Company to leverage leadership experience in sector with CEO and Board having previously played key roles with what are now Supreme Cannabis Company and 1933 Industries Inc.
VANCOUVER, BC, CANADA (May 22, 2019) – Codebase Ventures Inc. ("Codebase" or the "Company") (CSE: CODE - FSE: C5B – OTCQB: BKLLF), an investment company is announcing that its leadership team is seeking investments in the cannabis sector, with a focus on information and technology related to the space, to add to its existing blockchain, cryptocurrency technology investments.
With CEO Mr. George Tsafalas, and Director Mr. Brian Keane, having previously served in leadership and governance positions with Supreme Pharmaceuticals, now Supreme Cannabis Company (TSX: FIRE) and Friday Night Inc., now 1933 Industries Inc. (CSE: TGIF), Codebase will benefit from the experience and relationships its leadership team has from previous roles in the cannabis sector.
“As a result of our knowledge and relationships in the cannabis sector, we have identified opportunities that merit further investigation,” said Mr. George Tsafalas, President and CEO of Codebase. “At one end of the cannabis sector we are seeing innovative startups and at the other consolidation with bigger entities. With worldwide medical and recreational market forecasts over $120 billion by 20301, we are seeing a sector today that is in its infancy and there are investment opportunities of interest to us beyond the mainstream, in areas including information, data and technology.”
As announced earlier this month, the Company’s management team is in a strong position with the investments that have been made in the blockchain space to capitalize on Bitcoin’s resurgence, having increased in value by 50% over the past 30 days2, and the arrival of new opportunities for retail and institutional investors with cryptocurrencies and distributed ledger technologies.
“Whether it be in the blockchain space or the cannabis sector, we are seeking opportunities where the Company holds investments in information, technologies and teams that have the potential to be industry leaders with significant upside potential, which will benefit our shareholders,” said Mr. Brian Keane, Director, Codebase.
1 - https://www.barrons.com/articles/wall-streets-first-pot-analyst-offers-her-top-picks-51553769000
2 - https://www.forbes.com/sites/billybambrough/2019/05/19/bitcoin-roars-back/#3a3068a9fab1