Calyx Ventures Inc V.CYX.H

CALYX NEWS OUT !! READ ALL ABOUT IT !!

[bohemian61]

Calyx Provides Update on Development of Blockchain-Based Canadian Cannabis Marketplace Platform

Monday, February 26, 2018, 8:00 AM ET

 

Calyx Provides Update on Development of Blockchain-Based Canadian Cannabis Marketplace Platform
VANCOUVER, British Columbia, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Calyx Ventures Inc. (TSX.V:CYX) ("Calyx" or the "Company") is pleased to provide an update on the development status of its Canadian Cannabis Exchange Platform. Calyx's wholly-owned subsidiary, Cannigistics Agri-Solutions Corp. is both on schedule and on budget in building out its commercial platform which when completed will facilitate mass commercial cannabis and derivative transactions in an orderly market-based fashion.
"As the cannabis landscape matures, the necessity for an independent fluid marketplace is becoming increasingly more apparent," explained Roger Forde, Chief Executive Officer of Calyx. "To this end we are building an infrastructure to allow for current and future Licensed Producers to get their product to both foreign and domestic markets quickly, efficiently and affordably."
The marketplace and quotation system is modelled after a proven and functional technology currently in service in the Canadian agricultural marketplace. The Company's extensive development and customization of the system will use a distributed ledger to handle and track contracts and transactions.
"Blockchain technology is naturally suited to marketplace applications. This particular market has a need for transaction verification and transparency, so we feel that building the platform around a blockchain ledger will give it traction with both market participants and regulatory authorities," Forde said.
"We see great opportunity in the cannabis market's needs for efficiency, liquidity and accountability, and intend to provide these through our platform in time for the advent of the recreational market this summer" stated Roger Forde, Chief Executive Officer of Calyx.
About Calyx
Calyx operates a software development business which produces custom software for enterprises and innovative, well-financed startups. Calyx operates through two wholly-owned subsidiaries, Cannigistics Agri-Solutions Corp., a software development business that has created a software platform originally designed for advanced indoor agriculture, has now evolved to serve a wider range of industries and Canada Blockchain Holdings Corp., a company operating in the blockchain technology and cryptocurrency sector. Calyx also owns a portfolio of proprietary intellectual property with applications in crop enhancement, as well as messaging software assets.
For further information about Calyx, please visit www.calyxbio.com or contact:
Roger Forde
President and Chief Executive Officer
Calyx Ventures Inc.
Tel: [phone]
Email: [e-mail]
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.
(END) Dow Jones Newswires
February 26, 2018 08:00 ET (13:00 GMT)

 

 

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[bohemian61]

Basically says JACK !!

[thetdot6]

SP gonna fluctuate around current level or go down for another month or so.  Shouldve provided mining numbers at least. Shareholders left in the dark again. 

[Zola2]

Agree, market is not impressed by the news release. Only the next N.R. we are under budget and ahead of time will change the situation.

[BiggLebowski]

Software update without any timelines or indication how far along in the development they are. I guess that means it won't be done any time soon. Im out for now, this will be at this price or lower for a while.

[Sidesh0w]

No timelines?  They said that they are on schedule so that means by July 1, 2018.

[Brootal]

Have you been paying attention? July 1 is no longer valid. Agreed this was a useless news release. bye bye money

[Newstockie]

PATIENCE!!!!!! whoever is selling now you’ll not only be kicking yourself but most likely will be slapping yourself as well. Like calm down, this is just the calm before the storm . LONG AND STRONG 

[ElkInvestorCA]

Exactly! Nothing has changed, Jan / Feb is usually slow in any business. It's not like this stock was propped up with a huge expectation of a giant news release. If anything this stock has just been stagnant / slow since the start of the year. Bitcoin is trending up, and the MJ sector horizon is still on the table.  Shorters will try and scam every last penny from you, but just hold. We

[Northerencents]

This post has been removed in accordance with Community Policy

[Newstockie]

Yea I know bro, it does suck and I feel the same way but forget about that weak stuff!!! Remember why we’re all here, the real long cyx investors, just wait, great is around the corner and will forget it was ever this Lowe