Formed in March 2014, The Greater Cannabis Company, Inc. is a holding corporation that operates an online store, GCC Superstore, and invests directly and indirectly in businesses that cater to the cannabis industry. The Company will look to represent a line of premier products through licensing agreements, product development, acquisitions and joint ventures. In March 2017, the Company completed its spin-off of 80.01% of The Greater Cannabis Company, Inc. to its shareholders while retaining a 19.9% ownership stake.
The Greater Cannabis Company, Inc.'s Operations:
Through its wholly owned subsidiary, GCC Superstore, LLC, the Company launched its online store with in excess of 1000 SKUs from 20 different vendors/suppliers and over 50 brands. The online store will continue to add additional products and brands during the next quarter.. The GCC Superstore operates under a “drop-ship” business model thus eliminating the need for excessive inventory and stagnate products.
The Company entered into a U.S. based licensing agreement with Artemis Dispensing Technologies for the development and resell of its automated dispensing product. Under the collaboration and license agreement, Artemis will be responsible for the continued development and completion of the automated dispensing product. Upon launch and sales of the product, Artemis will be responsible for the installation, training and customer support for the hardware and software. The Company will be responsible for direct sales, addition of key distributors and sub-licensing of specific territories within the U.S.
The Company has registered several domain names associated with the medical and recreational marijuana market. A few of the Company's domain names include:
Bud Bank, Inc.
The Greater Cannabis Company, Inc. acquired Bud Bank, Inc. from Sylios Corp in June 2017. The Company is reviewing several business strategies for Bud Bank including, but not limited to: a cannabis seed bank, brick and mortar dispensary opportunities and a portal for facilitating financial transactions for the cannabis industry.