pursuit towards broader business development and sales. ”