Increases Accessibility for US Investors
VANCOUVER, Feb. 25, 2019 /CNW/ - BLOCKStrain Technology
Corp. (TSX:V: DNAX.V) (OTC: BKKSF) ("BLOCKStrain"),
creator of the first Blockchain-secured, fully-integrated IP tracking platform for the cannabis industry, is pleased to announce
that its shares have received Depository Trust Company (DTC) full-service eligibility in the United
States. DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company's common
shares in the United States.
Securities that are eligible to be electronically cleared and settled through DTC are considered DTC eligible. DTC eligibility
enables shares of BLOCKStrain to be distributed, settled and serviced through DTC's automated processes, thereby taking advantage
of the efficiencies created in the electronic method of clearing securities and the resulting cost benefits that DTC provides
through accelerated settlement processes. Companies that are DTC eligible often experience higher trading volumes in their stock
given the additional accessibility and availability of shares for trading.
"DTC eligibility is another milestone for BLOCKStrain," said CEO, Robert Galarza. "With
improved settlement for our shares, it opens up an opportunity for US investors to participate in the BLOCKStrain growth story
and makes it much easier to buy our stock."
About BLOCKStrain:
BLOCKStrain has developed the first integrated blockchain platform to register and track intellectual property in the cannabis
industry. BLOCKStrain's technology allows cannabis growers and breeders to identify and secure rights to their intellectual
property. It also streamlines the administrative process and reduces the costs of genetic and mandatory quality-control testing
for legal cannabis. BLOCKStrain's technology is proprietary, immutable and cryptographically secure, thereby establishing a
single-source, accurate, validated, and permanent account for cannabis strains from ownership to market.
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.
Forward-Looking Information:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation
which are based upon BLOCKStrain's current internal expectations, estimates, projections, assumptions and beliefs and views of
future events. Forward-looking information can be identified by the use of forward-looking terminology such as "expect",
"likely", "may", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words, including
negative and grammatical variations thereof, or statements that certain events or conditions "may", "would" or "will" happen, or
by discussions of strategy. The forward-looking information in this news release is based upon the expectations, estimates,
projections, assumptions and views of future events which management believes to be reasonable in the circumstances.
Forward-looking information includes estimates, plans, expectations, opinions, forecasts, projections, targets, guidance or other
statements that are not statements of fact, including statements that DTC eligibility is expected to simplify the process of
trading and enhance the liquidity of the Company's common shares. Forward-looking information necessarily involves known and
unknown risks, including risks associated with general economic conditions; failure of the DTC eligibility to simplify trading
in, and liquidity of, the Company's common shares; adverse industry events; loss of markets; future legislative and regulatory
developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient
capital on favourable terms; the cannabis industry in Canada generally; the ability of
BLOCKStrain to implement its business strategies; competition; and other risks. These forward-looking statements are made as of
the date hereof and BLOCKStrain disclaims any intent or obligation to update publicly any forward-looking statements, whether as
a result of new information, future events or results or otherwise, except as required by applicable securities laws.
SOURCE BLOCKStrain Technology Corp.
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