GLANCE TECHNOLOGIES CLOSES SECOND TRANCHE OF $1,000,000 LICENCE FEE FOR CANNABIS MOBILE PAYMENT APPLICATION

Thursday, June 22, 2017

June 22, 2017 – Vancouver, B.C. – Glance Technologies Inc. (CSE:GET.CN), (OTCQB:GLNNF) (CSE:GET.WT), (FKT:GJT) is pleased to announce that it has received the second payment for the $1,000,000 licence agreement with Cannapay Financial Inc.

“Cannapay Financial is building a mobile payment solution for the Cannabis industry designed to operate legally within multiple jurisdictions,” says Glance President and COO Penny Green, “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 granted to Cannapay a non-exclusive, worldwide licence to white label Glance’s mobile payment processing platform and its proven anti-fraud technology, for legal business to business and business to consumer mobile payments in the marijuana industry, and a right to sub-license for a 50% royalty. Cannapay is currently negotiating with dispensaries in various US states to provide a full payment solution through a mobile app with e-commerce abilities as well as developing and acquiring assets with high growth potential in the cannabis space.

Glance and Cannapay closed the second tranche of the Licence Agreement through the payment by Cannapay of $200,000 as part of the licensing fee, and the purchase by Glance of 4,000,000 common shares of Cannapay at a price of $0.05 per share. The transaction will be recorded as a related party transaction as Glance owns approximately 45% of Cannapay.


About Cannapay Financial Inc.

Cannapay combines traditional financial service with innovative technology to provide enhanced digital financial services to legally operating businesses in the marijuana industry. The Company is developing a mobile payment app that will allow users to order products from their smart phones, tablets or computer and have marijuana products delivered to their physical location in compliance with local rules and regulations. Cannapay also offers corporate and technology advisory services.


About Glance Technologies Inc.

Glance Technologies 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.

For more information about Glance, please go to Glance Technologies’ website

For more information, contact:

Christina Rao
Vice President, Investor Relations
(604) 723-7480
investors@glancepay.com


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Specifically, the statements referring to Glance’s planned expansion in the United States and Canada, and the statement that Glance will expand its reach in the United States are forward-looking statements, and there can be no certainty that these statements will prove to be correct.

Although Glance believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements.

CES:GET | Glance Technologies Inc. CES:GET | Glance Technologies Inc. CES:GET | Glance Technologies Inc.

INVESTOR RELATIONS


200-1238 Homer Street
Vancouver, BC V6B 2Y5

Investors@GlancePay.com

Glance Pay Mobile Payment App | Learn more
Download FREE Glance Pay App Download FREE Glance Pay App Apple | Download FREE Glance Pay App Android | Download FREE Glance Pay App Download FREE Glance Pay App