Blox Labs to issue 240 M shares for Best Cannabis buy
AT THE request of the Investment Industry Regulatory Organization of Canada, Blox Labs Inc. wishes to clarify and expand upon its disclosure of the non-binding letter of intent with Best Cannabis Products Inc.
While final terms of any definitive agreement remain subject to due diligence and final negotiations, the agreement currently contemplates the company issuing approximately 240 million common shares in exchange for all of the common shares of BCP. This would be an arm’s-length transaction that would result in a change of control.
There can be no assurance that the transaction will be completed as proposed or at all. Blox and BCP will provide further disclosure by way of press releases and updates as such additional information becomes available.
About Blox Labs Inc.
Blox Labs is a technology development company focused on creating best-in-class software solutions driven by emerging trends in blockchain, smart contracts and decentralized applications. Blox Labs is helping customers with solutions for business problems from proofs of concept through execution. The company is currently piloting blockchain solutions for supply chain management and improvement, as well as other areas. Blox Labs is actively targeting partnerships and strategic acquisitions of growth companies.
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Jens Brandt, Thomas William Clarke, Jerry Habuda, Peter Karroll, Jeffrey Zanini
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