VANCOUVER, April 2, 2019 /CNW/ - BLOCKStrain Technology Corp. (TSX:V: DNAX.V) (OTC: BKKSF) ("BLOCKStrain"), creator of the first Blockchain-secured, fully-integrated IP tracking platform for the cannabis industry, announced its software suite has been nominated for "Best Software" at the O'Cannabiz Industry Awards Gala on Thursday, April 25th 2019.
"BLOCKStrain's mission is to provide Licensed Producers, craft growers, cannabis-product developers and of course, consumers, with a high level of confidence in the quality and contents of their cannabis-based products." said Chief Executive Officer, Robert Galarza. "We take pride in having developed what we believe is a comprehensive, best-in-class platform and are honoured to be included as a nominee in the category of 'Best Software' at this premier event, presented by one of Canada's most highly-regarded business-to-business cannabis conferences."
The Gala, which will be held during the O'Cannabiz conference, taking place from April 25 to 27, 2019 in Toronto, is a celebration and exclusive event to recognize the industry's best professionals and products in 35 categories. Registered voters will only be able to vote once, per email address, during the voting period, which closes at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) on April 3, 2019. Once registered, voter information will be stored in the O'Cannabiz database so users may come back and complete their voting at their leisure (until voting closes on April 03, 2019).
All winners will be announced live at the The O'Cannabiz Industry Awards Gala.
BLOCKStrain has developed the first integrated blockchain platform to register and track intellectual property in the cannabis industry. BLOCKStrain's technology allows cannabis growers and breeders to identify and secure rights to their intellectual property and also streamlines the administrative process and reduces the costs of genetic and mandatory quality-control testing for legal cannabis. BLOCKStrain's technology is proprietary, immutable and cryptographically secure, thereby establishing a single-source, accurate, validated and permanent account for cannabis strains from ownership to market.
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; and the Company's anticipation of gaining considerable traction in the market. 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 adopt the BLOCKStrain platform to the level expected; 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.
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.
SOURCE BLOCKStrain Technology Corp.
For further information: BLOCKStrain Technology Corp. Robert Galarza, Chief Executive Officer and Director; Investor Inquiries: Crystal Quast Bullseye Corporate, 1-844-656-3629, [email protected]; Media Inquiries: Corey Herscu, 416-410-0404, [email protected]