Business
A New Era: Global Payout, Inc., Begins Generating Revenue in Q2 in Booming CBD Market
A New Era: Global Payout, Inc., Begins Generating Revenue in Q2 in Booming CBD Market.
About this update from Psyc Corporation
[{"type":"text","content":"\nSAN DIEGO, May 20, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTC: GOHE) (\"Global\" or the \"Company\") is pleased to announce that the Company has recently developed a new, second revenue source derived from the multi-billion-dollar CBD industry. This stems from a recently executed Independent Sales Organization (\"ISO\") agreement Global entered into with its existing technology partner, GreenBox POS (OTC: GRBX) (\"GRBX\"). This new agreement will result in Global receiving this revenue directly in addition to the revenue already being received from the Company's wholly-owned subsidiary, MTrac Tech Corporation (\"Mtrac\"). While there can be no assurances of the amount of revenue or profitability, Global has successfully on-boarded a number of new clients resulting in revenue now being derived from the parent company.\n With projections of its potential to evolve into a 22-billion-dollar industry by 2022, the CBD marketplace has quickly emerged into one of the fastest growing segments in this expanding high-risk market. (Rolling Stone). “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,” said Global Payout COO David Flores. “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.” “Global Payout will diversify. We will be implementing the utilization of the technology we have available to us in several business endeavors through a diverse sector of businesses and trades including healthcare, legal, wellness, retail and much more. As we evolve, we will identify potential market sectors and continue to build up our portfolio of clients. It is my strong opinion that the future is Blockchain in this FinTech space, it is the creation of new ways to undertake businesses’ financia...