PRESS RELEASE:
BlockChain Loyalty Corp. Announces Completion of Transaction with Marianna Naturals Corp.
April 3, 2023 - PORTLAND, OR and MONTREAL, QC/ BlockChain Loyalty Corp. (OTC PINK: BBLC) is pleased to announce that the Share Exchange Agreement with Marianna Naturals Corp., which was entered into as of February 8, 2023, was effectively closed on March 28, with the issuance of new BBLC Common shares to Marianna shareholders and consultants, amounting to a revised total of 41,894,332 new treasury shares, and the reissuance of existing outstanding Common shares.
The Transaction
BBLC will now have a total of 59,300,332 Common shares outstanding.
Marianna Naturals Corp. is an all-natural genderless, celebrity endorsed, skincare brand incorporated in Canada and spun from the highly successful US brand, Beauty Kitchen.
Most importantly, as a result of this transaction, BBLC is now actively engaged in an ongoing revenue-generating business and can no longer be considered a “shell” company, as that term is defined under existing securities regulations.
A change in control of the BlockChain Loyalty Corp. was previously disclosed, as required, by OTC Markets regulations.
Existing Marianna shareholders will be contacted through their email addresses of record or by mail to their listed physical addresses. Shares have been issued by BBLC’s transfer agent as book-entry accounts to all shareholders. If a shareholder wishes to receive a physical certificate, they will need to pay for it themselves with the transfer agent, Signature Stock Transfer Inc.
Blockchain Loyalty Corp. expects to begin the process of a name and symbol change that will better reflect the corporation’s new business as soon as practicable.
Bullish
