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Global Payout, Inc. (OTCMKTS:GOHE) Subsidiary Finalizes Deal With GreenRush Group, Inc.

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Global Payout, Inc. (OTCMKTS:GOHE) reported that its majority owned subsidiary firm, MoneyTrac Technology, Inc. has finalized a definitive Referral Partnership Deal with GreenRush Group, Inc. This deal will offer MTRAC with a direct means of revenue from the referral of cannabis-associated businesses who finalize a deal with greenRush for the application of their e-commerce payment platform, as well as Green Label Platform.

The details

The deal further solidifies the underway association between greenRush and MTRAC that was established in May 2017. As MTRAC continues advancing new associations with businesses throughout the cannabis market who are eager to be launched to different e-commerce platforms, like as that provided by greenRush, it is streamlining e-commerce capabilities and maximizing consumer exposure. The terms of the deal also offer MTRAC with a prospect to earn recording revenue commissions from e-commerce deal activity performed on the greenRush platform comprising operations referred to greenRush by MTRAC.

Vanessa Luna, the COO of MTRAC, expressed that the greenRush e-commerce platform is ahead of anything else in their market and is one of the most treasured resources offered to dispensaries and other brands and firms who look for an effective platform to market and offer their products for B2B as well as B2C purposes.

This deal will offer Global Payout a prospect to contribute to the development of greenRush through their referrals and will even play an important role in the success and growth of their future and existing partners and clients as they work with them to use the resources accessible through the greenRush platform. MTRAC also considers that this deal should record revenue earnings for the firm as early as Q1 2018 from numerous already executed referral deals.

In the last trading session, the stock price of Global Payout declined more than 13% to close the day at $0.074. The decline came at a share volume of 21.84 million compared to average share volume of 8.11 million.

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