TruTrace Technologies Inc C.TTT

July 18 nr with Spier

[LaserStock29]

Spier

BLOCKStrain is a technology company based in Vancouver, BC, which has developed a proprietary enterprise software platform that can verify and track cannabis products through an intelligent, blockchain-protected database of strain genetics. By registering the genetic identity of a batch of legal cannabis via a DNA Passport™, BLOCKStrain can automate the task of 'gene-to-sale' tracking and showcase where each verified product was grown, manufactured, shipped and sold. The system is also designed to differentiate between legal cannabis and black-market cannabis by giving consumers, producers and regulators real time information about verified products. This data is stored and managed by a dynamic real-time, blockchain enabled system that can give real time reporting to provincial and federal regulators.


>>> Ok so, there are 4 levels of 'adoption' for blockstrain to be 'real-time'  

- Producer (LP/Craft)
- Manufactured (Testing Labs)
- Shipped        (Fedex or Canada Post or UPS)
- Sold (Retail or Online)   (Law enforcement checks)


Having the 'strain' of each plant in a database verified along the way makes it easy for retailers to know what they are selling and if they are 100% legal with registered governent approved strains in that sense. 

If marijuana is sold retail that is not verified.. it's easy to track if it's law enforcement.




The MOU initially provides for the grant of an exclusive right to Spire to introduce BLOCKStrain's technology to one provincial government. If an agreement is entered into with that government, BLOCKStrain will grant Spire the exclusive right to introduce BLOCKStrain's technology to governmental authorities of such other Canadian province(s) and international jurisdictions as may be mutually agreed to by the parties. It is expected that BLOCKStrain will grant Spire stock options and pay Spire a commission in connection with each such agreement, on terms to be agreed to by the parties.




How the revenue is generated.. i am not sure of that one..  long as we get revenue in the 30m range  a nice 5-15 multiple would do nicely on the pps