Epazz, Inc. (OTC:EPAZ), a leading provider of blockchain mobile apps and cloud-based business software solutions, announced today that the company has spun off its subsidiary, ZenaPay, Inc., into a Canadian Corporation late last month.
Shareholders of Class A common shares, which are the ones that are publicly traded, will receive one share of ZenaPay Common stock for every share held. Furthermore, ZenaPay applied for listing on the Canadian Securities Exchange this month and has hired an experienced Toronto-based mergers and acquisitions consultant, Paul Khan, to assist in this complicated process.
ZenaPay is an enterprise cannabis software and blockchain solution provider specializing in payment solutions, plant tracker, cannabis business management software, supply-chain blockchain management, compliance management, and government auditing software. The company claims to be developing software for dispensaries, manufacturers, cultivators, and government inspectors.
EPAZ shares gained half a cent, or 31.3%, to 2.14 cents, on 12,000 shares.
