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Update on Cannabis Blockchain Project “cannaBLOX”

Liberty Leaf Holdings and Blox Labs Provide Update on Cannabis Blockchain Project “cannaBLOX”

Vancouver, B.C. – February 22, 2018: Liberty Leaf Holdings Ltd. (CSE: LIB, OTCQB: LIBFF and FSE: HN3P) (the “Company”) and Blox Labs Inc. (CSE: BLOX) are pleased to provide an update regarding the initial Phase 1 development of “cannaBLOX”, a Blockchain-based smart contract supply chain management platform for the legalized cannabis industry that is being developed in partnership.

After several key meetings with main stakeholders and the development team, BLOX is working towards completion of a cannaBLOX Whitepaper and has completed the initial framework and analysis required to do so. To date, specific focus has been on project scoping, itemizing utility and process flow, schematic design, and Cannabis industry analysis. Additionally, as announced on January 2, 2018, BLOX has created a satellite development team in Eastern Europe that is specialized in Blockchain and Decentralized Application Technologies, including omni-language development in Ethereum and NEO. With the preliminary inputs and analysis now complete, this new team will be instrumental in the ongoing cannaBLOX development.  BLOX and LIB shall provide further updates as the project progresses.

The cannaBLOX Blockchain software will aim to ease and obliterate logistical bottlenecks, ensure product safety and quality of supply, minimize fraud and potential criminal activity, and assist with taxation and regulatory compliance across various levels of government within the legalized cannabis marketplace.

 

About Blox Labs

Blox Labs Inc. (CSE: BLOX) (US OTC: BLLXF) (Frankfurt: BR1B) is a boutique technology development company focused on creating best-in-class software solutions that are driven by emerging trends in Blockchain, Smart Contracts and Decentralized Application Technologies. BLOX recently entered the Canadian Cannabis space with the development of cannaBLOX, a Blockchain solution focused on Cannabis seed-to-sale provenance verification. The Company is actively targeting partnerships and strategic acquisitions of high growth companies.

 

About Liberty Leaf

Liberty Leaf Holdings Ltd. is a Canadian-based, public company whose focus is to build and support a diversified portfolio of cannabis-sector businesses, including cultivation, processing, value-added CBD/THC pet products and supply-chain products within this dynamic and fast-growing sector.

Liberty Leaf’s late-stage ACMPR portfolio consists of a 60% interest in Just Kush and 100% of North Road Ventures.

For further info on the Company please visit http://www.libleaf.com or email [email protected].

 

On behalf of the Board

 

Will Rascan, President & CEO
Liberty Leaf Holdings Ltd.
Phone: 778-819-0244

Twitter: @LibertyLeafCSE
Facebook: LibertyLeafCSE

 

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

 

by Liberty Leaf Liberty Leaf No Comments

Liberty Leaf and North Road Ventures Welcome BC Retail Guidelines for Cannabis

Liberty Leaf and North Road Ventures Welcome BC Retail Guidelines for Cannabis

 Guidelines Mean Huge Opportunity for Sales of Branded Products

 

Vancouver, B.C. – February 6, 2018: Liberty Leaf President and CEO, says the Company is pleased with the BC government’s newly released guidelines for how recreational-use cannabis will be sold in the province. Liberty Leaf Holdings Ltd. (CSE: LIB, OTCQB: LIBFF and FSE: HN3P) (the “Company” or “Liberty Leaf”) is a Canadian-based, public company whose objective is to be at the forefront of the cannabis industry, accelerating revenue-generating businesses within this rapidly growing sector.

The guidelines propose a mix of public and private retail outlets, similar to the way liquor is now sold in BC. And it will establish the Liquor Distribution Branch (LDB) as the sole wholesaler of cannabis products.

These guidelines are similar to other retail models proposed in Alberta, Saskatchewan and Manitoba, and that is all good news for Liberty Leaf and its wholly-owned subsidiary, North Road Ventures.

“Going to a retail model that permits independently-run stores means there will be demand for a variety of products,” says North Road’s Doug Macdonell, Research and Development officer. “Having hundreds of retail outlets across Western Canada creates a large and varied market that fits perfectly with our distribution model, which includes developing a network of artisan and micro-growers who don’t have their own distribution capacity.”

BC’s guidelines will also keep cannabis out of liquor stores and other types of retail establishments, except in remote rural areas where a separate cannabis outlet would not be viable. Essentially, cannabis retailers will only be permitted to sell cannabis and cannabis-related accessories. That means there will be no competition for cannabis dollars from alcohol, cigarettes, lottery tickets, food or any other products.

Another thing Macdonell likes about BC’s guidelines is that there will be no artificial limit on the number of retail store licenses: “More stores means more demand for our grower’s products.”

Yet another encouraging part of the guidelines is that the LDB will only distribute pre-packaged products, and that retail outlets will not be permitted to re-package or re-brand the products they sell.

“We are busy developing branded cannabis products for ourselves and for some of our suppliers, so this means there will be no re-packaging and dilution of the brands we supply to the LDB,” Macdonell says.

“Liberty Leaf applauds this farsighted and flexible retail framework for recreational-use cannabis,” says Will Rascan. “It means BC is open for business – our business.”

 

About Liberty Leaf

 Liberty Leaf Holdings Ltd. is a Canadian-based, public company whose focus is to build and support a diversified portfolio of cannabis-sector businesses, including cultivation, processing, value-added CBD/THC pet products and supply-chain products within this dynamic and fast-growing sector.

Liberty Leaf’s late-stage ACMPR portfolio consists of a 60% interest in Just Kush and 100% of North Road Ventures.

For further info on the Company please visit http://www.libleaf.com or email [email protected].

 

On behalf of the Board

Will Rascan, President & CEO
Liberty Leaf Holdings Ltd.
Phone: 778-819-0244

Twitter: @LibertyLeafCSE
Facebook: LibertyLeafCSE

 

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

 

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