TORONTO, Feb. 02, 2018 (GLOBE NEWSWIRE) — BLOK Technologies Inc. (“BLOK Tech” or the “Company”) (CSE:BLK) (FRANKFURT:2AD) is admiring to advertise that it has afflicted its name to BLOK Technologies Inc. (“BLOK Tech”) and will arise trading beneath the attribute “BLK” on the Canadian Securities Exchange (“CSE:BLK”) able at the accessible on Friday February 2, 2018.
BLOK Tech is the consistent issuer created from the ahead appear and completed 100% accretion of 10375977 Canada Inc., a blockchain technology aggregation accomplishing business as Greenstream (“Greenstream”).
Disclosure abstracts are accessible at www.thecse.com
Effective Date: February 2, 2018New CUSIP: 09370Q 10 5New ISIN: CA 09370Q 10 5 4New Sym: BLK
Robert Dawson CEO of BLOK Tech, commented: “Our new accumulated character reflects the Company’s focus on acceptable a absolutely chip technology aggregation application blockchain as a cornerstone for advance and developing arising companies in the blockchain technology sector. We are absolute admiring to accept completed this transaction and to already afresh accommodate a Canadian trading belvedere for our abounding shareholders.”
The Company’s new website can be begin at www.bloktechinc.com area you can subscribe to the company’s account and apprehend about its access and approaching plans.
No activity is appropriate to be taken by the Company’s shareholders in affiliation with the name change.
About BLOK Technologies Inc.
BLOK Technologies Inc. is a accessible aggregation that invests in and develops arising companies in the blockchain technology sector. The Aggregation has accustomed codicillary approval on its aboriginal acquisition. The Company’s access is to accommodate capital, technology and administration adeptness to the companies it develops, starting in the cannabis accumulation alternation administration sector. The Company’s action is to analyze early-stage technologies with abeyant to agitate and innovate aural their industry and accommodate them with the all-important capital, assets and adeptness to ensure the success of their projects.
Greenstream is affianced in the development of a blockchain-enabled accumulation alternation administration belvedere for the legalized cannabis industry. The federal government has laid out a roadmap to accept cannabis legalized civic by July 2018. With this in mind, Greenstream is in the action of developing a technology architectonics to abode the accumulation administration needs for this new authoritative environment, accouterment the industry the adeptness to administer from ‘seed to sale’. The Greenstream architectonics calls for three layers of development including: acute arrangement processing, POS and ID database integrations and affiliation with absolute account administration and action administration platforms. When absolutely deployed, there will be assorted stakeholders for the Greenstream platform, including: accountant producers, distributors, government regulators, dispensaries, and software providers.
Grant of Options
The Aggregation announces that able February 2, 2018, it accepted to its directors, officers, advisers and consultants options to access the accumulated of 700,000 accepted shares of the Aggregation (“Common Shares”). All options accepted accept the exercise amount of CAD$1.00 and the accomplishment date of February 2, 2019.
For added information, amuse contact:
James Hyland, B.Comm.Vice President Accumulated Development, Director (604) [email protected]
ON BEHALF OF THE BOARD OF DIRECTORS
“Robert Dawson”President & CEO
Statements in this account absolution may be beheld as advanced statements. Such statements absorb risks and uncertainties that could account absolute after-effects to alter materially from those projected. There are no assurances the aggregation can accomplish such advanced statements and the aggregation undertakes no obligation to amend such statements. Such advanced statements are alone predictions; absolute contest or after-effects may alter materially as a aftereffect of risks adverse the company, some of which are above the company’s control.
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