Monday April 1.... News out! Alchemist Signs Binding LOI with Vancouver based Rubikon Blockchain Corporation to deliver blockchain validated Seed-to-Sale software platform and a B2B wholesale craft cannabis marketplace to licensed operators in Canada and the United States
VANCOUVER, BC / ACCESSWIRE / April 1, 2019 / Alchemist Mining Inc (CSE: AMS) ("AMS" or the "Company") is pleased to announce the signing of a binding Letter of Intent ("LOI") for the acquisition of a 10% interest in Rubikon Blockchain Corporation. The purchase price shall be $902,882 Canadian dollars, paid in the common shares of the capital of Alchemist and $800,000 Canadian dollars of further investment, terms of which will be defined in the definitive agreement. Completion of the acquisition is subject to regulatory approvals and entry into a definitive agreement.
Rubikon's flagship software, CertiCraft, is a Seed-to-Sale (S2S) product information and compliance tracking platform for the cannabis industry. Combining RFID and IoT technologies with blockchain immutability provides a secure, automated, and comprehensive solution to the problem of visibility into a cannabis product's point of origin, lab certification, and proof it came from a legal, licensed producer.
"Rubikon's Certicraft, is without a doubt the most comprehensive and simple to use Seed-to-Sale application that we have seen, and we have seen quite a few. We are very excited about the opportunity to partner with the team at Rubikon and to seamlessly integrate their unique Seed-to-Sale software and B2B marketplace to the AMS Technology Platform", said Alchemist CEO Paul Mann.
"Partnering with Alchemist and its existing group of companies makes a lot of sense to us at Rubikon. Their industry reach, technology and business partners, along with their access to public markets, allow us the ability to accelerate our growth in the cannabis sector," said Joel Semczyszyn, CEO of Rubikon Blockchain Corporation
On Behalf of the Board,
Paul Mann, CEO
Alchemist Mining Inc.