I suppose closing the LOI may not be sexy either, except that it could have revenue projections or blockchain platform details that are exciting.
The blockchain thing is for real and will be the way that most transactions and other data like a rewards program, or seed to sales records, or other ledgers get done. It's just a matter of time.
Whether that does anything for Belgravia or not remains to be seen.
TORONTO , Jan. 25, 2018 (GLOBE NEWSWIRE) -- BELGRAVIA CAPITAL INTERNATIONAL INC. (CSE:BLGV) (OTCQB:BLGVF) (“Belgravia Capital”, “Belgravia”, or the “Company”) is pleased to announce the execution of a letter of intent with Fanlogic Interactive Inc. (“Fanlogic”) for the joint development of the world’s first unified cannabis automated industry loyalty rewards program. The program will be developed on a Belgravia/Fanlogic Blockchain proprietary platform. The revenue model will include set up fees, and the generation of commissions on smart-contracted incremental and tracked customer purchases. The program will be customer accessible on mobile and other electronic media distributed apps. The blockchain-distributed app will provide real-time loyalty reward points to customers of licensed distributors and other legal distributors of medicinal cannabis and related products.
BLGVF - BELGRAVIA CAPITAL signs Binding Letter of Intent with R&D Pharma Corp., a developer of a vertically integrated medicinal cannabis business in Jamaica, to invest Canadian $1,000,000