Liberty Leaf Invests in Blox Labs Financing

Published: June 20, 2018

Liberty Leaf Invests in Blox Labs Financing

Liberty Leaf Holdings Ltd. announced that the Company has participated in Blox Labs Inc. recently closed non-brokered private placement financing for gross proceeds of $1,111,650. The Company’s total participation was for $50,000 comprising a subscription for 666,667 common shares at $0.075 per share.

“Blox is a tech development company focused on creating best-in-class software solutions driven by emerging trends in blockchain, smart contracts and decentralized applications. The Blox team is helping customers with solutions for business problems from proofs of concept through execution,” says Will Rascan, President and CEO of Liberty Leaf Holdings Ltd. “Working with the BLOX team is yet another link in our vision of vertical integration, uniting all elements of the legal cannabis market – from cultivation, to processing, distribution and selling a variety of cannabis products.”

Rascan notes that North Road, a wholly owned subsidiary of Liberty Leaf, intends to engage in extensive, country-wide distribution of legal cannabis products. North Road is a late-stage applicant for an ACMPR licence.

“Given North Road’s distribution role in Liberty Leaf’s vertical model, Blox Labs is the right partner company to bring clarity, reliability and security to the complex world of cannabis logistics in supplying product to customers from coast-to-coast,” says Rascan.

“The investment by LIB in support of the ongoing Blockchain seed-to sale development project CannaBLOX , further solidifies our working relationship,” commented Jeff Zanini, President and CEO of BLOX. “With Cannabis legalization potentially right around the corner, through the use of distributed ledger technology, we are striving to fill a void in the marketplace and ease potential logistical bottlenecks that are sure to arise in this nascent industry.”