expansion of business development and partnerships “Belgravia Capital”, or the “Company” announced expansion of business development and partnerships in the international Cannabis industry. While the Company is aggressively investigating potential specific partnership and joint venture opportunities in the cannabis industry, it is also investigating related partnership and joint ventures in blockchain technology assets. Once the current events become definitive and material individual investments are finalized, substantial details will be disseminated by way of public press release.
Mehdi Azodi, President and CEO of Belgravia Capital stated, “We have previously announced the strategy of developing cannabis related businesses incorporating services in the area of permissioned and private blockchains to ensure the integrity of intra-corporate and inter-corporate cannabis industry seed to sale data and related security and safety information. The Company received USD $2.8 million composed of a cash receipt of USD $1.4 million and a promissory note which will be converted to cash on January 8, 2018, and further, it is expected that additional funds up to USD $12.2M will be received from Cartesian Capital Group controlled Intercontinental Potash Corp (USA) from New Mexico water sales. Capital received will be invested in the Cannabis industry space and related technology concepts, including blockchain technologies as related to provenance, attestation, security, and trading concepts.