/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
WIRE SERVICES/
VANCOUVER, July 13, 2018 /CNW/ - BLOCKSTRAIN TECHNOLOGY
CORP. (TSXV: DNAX) (the "Company"), is pleased to
announce that, effective as of July 13,
2018, the Company has appointed James Carter as a director of the Company.
Mr. Carter is a Chartered Professional Accountant with over 45
years of experience in both the private and public sectors. From
1998 to 2017, Mr. Carter served as Vice President of an NYSE-listed
company focused on merchant banking activities, where he
specialized in mergers and acquisitions, corporate and debt
restructuring and risk management. Mr. Carter has particular
experience with North American and European capital markets.
In connection with Mr. Carter's appointment, Konstantin Lichtenwald as resigned as a director
of the Company. The Company thanks Mr. Lichtenwald for his service
to the Company and wishes him the best for his future
endeavors.
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. The good news is that the
blockchain technology implemented by BLOCKStrain is ideally suited
to solve these kinds of problems by implementing an immutable and
non-corruptible record of transactions.
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, the cannabis industry
as a result of BLOCKStrain's technology; other statements regarding
the business of BLOCKStrain; that BLOCKStrain will support the
growth of the cannabis industry; that its platform will be able to
cut administrative time and costs in half; and management's goals
with respect to making BLOCKStrain the best technology company in
the cannabis sector that provides a solid long-term investment.
Such statements are based on management's current assumptions with
respect to the regulatory environment for cannabis, the expected
applications of its technology and other factors, and are subject
to various 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; the cannabis industry may not use the
BLOCKStrain platform once it is built; legislative changes may
occur that negatively impact BLOCKStrain's business; BLOCKStrain's
platform may not adequately protect users' intellectual property;
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.