Business
MTrac Goes Live in Colorado, Continues to Expand Nationwide, Strong Revenue Projected
MTrac Goes Live in Colorado, Continues to Expand Nationwide, Strong Revenue Projected.
About this update from Psyc Corporation
[{"type":"text","content":"\nSAN DIEGO, Nov. 12, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Global Payout Inc. (OTCPink:GOHE) (“Global”) and its wholly owned subsidiary MTrac Tech Corp. (“MTrac” or the “Company”) are pleased to announce that their payments platform has gone live in Colorado, which represents its third active state in pursuit of its nationwide expansion plans, and boarded its newest San Diego client, which is one of the largest dispensaries in the county and represents MTrac’s fourth client in its home town.  \n MTrac’s first Colorado client is a company with two dispensaries, one in Denver and one in Boulder.  The company is well-established and holds state licenses that comprise the full vertical from cultivation and manufacturing to retail.  As with most cannabis businesses, cash heavy operations pose many challenges, and this Colorado company was in need of a secure, compliant, and customer-friendly cashless solution to streamline its business expenditures processes. “The launch in Colorado offers shareholders a firm example of MTrac following up on its promise to expand.” Said Global Payout COO, David Flores. “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.” MTrac also went live this week with its newest San Diego client, which is one of the largest dispensaries in the county, where (7) processing terminals were deployed, and MTrac experienced its largest revenue numbers since its relaunch at the beginning of October. The MTrac team anticipates having another two San Diego locations live before month’s end. Because of its San Diego origin and executive headquarters, the MTrac team is committed to making San Diego the safest, most compliant, cannabis community in the nation. MTrac’s executive team recently sat down with the San Diego Mayor’s office to introduce the platform and the many government oversight benefits of ledger technology to facilitate regulatory compliance. MTrac aims to make S...