VANCOUVER, April 11, 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, today announced it has appointed
award-winning geneticist Dr. Gina
Conte to the role of Director of Genetics. Dr. Conte brings
an extensive amount of expertise to her role, and will provide
leadership and direction in business development.
"Dr. Conte brings significant experience and insight to
BLOCKStrain, and will provide tremendous strength to our growing
cadre of cannabis-based science experts," said CEO, Robert Galarza. "Her past research into this
field has provided forward momentum and knowledge around the
genetics and profiling of cannabis strains, and we are excited to
have her as a key part of our team as we work diligently to provide
both industry participants and consumers with best-in-class
technology solutions."
"BLOCKStrain's mission to increase transparency and integrity in
the cannabis industry aligns strongly with my ongoing interest and
specialization in the genetics of cannabis strains," said Dr.
Conte. "I look forward to working closely with BLOCKStrain as they
continue to innovate with this industry-best technology
platform."
Dr. Conte is currently the Chief Scientific Officer at
Lighthouse Genomics Inc. where she leads the company in the
development and implementation of genomic services for the
certification and verification of cannabis strains. Dr. Conte is
also Co-founder and Chief Scientific Officer of Illuminate Data
Science Inc. where she leads a research program to model the
effects of cannabis strains and products on the therapeutic
efficacy and experience using innovative machine learning.
In connection with this appointment BLOCKStrain has agreed to
grant Dr. Conte stock options to acquire up to 250,000 common
shares in the capital of BLOCKStrain, subject to the terms of a
stock option agreement to be entered into by the parties.
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.
Forward-Looking Information:
The forward-looking information in this news release is based
upon 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.
Forward-looking statements in this news release include statements
regarding: Gina L. Conte's
anticipated role with BLOCKStrain and that her expertise will
benefit BLOCKStrain. Forward-looking information necessarily
involves known and unknown risks, including, without
limitation, risks associated with general economic conditions;
adverse industry events; loss of markets; changes to the growth and
size of the cannabis industry;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.
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.
SOURCE BLOCKStrain Technology Corp.