/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"
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
Certain statements in this release are
forward-looking statements, which reflect the expectations of
management regarding the Company's future business plans.
Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Forward
looking statements in this news release include statements relating
to the expected benefits of, and impact on, WeedMD's business as a
result of the use of BLOCKStrain's technology; and the expected
security and other benefits of BLOCKStrain's technology generally.
Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ
materially from those contained in the statements, including that:
BLOCKStrain's platform may not operate as expected; WeedMD may not
derive the expected benefits from use of the BLOCKStrain platform;
legislative changes may occur that negatively impact BLOCKStrain's
business; and other factors beyond the Company's control. No
assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what
benefits the Company will obtain from them. Readers are urged to
consider these factors carefully in evaluating the forward-looking
statements contained in this news release and are cautioned not to
place undue reliance on such forward-looking statements, which are
qualified in their entirety by these cautionary statements. These
forward-looking statements are made as of the date hereof and the
Company 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.