Business
Epazz ZenaPay Moves Forward with Creating a Canadian Subsidiary for the Company’s Canadian 420 Legalization Operations
Epazz ZenaPay Moves Forward with Creating a Canadian Subsidiary for the Company’s Canadian 420 Legalization Operations.
About this update from Epazz, Inc.
[{"type":"text","content":"\nThe company is planning Canadian roadshows in the next few months\n CHICAGO, Nov. 07, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain mobile apps and cloud-based business software solutions, announced today that the company is in the process of creating a Canadian subsidiary for ZenaPay. Last week, ZenaPay launched the Plant Tracker app for the Canadian 420 legalization market. For the company to take full advantage of the Canadian market, ZenaPay is forming a Canadian subsidiary and setting up an office in Canada. The company is working with both its American lawyers and Canadian lawyers to set up Canadian operations over the next few months. The Canadian subsidiary will collect all revenue for the ZenaPay Plant Tracker app. ZenaPay will release a paid version of the app that will automatically submit data to the Canadian Regulatory Body. The Canadian operations will be set up over the next few months as the company completes the necessary paperwork. The company believes creating a Canadian subsidiary will assist its efforts in raising capital in the Canadian marketplace. According to the Mjbizdaily, Canadian companies raised over CA$880 million in under two weeks. The company is planning roadshows in British Columbia, Ontario and Manitoba in the next few months to attract Canadian investors. Epazz CEO, Shaun Passley, Ph.D., said, “We believe setting up Canadian operations will allow the company to grow quicker and establish a new market to sell our other products.” About ZenaPay Plant Grow Tracker: The ZenaPay Plant Tracker app for the Canadian 420 market is available on the Google Play store for immediate download. The ZenaPay Plant Tracker tracks plants from seed to harvest. The first version provides an easy way for growers to monitor the different varieties of plants they harvest. According to the Canadian Health Department, Canadian 420 businesses are required to maintain records on plant inventory: Section 11: Record Keeping The applicant must submit a detailed description of their proposed record-keeping methods. This must include a description of the process that will be used for recording transactions relating to licensed activities, including maintaining appropriate records of transactions and dealings with suppliers and clients ...