VANCOUVER, British Columbia, Dec. 04, 2017 (GLOBE NEWSWIRE) -- Calyx Bio-Ventures Inc. (TSXV:CYX) (“Calyx” or
the “Company”) is pleased to announce that its wholly-owned subsidiary Canada Blockchain Hosting Corp
(“CBH”) a Vancouver based blockchain computing company is immediately expanding its newly-acquired cryptocurrency
mining and blockchain data validation operation in Kamloops, British Columbia.
This is a continuation of the Company’s primary initiative to expand its cryptocurrency mining and distributed
computing platform at an accelerated rate into the Company’s existing blockchain business model. This additional computing and hash
power will allow CBH to immediately increase its revenues and also significantly enhance the Company’s ability to support the
expansion of its private blockchain ecosystem.
The next phase of the Company's cryptocurrency procurement strategy will be to purchase a large quantity of ASIC
miners for installation into the Vancouver computing facility.
The Company also announces that its board of directors has approved a change of the Company’s name to “Calyx
Ventures Inc.” in order to better align with the Company’s long term growth strategy. Completion of the change remains
subject to the approval of the TSX Venture Exchange, and the Company will issue a further news release confirming the effective
date for the change.
“This is another exciting step in the execution of the Company’s strategic growth plan and we could not be any
more pleased with the progress” commented Roger Forde, President & Chief Executive Officer of the Company. “The first phase
provided us with a testing ground to streamline our blockchain technology currently being developed for the cannabis e-commerce
space, but as we scale out the cryptocurrency mining operation, we will continue to generate unallocated revenues to be used in
further business expansion.”
About Calyx
Calyx operates through two wholly-owned subsidiaries. Cannigistics Agri-Solutions Corp is a software development
company that has created a software platform originally designed for advanced indoor agriculture, but has now evolved to serve a
wider range of industries. Canada Blockchain Holdings Corp. is a company operating in blockchain technologies and crypto
currencies. Additionally, Calyx 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 Bio-Ventures Inc.
Tel: 604.880.8822
Email: rogerf@calyxbio.com
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.
