Aida Enters into Letter of Intent to Acquire a Blockchain Technology Company

Further to its press release of October 6, Aida Minerals (CSE:AMC) wishes to clarify that the previously announced non-binding letter of intent to acquire 100 percent of 10375977, a blockchain technology company doing business as Greenstream will result in a fundamental change for Aida, pursuant to Canadian Securities Policy 8.

As quoted in the press release:

 Accordingly, Aida will seek approval to the transaction from the Canadian Securities Exchange, including completing a Form 2A listing statement and filing the documents set out in CSE Policy 2 concurrently with filing the information circular in respect of an annual general and special meeting of shareholders to approve the transaction. The LOI will form the basis of a definitive agreement to be executed by both parties with a target closing date that remains subject to the receipt of the required regulatory and shareholder approvals.

Greenstream is engaged in the development of a blockchain-enabled supply chain management platform for the legalized cannabis industry. The federal government has laid out a roadmap to have cannabis legalized nationwide by July 2018. With this in mind, Greenstream is in the process of developing a technology architecture to address the supply management needs for this new regulatory environment, providing the industry the ability to manage from ‘seed to sale’. The Greenstream architecture calls for three layers of development including: smart contract processing, POS and ID database integrations and integration with existing inventory management and enterprise management platforms. When fully deployed, there will be multiple stakeholders for the Greenstream platform, including: licensed producers, distributors, government regulators, dispensaries, and software providers.

Click here to read the full press release.

FREE Report - How Will Trump Affect Your Gold Investments? 

Trump’s policies are affecting gold. You should know what’s going on. Click here to get our FREE report.

Click here to get your free report!

Discover what the experts see coming in the Age of Trump with our INN Insider's Report free of charge! Includes expert insights into Trump and his effect on mining and gold.

 

Get the Latest Blockchain Stock Information

Get the latest information about companies associated with Blockchain delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

FREE Report - How Will Trump Affect Your Gold Investments? 

Trump’s policies are affecting gold. You should know what’s going on. Click here to get our FREE report.

Click here to get your free report!

Discover what the experts see coming in the Age of Trump with our INN Insider's Report free of charge! Includes expert insights into Trump and his effect on mining and gold.

 
Comments

Leave a Reply