Isracann Bioscience Inc. (ISCNF)

[PotterBanker]

Atlas Cloud Resumes Trading as Shareholders Approve Change of Business

https://globenewswire.com/news-release/2018/06/19/1526172/0/en/Atlas-Cloud-Resumes-Trading-as-Shareholders-Approve-Change-of-Business.html

VANCOUVER, British Columbia, June 19, 2018 (GLOBE NEWSWIRE) -- Atlas Cloud Enterprises Inc. (CSE:AKE) (XFRA:A49) (OTCPINK:ATLEF) (the “Company” or “Atlas Cloud”), an experienced IT service provider focused on becoming the lowest cost producer in the blockchain and digital currency mining sector, is pleased to announce it has received shareholder approval and subsequent authorization from the Canadian Securities Exchange allowing its change of business and resumption of trading effective June 19, 2018.

In related news, Atlas Cloud’s five-megawatt (5.0 MW) Grant County Data Centre (“GCDC”) has completed build-out and component renovations into a dedicated Bitcoin mining enterprise location. The Company has invested approximately $3,000,000 CAD which funded the completion of the facility upgrade. The GCDC will initially benefit from three-megawatts (3.0 MW) of low cost dedicated electrical provisioning. A second phase infrastructure upgrade (an additional 2.0 MW) is planned for completion in 2019. GCDC’s 3.0 MW service will allow the Company to host up to 1,874 S9i-14 TH/s Antminer servers, with a hash rate of 26.24 PH/s.