Thursday, July 7, 2022

Grey Cloak Tech Inc (OTCMKTS:GRCK) Finishes Deal for Eqova

Grey Cloak Tech Inc (OTCMKTS:GRCK) is having a strong trading day. GRCK is seeing a +25% jump in price after the company locked down a nice deal. Eqova Life Sciences, a medicall7-focused CBD oil company, will now be a part of GRCK. This deal has been in the works for some time, but is now finalized.
This a nice deal, and clearly boosting the price today, because Eqova is part of a huge market – CBD oils are projected to reach $2 billion by 2020 as the product becomes more accepted in the medical field. Specifically, Eqova develops clinical grade Full Spectrum Hemp Oil products, sold exclusively via partnerships with licensed medical practitioners to use with their patients. To date, no other Hemp Oil company exclusively focuses on the practitioner market, leaving it largely underserved. It awaits to be seen if the acquisition of Eqova Life Sciences will help strengthen the company’s sentiments among investors. The Denver Colorado-based company develops a full spectrum of clinical-grade hemp oil products. Its products are sold exclusively through partnerships with licensed medical practitioners. This deal represents a shift in focus for GRCK. “For several months, we have been looking at the cannabis industry for an acquisition. While we have a good core product in our Fraudlytic™, the click fraud prevention industry has become very crowded and competitive. Therefore, we have been examining the many opportunities available in the cannabis industry,” said GRCK’s CEO as explanation.
Grey Cloak Tech Inc (OTCMKTS:GRCK) is engaged in developing a cloud-based software to detect advertising fraud on the Internet. The Company’s cloud-based product, Fraudlytic, is a secure platform that detects, analyzes and destroys bots while allowing consumer traffic to click and view digital advertisements. Fraudlytic’s suite of filters detects various permutations of digital advertising fraud, including cookie stuffing, advertisement stacking, and domain spoofing to allow advertisers to regain control of their advertising budget. Its software application has been uploaded to the Amazon cloud and the overall system runs over My Structured Query Language (MySql) instances using the Amazon storage area network (SAN) for storage of the data. Its TrueClick Compliance product includes the features of the basic TrueClick package with the addition of a selective online marketing feature, which is useful for regulated industries in state or federal compliance.
“We serve ads to consumers through a non-transparent media supply chain with spotty compliance to common standards, unreliable measurement, hidden rebates and new inventions like bot and methbot fraud.”
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The acquisition of Eqova Life Sciences presents GRCK with an opportunity to diversify its revenue stream.
New CEO Patrick Stiles, who comes aboard after this merger stated, “Today consumers are smarter than ever before. They demand superior products but also want it backed up with education. The days of empty promises are over. This is why we exclusively partner with medical professionals to bring our full spectrum hemp oil products to their patients.”
Stiles continued, “Now that we have merged with GRCK, the possibilities for us in the CBD space are endless. Eqova will just be the beginning. We will have the flexibility to enter many other segments of the industry.”
Grey Cloak Tech Inc (OTCMKTS:GRCK) has a market cap of $481,109.00 with 27.03M in outstanding shares. This acquisition puts GRCK on the radar because of the superior growth expected in the cannabis market. Furthermore, GRCK should see a nice boost in revenues in the next quarter with Eqova now on board. Sign-up for continuing coverage on shares of $GRCK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $GRCK, either long or short, and we have not been compensated for this article.

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