GLANCE TECHNOLOGIE COM NPV(OTCMKTS:GLNNF) has made a spectacular move up in recent weeks from well under $0.15 to recent highs of $0.348 a share. The stock 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.
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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On August 28 GLNNF 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.
International fitness star, author and Active Pay CEO Isadora Melo says, “There is a new way of doing business in the fitness industry which revolves around finish, mobile and social media. We are going to gather the best in the fitness industry in one place – Active Pay, and create a reliable destination to choose and purchase fitness and wellness products and services.”
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Currently trading at a $17 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. GLANCE 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.