BLOCKStrain Unaware of Any Material Change Leading to Unusual Trading Volume or Activity
BLOCKStrain Unaware of Any Material Change Leading to Unusual Trading Volume or Activity |
[18-June-2018] |
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/ VANCOUVER, June 18, 2018 /CNW/ - At the request of IIROC, BLOCKSTRAIN TECHNOLOGY CORP. (the "Company" or "BLOCKStrain") (TSXV: DNAX.V) wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.
BLOCKStrain is a technology provider in the Canadian legal cannabis industry, providing software and hardware solutions for Licensed Producers of cannabis, operating under the Access to Cannabis for Medical Purposes Regulations. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD OF DIRECTORS Robert Galarza About BLOCKStrain Technology Corp. BLOCKStrain Technology Corp. (TSX-V: DNAX.V) has developed the first integrated blockchain platform that registers and tracks intellectual property for the cannabis industry. Strain protection and genetic identification are major issues for growers and breeders, and this new technology allows them to identify and secure rights to their valuable intellectual property (IP). The BLOCKStrain platform also streamlines the administrative process of genetic and mandatory quality-control testing for legal cannabis, cutting the administrative time and expense in half. BLOCKStrain's proprietary, immutable, cryptographically-secure blockchain-technology establishes a global 'single source of truth' for cannabis strains, their ownership, potency and chemical makeup. In an industry where a popular strain can be worth millions of dollars, it is crucial to the industry's future to quantify genetics, potency and equivalencies between cannabis products. BLOCKStrain delivers needed transparency to growers, retailers, regulators, and consumers who have struggled to find realistic solutions to these logistical challenges. The good news is that the blockchain technology implemented by BLOCKStrain is ideally suited to solve these kinds of problems by implementing an immutable and non-corruptible record of transactions. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information SOURCE BLOCKStrain Technology Corp. | ||
Company Codes: TorontoVE:DNAX |
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