Blox Labs to is­sue 240 M shares for Best Cannabis buy

Stockwatch Daily - - TECHNOLOGY & TELECOM - Mr. Jeff Zanini re­ports

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.

We seek Safe Har­bor.

Jens Brandt, Thomas Wil­liam Clarke, Jerry Habuda, Peter Kar­roll, Jef­frey Zanini

(BLOX) Shares: 117,413,997

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