CAPITAL AND EXPERTISE TO BE DEPLOYED TOWARD INNOVATIVE BUSINESS MODELS IN THE CANNABIS SECTOR WORLDWIDE AND TRANSFORMATIVE BLOCKCHAIN MODELS INCLUDING SELECT CRYPTOCURRENCIES
VANCOUVER, BC, CANADA (July 26th, 2019) – Codebase Ventures Inc. ("Codebase" or the "Company") (CSE: CODE - FSE: C5B – OTCQB: BKLLF), an investment company announces that its investment mandate going forward will include innovative business opportunities in the cannabis sector and blockchain technologies with select exposure to cryptocurrencies.
The Company’s blockchain and cryptocurrency investments are building significant momentum. As it relates to the cannabis industry, Codebase’s management has founded multiple publicly traded cannabis companies on Canadian exchanges, delivering significant returns to shareholders. With the growth of legal CBD and cannabis regions and countries worldwide, the Codebase’s relationships and experience puts the Company in a prime position to make strategic investments in companies at early stages of market development.
“The board and leadership of the Company have vast industry relationships in the cannabis and blockchain sectors,” said Mr. George Tsafalas, President and CEO. “We are seeing tremendous opportunities for growth in areas such as the UK and Europe, countries and regions that are where Canada was on its cannabis legalization pathway 5 – 7 years ago. We believe this is the time to invest in those markets in order to realize the largest possible gains going forward.”
“There are opportunities being considered in both blockchain and cannabis ventures that share multiple traits, including the entrepreneurial start up nature and inspired leaders with visions that have very high upside from an investment standpoint. Our team believes strongly that our expertise and capital can be added to these mixes to advance them tremendously,” added Mr. Tsafalas.
About Codebase Ventures Inc.
Codebase Ventures Inc. is a small, hands-on team of financial and technology experts who invest early in great ideas. We operate from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders. We seek out and empower the innovators who are building tomorrow’s standards with platforms and protocols, not just products. We invest early, support our founders, take their ideas to market and work tirelessly to help them realize their vision.
For further information, please contact:
Brian Keane, Director
Telephone: 1 (778) 806-5150 - TOLL FREE (877) 806-CODE (2633)
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.