FinCanna Capital Corp (FNNZF)

[PotterBanker]

FinCanna Investee ezGreen Compliance Launches Taxation Reporting Technology

https://globenewswire.com/news-release/2018/10/11/1619728/0/en/FinCanna-Investee-ezGreen-Compliance-Launches-Taxation-Reporting-Technology.html

October 11, 2018 03:05 ET | Source: FinCanna Capital Corp.

VANCOUVER, British Columbia, Oct. 11, 2018 (GLOBE NEWSWIRE) -- 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. ezGreen’s automation of the state taxation formulas are customizable to track both municipal and state requirements around sales and excise taxes.