Increases Accessibility for US
Investors
VANCOUVER, Feb. 25, 2019 /CNW/ - BLOCKStrain Technology
Corp. (TSX:V: DNAX.V) (OTC: BKKSF) ("BLOCKStrain"), creator of
the first Blockchain-secured, fully-integrated IP tracking platform
for the cannabis industry, is pleased to announce that its shares
have received Depository Trust Company (DTC) full-service
eligibility in the United States.
DTC eligibility is expected to simplify the process of trading and
enhance liquidity of the Company's common shares in the United States.
Securities that are eligible to be electronically cleared and
settled through DTC are considered DTC eligible. DTC eligibility
enables shares of BLOCKStrain to be distributed, settled and
serviced through DTC's automated processes, thereby taking
advantage of the efficiencies created in the electronic method of
clearing securities and the resulting cost benefits that DTC
provides through accelerated settlement processes. Companies that
are DTC eligible often experience higher trading volumes in their
stock given the additional accessibility and availability of shares
for trading.
"DTC eligibility is another milestone for BLOCKStrain," said
CEO, Robert Galarza. "With improved
settlement for our shares, it opens up an opportunity for US
investors to participate in the BLOCKStrain growth story and makes
it much easier to buy our stock."
About BLOCKStrain:
BLOCKStrain has developed the first integrated blockchain
platform to register and track intellectual property in the
cannabis industry. BLOCKStrain's technology allows cannabis growers
and breeders to identify and secure rights to their intellectual
property. It also streamlines the administrative process and
reduces the costs of genetic and mandatory quality-control testing
for legal cannabis. BLOCKStrain's technology is proprietary,
immutable and cryptographically secure, thereby establishing a
single-source, accurate, validated, and permanent account for
cannabis strains from ownership to market.
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.
Forward-Looking Information:
This press release contains "forward-looking information"
within the meaning of applicable Canadian securities legislation
which are based upon BLOCKStrain's current internal expectations,
estimates, projections, assumptions and beliefs and views of future
events. Forward-looking information can be identified by the use of
forward-looking terminology such as "expect", "likely", "may",
"will", "should", "intend", "anticipate", "potential", "proposed",
"estimate" and other similar words, including negative and
grammatical variations thereof, or statements that certain events
or conditions "may", "would" or "will" happen, or by discussions of
strategy. The forward-looking information in this news release is
based upon the expectations, estimates, projections, assumptions
and views of future events which management believes to be
reasonable in the circumstances. Forward-looking information
includes estimates, plans, expectations, opinions, forecasts,
projections, targets, guidance or other statements that are not
statements of fact, including statements that DTC eligibility is
expected to simplify the process of trading and enhance the
liquidity of the Company's common shares. Forward-looking
information necessarily involves known and unknown risks, including
risks associated with general economic conditions; failure of the
DTC eligibility to simplify trading in, and liquidity of, the
Company's common shares; adverse industry events; loss of markets;
future legislative and regulatory developments; inability to access
sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favourable terms; the
cannabis industry in Canada
generally; the ability of BLOCKStrain to implement its business
strategies; competition; and other risks. These forward-looking
statements are made as of the date hereof and BLOCKStrain disclaims
any intent or obligation to update publicly any forward-looking
statements, whether as a result of new information, future events
or results or otherwise, except as required by applicable
securities laws.
SOURCE BLOCKStrain Technology Corp.