JERussIV
4 years ago
BLOK Technologies Announces Change of Management
VANCOUVER, British Columbia, Feb. 26, 2020 (GLOBE NEWSWIRE) -- BLOK Technologies Inc. ("BLOK Tech" or the "Company") (CSE: BLK) (OTC: BLPFF) (FRANKFURT:2AD) announces today the appointment of David C. Greenway as President and CEO of the Company. The Company also announces the appointment of Mr. Philip Kwong to the Board of Directors.
The Company wishes to announce the resignation of Mr. James Hyland as a Director and Interim President & Chief Executive Officer of BLOK Tech effective immediately. The Board and Management of BLOK Tech thank and express their gratitude to Mr. Hyland for his efforts and contributions to the Company and wish him well in his future endeavors.
David C. Greenway
Mr. Greenway brings more than two decades of experience in managing, financing, and developing growth strategies for various TSX Venture Exchange and CSE listed companies, including involvement in acquisitions, business valuations and investor relations. His key expertise lies in the management and development of junior public resource companies, especially in the mining, and oil and gas sector. He has held directorships, senior management and business development positions including his roles with Bam Bam Resources Corp., Stamper Oil & Gas Corp, Veritas Pharma Inc., Chief Consolidated Gold Mines, SNS Silver Corp, Moneta Resources Inc., Sterling Mining Company and his board position in Mountain View Conservation Centre. Mr. Greenway attended University in Bournemouth, England where he studied Accounting and Finance.
Philip Kwong
Philip Kwong has managed and founded numerous private enterprises since 2010. He has worked across a variety of emerging industries which include mobile technology and creating multi-vendor mobile digital marketplaces. A diagnosis of multiple sclerosis in his early twenties subsequently launched his career in the cannabis sector.
Mr. Kwong is founder and CEO of 3 Carbon Extractions Inc., a company based in Vancouver, BC, Canada, that has created an industry solution for compliant and safe extraction solutions. Through 3 Carbon, he has entered into an exclusive Canadian market agreement with US company, ExtractionTek Solutions, based in Denver, Colorado.
About BLOK Technologies Inc.
BLOK Technologies Inc. is a public company that invests in and develops companies in the blockchain and emerging technology sectors. The Company’s approach is to provide capital, technology and management expertise to the companies it develops. BLOK Tech’s current portfolio includes Greenstream and VR Eyes Technology Corp. Greenstream is a technology platform designed to effectively manage value transfer, supply chain integrity and identity verification in complex and highly regulated industries. VR Eyes Technology Corp. is a new innovative company that is researching and developing technology for eye care and is focused on products that make detecting eye functions more convenient for the day to day user. The Company systematically identifies early-stage technologies with potential to disrupt and innovate within their industry and invests the necessary resources to ensure the success of their projects.
For additional information regarding BLOK Technologies and other corporate information, please visit the Company's website at BLOKTECHINC.COM
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
“Wilson Su”
Interim CFO, Director
For further information, please contact: ?Wilson Su?Interim CFO, Director?Tel: (604) 338-4488
Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company’s control.
JERussIV
4 years ago
More News...tomorrow should be a fun day
BLOK Technologies Announces LOI and Working Partnership with 3 Carbon Extractions Inc.
VANCOUVER, British Columbia, Feb. 12, 2020 (GLOBE NEWSWIRE) -- BLOK Technologies Inc. ("BLOK Tech" or the "Company") (CSE: BLK) (OTC:BLPFF) (FRANKFURT:2AD) is pleased to announce that the Company has entered into a non-binding Letter of Intent (“LOI”) dated Feb. 12, 2020, with 3 Carbon Extractions Inc. (“3 Carbon”).
BLOK Tech and 3 Carbon companies will work together in the development of tracking extraction using Greenstream Technology. In conjunction with this partnership, Greenstream will continue to develop the application while keeping extraction processes and tracking in mind, pulling expertise and resources when needed from 3 Carbon.
About 3 Carbon
3 Carbon is the industry solution to healthy, compliant, and safe hydrocarbon cannabis and hemp extraction. They offer the best in class hydrocarbon extraction equipment, design premium extraction facilities, and provide tested and secure extraction solutions for responsible, controllable, and practical botanical extraction needs. 3 Carbon’s platform brings together service, regulation, education, training, experience and science to provide a safe and holistic approach for hydrocarbon extraction.
“The extraction portion of the cannabis market is one of the areas that has the most explosive growth, by being involved with a technology driven company like 3 Carbon that will allow us to develop our technology with the future in mind,” stated Interim President & CEO, James Hyland.
Financing Announcement
BLOK Tech announces a non-brokered private placement offering of up to 5,000,000 units (the “Units”) of the Company at a price of $0.05 per Unit (the “Unit Issue Price”) to raise up to C$250,000 on a commercially reasonable efforts basis (the “Offering”). Each Unit will consist of one (1) common share (a “Common Share”) of the Company and one-half (1/2) common share purchase warrant (a “Warrant”) exercisable into one (1) Common Share of the Company at an exercise price of $0.15 per Warrant for a period of 24 months from the Closing Date.
BLOK Tech intends to use the net proceeds from the Offering for the development of its emerging blockchain technology, as well as for general working capital purposes.
About BLOK Technologies Inc.
BLOK Technologies Inc. is a public company that invests in and develops companies in the blockchain and emerging technology sectors. The Company’s approach is to provide capital, technology and management expertise to the companies it develops. BLOK Tech’s current portfolio includes Greenstream and VR Eyes Technology Corp. Greenstream is a technology platform designed to effectively manage value transfer, supply chain integrity and identity verification in complex and highly regulated industries. VR Eyes Technology Corp. is a new innovative company that is researching and developing technology for eye care and is focused on products that make detecting eye functions more convenient for the day to day user. The Company systematically identifies early-stage technologies with potential to disrupt and innovate within their industry and invests the necessary resources to ensure the success of their projects.
For additional information regarding BLOK Technologies and other corporate information, please visit the Company's website at BLOKTECHINC.COM
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
“James Hyland”
Interim President & CEO
For further information, please contact:
James Hyland, B.Comm
Interim President & CEO, Director
jamie@bloktechinc.com
Tel: (604) 442-2425
Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company’s control.
JERussIV
4 years ago
More news
BLOK Technologies Begins Talks with Canadian Licensed Producer Implementing Greenstream Technologies
VANCOUVER, British Columbia, Feb. 11, 2020 (GLOBE NEWSWIRE) -- BLOK Technologies Inc. ("BLOK Tech" or the "Company") (CSE: BLK) (OTC:BLPFF) (FRANKFURT:2AD) is pleased to announce that the Company has begun discussions with one of Canada's most technologically advanced licensed producers (“LP”) under the Cannabis Act.
As the Canadian government's Cannabis Act continues the development of the legalization of cannabis, BLOK Tech’s management believes Greenstream's comprehensive technology can be a valued solution to the cannabis industry tracking seed to sale and conforming with Canadian regulations. BLOK Tech’s goal is to run a pilot project with a LP with the goal of standardizing practice throughout the industry.
"We are pleased that a Canadian LP has shown an interest in Greenstream technology. By getting our foot in the door with one of Canada's premier growers we can start to show the efficiencies and value of blockchain technology, hopefully leading to an industry standard," stated Interim President & CEO, James Hyland.
Greenstream is a developing commercialized blockchain-enabled supply chain integrity platform to ensure the safe, legal and authenticated flow of products and value through the cannabis market, marking seed to sale, which is one of the key components to regulation.
About BLOK Technologies Inc.
BLOK Technologies Inc. is a public company that invests in and develops companies in the blockchain and emerging technology sectors. The Company’s approach is to provide capital, technology and management expertise to the companies it develops. BLOK Tech’s current portfolio includes Greenstream and VR Eyes Technology Corp. Greenstream is a technology platform designed to effectively manage value transfer, supply chain integrity and identity verification in complex and highly regulated industries. VR Eyes Technology Corp. is a new innovative company that is researching and developing technology for eye care and is focused on products that make detecting eye functions more convenient for the day to day user. The Company systematically identifies early-stage technologies with potential to disrupt and innovate within their industry and invests the necessary resources to ensure the success of their projects.
For additional information regarding BLOK Technologies and other corporate information, please visit the Company's website at BLOKTECHINC.COM
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
“James Hyland”
Interim President & CEO
For further information, please contact:
James Hyland, B.Comm
Interim President & CEO, Director
jamie@bloktechinc.com
Tel: (604) 442-2425
Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company’s control.
JERussIV
4 years ago
Blok Technologies : Begins Reaching Out to Blockchain Developers to Further Advance Greenstream Development
02/07/2020 | 08:17am EST
VANCOUVER - BLOK Technologies Inc. ('BLOK Tech' or the 'Company') (CSE: BLK) (OTC: BLPFF) (FRANKFURT: 2AD) is pleased to announce that the Board of Directors has decided that it will continue with the development in the Greenstream Networks Inc technology.
As the Canadian government's Cannabis Act continues the development of the legalization of cannabis BLOK Tech believes Greenstream's comprehensive technology can still be the solution to the cannabis industry. Greenstream is a developing commercialized blockchain-enabled supply chain integrity platform to ensure the safe, legal and authenticated flow of products and value through the cannabis market, marking seed to sale which is one of the key components to regulation. 'I'm excited to announce we are looking to engage a party on the relaunch of Greenstream, the company has reached out to the old development team as well other groups. We will take prudent measures to ensure cost efficiency and use our relations to hopefully partner with significant cannabis companies in the future.' Stated BLOK Tech Interim CEO, Jamie Hyland
About BLOK Technologies Inc.
BLOK Technologies Inc. is a public company that invests in and develops companies in the blockchain and emerging technology sectors. The Company's approach is to provide capital, technology and management expertise to the companies it develops. BLOK Tech's current portfolio includes Greenstream and VR Eyes Technology Corp. Greenstream is a technology platform designed to effectively manage value transfer, supply chain integrity and identity verification in complex and highly regulated industries.
VR Eyes Technology Corp. is a new innovative company that is researching and developing technology for eye care and is focused on products that make detecting eye functions more convenient for the day to day user. The Company systematically identifies early-stage technologies with potential to disrupt and innovate within their industry and invests the necessary resources to ensure the success of their projects.
Contact:
James Hyland
Tel: (604) 442-2425
Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements.
Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company's control.
(C) 2020 Electronic News Publishing, source ENP Newswire
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