VANCOUVER, June 20, 2018 /CNW/ - Liberty Leaf Holdings Ltd. (CSE: LIB, OTCQB: LIBFF and FSE: HN3P) (the "Company") is pleased to announce that the Company has participated in Blox Labs Inc. (CSE: BLOX, Frankfurt: BR1B) recently closed non-brokered private placement financing (the "Offering") for gross proceeds of $1,111,650 (see BLOX news release dated June 15, 2018). The Company's total participation was for $50,000 comprising a subscription for 666,667 common shares at $0.075 per share.
"Blox is a tech development company focused on creating best-in-class software solutions driven by emerging trends in blockchain, smart contracts and decentralized applications. The Blox team is helping customers with solutions for business problems from proofs of concept through execution," says Will Rascan, President and CEO of Liberty Leaf Holdings Ltd. "Working with the BLOX team is yet another link in our vision of vertical integration, uniting all elements of the legal cannabis market – from cultivation, to processing, distribution and selling a variety of cannabis products."
Rascan notes that North Road, a wholly owned subsidiary of Liberty Leaf, intends to engage in extensive, country-wide distribution of legal cannabis products. North Road is a late-stage applicant for an ACMPR licence.
"Given North Road's distribution role in Liberty Leaf's vertical model, Blox Labs is the right partner company to bring clarity, reliability and security to the complex world of cannabis logistics in supplying product to customers from coast-to-coast," says Rascan.
"The investment by LIB in support of the ongoing Blockchain seed-to sale development project CannaBLOX , further solidifies our working relationship," commented Jeff Zanini, President and CEO of BLOX. "With Cannabis legalization potentially right around the corner, through the use of distributed ledger technology, we are striving to fill a void in the marketplace and ease potential logistical bottlenecks that are sure to arise in this nascent industry."
About Liberty Leaf
Liberty Leaf Holdings Ltd. is a Canadian-based, public company whose focus is to build and support a diversified portfolio of cannabis sector businesses, including cultivation, processing, value added CBD/THC pet products and supply chain products within this dynamic and fast growing sector.
Liberty Leaf's late-stage ACMPR LP portfolio consists of a 60% interest in Just Kush and 100% of North Road Ventures.
On Behalf of the Board
Will Rascan, President & CEO
Liberty Leaf Holdings Ltd.
Toll Free: 1-833-LIB-LEAF (542-5323)
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.
SOURCE Liberty Leaf Holdings
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