Media Advisory - BLOCKStrain to Ring the Bell at Toronto Stock Exchange
Media Advisory - BLOCKStrain to Ring the Bell at Toronto Stock Exchange |
[20-June-2018] |
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/ VANCOUVER, June 20, 2018 /CNW/ - BLOCKSTRAIN TECHNOLOGY CORP. (the "Company" or "BLOCKStrain") (TSXV: DNAX.V) will be celebrating its recent listing on the TSX-V by ringing the bell at the start of trading Thursday June 21, on the Toronto Stock Exchange.
BLOCKStrain CEO Robert Galarza will be joined in ringing the opening bell by senior management, directors, key stakeholders and supporters of the Company. "It's been an exciting ride taking our Company public, and even more exciting putting the key building blocks in place for BLOCKStrain's success in the Canadian cannabis industry," Galarza said. "If you'd have told me six months ago we'd be ringing the bell on the TSX this week, I wouldn't have believed you. This is a sincere honour for all of us, and a real testament to the stellar work being done by our software development team. This is only the beginning for BLOCKStrain." BLOCKStrain is a young technology company that has developed the world's first 'gene to sale' tracking system that utilizes the benefits of blockchain to empower supply-chain visibility and product verification. BLOCKStrain's proprietary software streamlines the process of mandatory testing of cannabis products; creates a genetic registry of cannabis strains to protect the intellectual property of breeders and growers; and provides an innovative 'track-and-trace' system to provide visibility and verification for governments and consumers. All data entered into this ecosystem is protected by an immutable blockchain ledger and interconnected with a sophisticated enterprise software platform that empowers the industry with actionable data. The system is already being deployed at WeedMD, a leading Licensed Producer of cannabis in Canada. The Company has also signed a strategic partnership with cannabis technology innovator Abbatis Bioceuticals. The BLOCKStrain platform works within existing software solutions in the cannabis industry, including 'seed to sale' crop management systems. The Company is currently negotiating deployment contracts with several other Licensed Producers and late-stage applicants, under the Access to Cannabis for Medical Purposes Regulations across the country. The market opening ceremony will happen at the start of trading on Thursday, June 21st, at exactly 9:30 a.m., and will be aired live on the Business News Network morning show, and featured on TSX.com and TMX.com . ON BEHALF OF THE BOARD OF DIRECTORS Robert Galarza Chief Executive Officer and Director 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. 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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