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Canadian Cannabis Corp (CCAN)
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Gold Party Payday Inc was incorporated in the State of Delaware on September 19, 2011. The Company is a development stage company, which organizes events and parties in which guests bring their unwanted jewelry, scrap gold and silver, coins and other gold and silver items to sell to the Company. The Company's events are centered around home and office parties hosted mainly by individuals. The Company pays an event guest based on the estimated appraised value of the items purchased, less a deduction determined by reference to the competitive discounts charged by jewelry stores and pawnshops in the central Kentucky area, as well as mail-in gold services. At its parties, the Company offers to remove gems and stones from jewelry settings and return them to the seller. If the seller does not want to keep the gems and stones, then the Company would retain them and take a bulk quantity to a gemologist for appraisal of value. The Company is in direct competition with jewelry stores and pawnshops that purchase gold and silver. Some of its main competitors are Cash4Gold, LLC, My Gold Envelope, Money4Gold, Inc. and Lippincott, LLC. The Company's activities currently are subject to no particular regulation by governmental agencies other than that routinely imposed on corporate businesses. However, the Company is subject to the unfair trade practice rules of the Federal Trade Commission.