Graph Blockchain Establishes Special Committee to Review M&A Opportunities
Toronto, Ontario--(Newsfile Corp. - January 8, 2021) - Graph Blockchain Inc. (CSE: GBLC) ("Graph" or "Company") is pleased to announce that the board of directors have created a special committee consisting of two directors (Andrew Ryu and John McMullen) to review M&A opportunities in the crypto currency and blockchain sector. The Company has received interest from various private companies in the crypto/blockchain sector with interest in being acquired by the public company.
"As a result of the inbound interest from various third-party groups with crypto/blockchain companies looking to be acquired, the board of directors felt the appropriate action would be to set up a special committee to review opportunities and present them to the board once vetted. The recent uptrend in crypto currencies has spurred renewed interest in the sector and as one of the remaining crypto/blockchain companies on the CSE we are receiving proposals," says Andrew Ryu, CEO of the Company.
About Graph Blockchain Inc.
The Company develops leading-edge private blockchain business intelligence and data management solutions that it will implement into a blockchain supported e-commerce marketplace for the sale of psychedelic and ancillary products in legal jurisdictions.
Additional Information on the Company is available at: www.graphblockchain.com.
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Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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