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Epazz (OTC:EPAZ) creating Canadian ZenaPay subsidiary

Tony Zerucha

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Epazz (OTC:EPAZ), a provider of blockchain mobile apps and cloud-based business software solutions, announced it is in the process of creating a Canadian subsidiary for ZenaPay. Last week, ZenaPay launched the Plant Tracker app for the Canadian 420 legalization market. For the company to take full advantage of the Canadian market, ZenaPay is forming a Canadian subsidiary and setting up an office in Canada. The company is working with both its American lawyers and Canadian lawyers to set up Canadian operations over the next few months.

The Canadian subsidiary will collect all revenue for the ZenaPay Plant Tracker app. ZenaPay will release a paid version of the app that will automatically submit data to the Canadian Regulatory Body. The Canadian operations will be set up over the next few months as the company completes the necessary paperwork.

The company believes creating a Canadian subsidiary will assist its efforts in raising capital in the Canadian marketplace. According to the Mjbizdaily, Canadian companies raised over CA$880 million in under two weeks. The company is planning roadshows in British Columbia, Ontario and Manitoba in the next few months to attract Canadian investors.

“We believe setting up Canadian operations will allow the company to grow quicker and establish a new market to sell our other products,” Epazz CEO Shaun Passley said.

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Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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