VANCOUVER, British Columbia, Feb. 26, 2018 (GLOBE NEWSWIRE) -- BLOK Technologies Inc. ("BLOK Tech" or the "Company") (CSE:BLK) (FRANKFURT:2AD) is pleased to announce that leading hemp and cannabis business advisor Richard Sharp has consented to join the Company's Advisory Board.

Richard is an accomplished business strategist with over 30 years experience in digital media communications, software development, and most recently the cannabis industry. Serving the private, government, and not-for-profit sectors, some of Richard’s clients have included: Rogers Media, Government of Canada, Scholastic Corporation, Obama 2009 Inauguration and MTV.

Richard’s current activities in the cannabis industry include being a co-founder of Granite Ridge Life Sciences, a phyto-pharmaceutical health and wellness products manufacturing company utilizing cannabidiol (CBD), and a strategic advisor to Mountain Valley Medicinals, a late-stage ACMPR Licensed Producer applicant situated on Vancouver Island. Richard is also the founder and editor of The Hemp News, an online publication covering the emerging medical cannabis and industrial hemp sectors.

As an advisor and investor in several late-stage ACMPR Licensed Producer applicants, Richard brings a unique mix of knowledge of the Canadian and international cannabis and industrial hemp marketplaces.

"It's my pleasure to welcome Richard Sharp to the Advisory Board of BLOK Tech. Richard's entrepreneurial experience from both a digital media, and cannabis industry advisory make him an idyllic person to provide guidance to the Company's team while adding strength to our business and future development of the Company. The Company will benefit from his knowledge and relationships as it moves forward to build shareholder value, together with the Company's Management and existing Advisory Board members," stated Chairman of the Board, Dr. Lui Franciosi.”

Richard Sharp commented, “I am inspired by BLOK Technologies and Greenstream’s vision for the cannabis industry. By building a network that enables LPs and other stakeholders to do business in a compliant way, while capturing critical transactional data, Greenstream’s solutions will help accelerate industry growth.  I’m looking forward to introducing them to my network and communicating these benefits to my industry peers.”

The Company's new website can be found at www.bloktechinc.com where you can subscribe to the company’s news and read about its approach and future plans.

The Company also announces the issuance of 750,000 stock options at $0.55 to directors, management, and consultants of the Company for a term of twelve (12) months.

About BLOK Technologies Inc.

BLOK Technologies Inc. is a public company that invests in and develops emerging companies in the blockchain technology sector. The Company has received conditional approval on its first acquisition. The Company’s approach is to provide capital, technology and management expertise to the companies it develops, starting in the cannabis supply chain management sector. The Company’s process is to identify early-stage technologies with potential to disrupt and innovate within their industry and provide them with the necessary capital, resources and expertise to ensure the success of their projects.

For further information, please contact:

James Hyland, B.Comm.
Vice President Corporate Development, Director
(604) 442-2425
[email protected]

ON BEHALF OF THE BOARD OF DIRECTORS

“Robert Dawson”
President & CEO

Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company’s control.