Global Payout, Inc. (OTC: GOHE), together with wholly owned subsidiary MTrac Tech Corp., this morning announced the launch of the MTrac payments platform in Colorado, which represents the third active state in the company’s ongoing pursuit of nationwide expansion. MTrac’s first Colorado client operates two dispensaries in Denver and Boulder and is well-established, holding full vertical state licenses that comprise cultivation, manufacture and retail. As with most cannabis industry businesses, the company faced challenges with cash heavy operations and was in need of a secure, compliant and customer-friendly cashless solution to streamline its business processes.
“The launch in Colorado offers shareholders a firm example of MTrac following up on its promise to expand,” Global Payout COO David Flores stated in the news release. “We are now live in 3 states and we expect that number to grow as we continue to streamline our onboarding processes. Colorado was the first to offer recreational cannabis, and many companies have attempted to solve the cash problem for those businesses. To date, many have tried but none have fully succeeded, and I believe MTrac to be the solution that this market has been waiting for.”
To view the full press release, visit http://cnw.fm/42WOq
About Global Payout, Inc.
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. 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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