Kannaway seems to have offered its distributor and buyer database to TranzactCard.
That is based mostly on a communication despatched out by Kannaway earlier this week, advising distributors and clients they’ve been “pre-enrolled into Tranzact’s system”.
As BehindMLM understands it, this was completed with out prior discover or consent of Kannaway’s distributors and clients.
The primary Kannaway’s distributors and clients heard their data had been offered was on July twenty fourth.
In a broadcast e mail FAQ, Kannaway suggested its distributors it had entered right into a “strategic alliance” with TranzactCard.
TranzactCard is a superb match for you and Kannaway as a result of it offers extra leverage in your clients and extra earnings potential for you with out interfering together with your Kannaway enterprise.
On whether or not Kannaway supposed to merge with TranzactCard, the corporate acknowledged
Kannaway and TranzactCard are separate firms now and can stay separate as we transfer ahead.
As a substitute, it seems Kannaway administration have taken compensation place(s) in TranzactCard. The hope now’s Kannaway distributors and clients will construct a TranzactCard downline underneath them.
This isn’t an issue if it’s completed with discover. However that’s not what Kannaway did.
As a Kannaway Entrepreneur enrolled previous to July 6, 2023, you and your beforehand enrolled downline have already been pre-enrolled into Tranzact’s system.
Kannaway Clients are linked to their enrolling Entrepreneur, however they won’t seem within the TranzactCard tree together with Entrepreneurs.
There’s a voluntary “activation” step required, however the private information has already been offered.
Your precedence pre-enrolled place relies upon your present standing in Kannaway’s system.
As a buyer of any enterprise, I’d definitely be ticked off if my private and monetary information was offered to a third-party with out my data or consent.
As of July twenty fourth, Kannaway distributors and clients have 60 days to activate their TranzactCard place. After which, purportedly “unenrolled positions will likely be eliminated”.
Why Kannaway has monetized its distributor and buyer information is apparent: cash.
I don’t have entry to financials however, at the least based mostly on web site visitors, Kannaway is probably going in a tough monetary spot.
Kannaway is owned by Medical Marijuana Inc., whose share worth has plummeted from 1.3 cents to 0.3 of a cent yr on yr.
Kannaway doesn’t have a FaceBook web page however does hyperlink to Medical Marijuana Inc. accounts.
Medical Marijuana Inc. stopped updating its FaceBook and Instagram pages in March 2023. The corporate’s official YouTube channel was deserted 4 years in the past.
Kannaway is the second MLM firm to funnel its distributors into TranzactCard.
Failed MLM crypto firm iHub International started funneling its buyers into TranzactCard earlier this month.