FinCanna investee ezGreen compliance launches taxation reporting technology

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FinCanna Capital Corp. (“FinCanna”) (CSE: CALI) (OTCQB: FNNZF) a royalty company for the U.S. licensed medical cannabis industry, announces that its investee company ezGreen Compliance (“ezGreen”) which provides a state-of-the-art enterprise compliance and point-of-sale (POS) software solution for licensed medical cannabis dispensaries and cultivators, has expanded its proprietary Business Intelligence Dashboard (BID) with the addition of a new comprehensive taxation feature to automate essential revenue reporting functionality. Testing with a cannabis management company carrying a portfolio of over 30 dispensaries in the state of California, the company believes it is the only comprehensive tax reporting solution in the market. ezGreen’s new proprietary taxation functionality resolves the problem of labour intensive, error prone manual inputting of key financial data as it is designed to ensure that critical financial information is instantly captured and seamlessly organized for complex municipal and state tax reporting. 

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ezGreen’s automation of the state taxation formulas are customizable to track both municipal and state requirements around sales and excise taxes.

ezGreen intends to roll out this new taxation feature as a fully integrated component of its Business Intelligence Dashboard to the company’s affiliate network which includes a pipeline of over 200 dispensary client locations.  

With 30 states in the U.S. having some form of cannabis regulatory policies in place, navigating through state by state license, tax and compliance issues has been challenging for the legal, medical cannabis industry. ezGreen’s, Business Intelligence Dashboard is a proven front-to-back compliance solution that supports both the Health Insurance Portability and Accountability Act (“HIPAA”) and state laws by ensuring secure customer data storage and transmission that protects customers from potential security breaches and financial and criminal liability resulting from such violations.  Other ezGreen BID platform features include, free custom business analytics, managed workflow capabilities and third-party inventory validation allowing for real-time reporting and cross referencing of seed-to-sale and point-of-sale databases.

Additionally, ezGreen Compliance is working with several State Cannabis Control Boards on developing opioid diversion strategies by setting secure reporting mechanisms, integrating with ezGreen’s BID platform to track essential inventory and sales data.

“Compliance reporting is becoming a “must have” for every business in the cannabis industry,” said Andriyko Herchak, President and CEO of FinCanna Capital. “We believe ezGreen is clearly the industry leader in the compliance software space as evidenced by their superior Business Intelligence Dashboard which now incorporates a mission critical taxation reporting solution. Compliance reporting is an enormously lucrative space and we are confident ezGreen will deliver outstanding results for our shareholders.”

Specifically developed to address the needs of the cannabis Industry, ezGreen Compliance is a HIPAA certified POS solution developed and supported by Automated HealthCare Solutions (AHCS). AHCS is a leading point of care tracking and dispensing software solution developed over the past 16 years which currently supports 3,500+ active physician operated clinics and dispensaries, all while maintaining HIPAA compliance following essential Health and Human Services standards in the United States.

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