Tickers: XCNQ:BLOX, FRAA:BR1B, PINX:BLLXF
Tags: Blockchain, Mining
Toronto, Ontario / TheNewswire / February 22, 2018 - Blox Labs Inc. ("BLOX" or the "Company") (CSE: BLOX) (US OTC: BLLXF) (Frankfurt: BR1B) is pleased to provide an update regarding the initial Phase 1 development of "cannaBLOX", a Blockchain-based smart contract supply chain management platform for the legalized Cannabis industry, that it is developing in partnership with Liberty Leaf Holdings Ltd. (CSE: LIB).
After several key meetings with main stakeholders and the development team, BLOX is working towards completion of a cannaBLOX Whitepaper and has completed the initial framework and analysis required to do so. To date, specific focus has been on project scoping, itemizing utility and process flow, schematic design, and Cannabis industry analysis. Additionally, as announced by BLOX on January 2, 2018, the Company has created a satellite development team in Eastern Europe that is specialized in Blockchain and Decentralized Application Technologies, including omni-language development in Ethereum and NEO. With the preliminary inputs and analysis now complete, this new team will be instrumental in the ongoing cannaBLOX development. BLOX shall provide further updates as the project progresses.
The cannaBLOX Blockchain software will aim to ease and obliterate logistical bottlenecks, ensure product safety and quality of supply, minimize fraud and potential criminal activity, and assist with taxation and regulatory compliance across various levels of government within the legalized Cannabis marketplace.
Blox Labs Inc. (CSE: BLOX) (US OTC: BLLXF) (Frankfurt: BR1B) is a boutique technology development company focused on creating best-in-class software solutions that are driven by emerging trends in Blockchain, Smart Contracts and Decentralized Application Technologies. BLOX recently entered the Canadian Cannabis space with the development of cannaBLOX, a Blockchain solution focused on Cannabis seed-to-sale provenance verification. The Company is actively targeting partnerships and strategic acquisitions of high growth companies.
About Liberty Leaf
Liberty Leaf Holdings Ltd. is a Canadian-based public company whose focus is to build and support a diversified portfolio of cannabis-sector businesses, including cultivation, processing, value-added CBD/THC pet products and supply chain products within this dynamic and fast-growing sector. Liberty Leaf's late-stage ACMPR portfolio consists of a 60% interest in Just Kush and 100% ownership of North Road Ventures.
Blox Labs Inc.
Harald Seemann
CEO and Director
Phone: +1.416.879.1989
Website: www.bloxlabs.ca
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
This news release includes forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including future plans for development of technologies by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this news release are made as of the date of this news release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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