CHICAGO, IL, May 09, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- CannaTrac®, the leading cashless payment system solution for the cannabis industry, today announced the appointment of Thomas J. Allison III as an Independent Director and Advisor to the company.
Allison holds an impressive resume with proven results in guiding companies to reach full financial potential. He played a notable role in a number of the world’s largest and most complex company turnarounds as a corporate officer or key advisor. Allison’s results have earned him a reputation as an innovator in successfully driving companies through restructuring and maximizing sale price to Private Equity companies.
“As CannaTrac continues to expand and plan for a capital raise in the future, Thomas Allison will be an excellent guide to lead us to our goal of becoming the leading cashless payment solution for the constantly evolving cannabis industry,” said CannaTrac® CEO Tom Gavin IV. “Allison holds a talent for ascending organizations to success and I look forward to what we will achieve together.”
Allison has successfully launched three consulting companies during his career and was one of the founders of Huron Consulting, which is now a publicly traded multinational corporation.
CannaTrac® developed the CannaCard®, a free mobile app serving as the cannabis industry’s cashless payment solution by allowing users to easily upload funds through the app with their checking account, debit card and/or cash in person at partnered dispensaries or retail locations. CannaCard® also offers users a physical reloadable card option.
“CannaTrac® holds immense potential with an approach to cashless payment that is currently missing in the cannabis industry,” said CannaTrac® Independent Director and Advisor, Thomas J. Allison III. “I am confident that this partnership will steer the company even further toward being the cannabis industry’s go-to payment solution.”
The CannaCard® app can be downloaded for free from Google Play and Apple Store. To learn more about CannaTrac®, how to integrate with the Company’s cashless payment software or register as a merchant, please visit https://cannatrac.com/.
ABOUT CANNATRAC®
CannaTrac® is dedicated to bringing safety to the cannabis industry by serving as the industry’s leading cashless mobile payment system solution. CannaTrac® created the CannaCard® and the CannaCard App™ to provide consumers and retailers with a convenient way to benefit from increased safety and convenience through cashless purchases within the legal cannabis industry. CannaTrac® also offers a mobile POS system for mobile deliveries. To learn more about CannaTrac®, how to integrate with the Company’s cashless payment software or register as a merchant, please visit https://cannatrac.com/.