GLANCE TECHNOLOGIE COM NPV(OTCMKTS:GLNNF) is a powerhouse stock cruising higher every day. The stock has seen a spectacular move up in recent weeks from well under $0.15 to recent highs over $0.95 a share. GLNNF has transformed from illiquid to one of the top most traded stocks on the entire exchange regularly trading several million shares a day.
GLNNF has quickly attracted a growing shareholder base who continues to bid GLNNF higher after the Company announced it has agreed to license its mobile payment technology to Active Pay Distribution Inc. for $1,000,000, marking Glance’s entry into the fitness hand wellness market.
GLANCE TECHNOLOGIE COM NPV(OTCMKTS:GLNNF) owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, customer feedback, in-merchant messaging and custom rewards programs.
The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in IOS (Apple) and Android formats, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing. Glance Pay has entered into significant licensing agreements to access the cannabis and fitness and wellness industries through Active Pay and Cannapay.
In May GLNNF announced is has agreed to license its mobile payment technology to Cannapay Financial Inc. for $1,000,000, marking Glance’s entry into the legal marijuana market. On June 22 the Company said it has received the second payment for the $1,000,000 licence agreement with Cannapay Financial Inc.
COO Penny Green said at the time “Cannapay Financial is building a mobile payment solution for the cannabis industry designed to operate legally within multiple jurisdictions. Glance Technologies intends to enable Cannapay to achieve its goal of becoming the leading provider of mobile payment solutions to the cannabis industry worldwide.”
GLANCE has been signing on vendors at a rapid rate; earlier this month it entered into an agreement with the Best Western Plus Sands Hotel in downtown Vancouver, British Columbia to offer Glance Pay anywhere as a payment feature for hotel guests who order room service. They also entered into an agreement to offer its mobile payment app for restaurants and merchants. Glance Pay, at the Ricky’s Group of Family-Style Restaurants with 90 locations across Canada and growing.
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GLNNF has been making some big moves: at the end of Auguust the Company announced it has agreed to license its mobile payment technology to Active Pay Distribution Inc. for $1,000,000, marking Glance’s entry into the fitness hand wellness market.
Pursuant to the deal, Glance Pay will create and provide the technology backbone for the Active Pay app which will serve the growing fitness and wellness community. The app will be named Active Pay and be uniquely branded as Active Pay but will be labeled as “powered by Glance Pay”. Merchants and users who sign up for the Active Pay app will also be included in the Glance Pay app. In addition to the $1 million license fee, Glance will receive a processing fee for transactions and a percentage of revenues generated through the Active Pay app.
On October 3 GLNNF announced Netcoins Inc., who enables approximately 4,000 stores to become bitcoin teller locations through virtual ATM software, has entered into an alliance with Glance Technologies. Netcoins Inc. provides an easy way for people to buy bitcoins whereas Glance will allow users to spend their bitcoins quickly and easily via Glance Pay.
According to blockchain.info the price of bitcoin has increased over 600% during the past year, making the current market capitalization of bitcoin over $72 billion USD. This means there is 6 times as much purchasing power in the bitcoin community versus just 1 year ago, with still limited opportunities to spend bitcoins compared to traditional currencies.
“Cryptocurrencies and blockchain technologies are transforming payments and security. We are committed to being at the forefront of payments, security, and mobile technologies and are excited by the possibilities of combining our anti-fraud technologies with cryptocurrencies,” says Glance CEO Desmond Griffin. “We are also thrilled to add 2 more experts to our advisory board as we continue innovating in these leading edge domains.”
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Currently trading at a $61 million market valuation GLNNF is one exciting story develooping in small caps with a solid balance sheet, growing revenues and little debt and no toxic financing in place. The Company owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users and has been announcing a number of significant deals in recent months including a $1,000,000 licence agreement with Cannapay Financial Inc. in June and a $1,000,000 licence agreement with Active Pay Distribution Inc. in August. GLNNF is fully reporting QB and has a solid team behind it who operate more like a big board than a bb and the stock has quickly attracted a growing shareholder base who continues to bid GLNNF higher. We will be updating on GLNNF when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GLNNF.
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Disclosure: we hold no position in GLNNF either long or short and we have not been compensated for this article.