Aiming to be the first Cannabis market security token, 7Pass is partnering with Polymath to make this happen.
With an on-going change in perception, 7Pass wants to ensure that the public continues to improve their outlook on Cannabis. With this in mind, 7Pass decided to take a scientific approach when naming its product. 7Pass refers to the brain’s Cannabinoid receptors which each contain 7 transmembrane domains. The company has the following to say on Cannabis and its public reception:
“The 7Pass Team believes the future of this industry depends on changing technology for, business models around, and perception of the cannabis plant. 7Pass is grounded in the science of cannabis with a concentration on how its positive effects are delivered to people and communities.”
With the Cannabis industry booming, 7Pass recognizes the need for an influx of capital to take advantage of current opportunities. By creating and selling a security token via the Polymath platform, they will be able to attain the capital that they are looking for.
This security token will be known as the 7Pass token. While traditional securities are not typically accessible by general investors (they are often restricted to accredited individuals with large amounts of capital), the 7Pass token will be. Through the tokenization of their shares, 7Pass gains the ability to create a mutually beneficial relationship with a much greater pool of potential shareholders.
The company promises to bring returns for shareholders through a variety of investments in various facets of the Cannabis industry. These investments are through providing Cannabis based entrepreneurs with capital to start and grow their own businesses. This help to entrepreneurs may take the form of bridge loans, royalty financing, equity, and more.
Attention. There is a risk that unverified members are not actually members of the team
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