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Blockchain Loyalty Corp. (BBLC) reports corporate updates as an OTC-traded operating company focused on emerging technology, digital infrastructure and portfolio investments. Recurring developments include InfernoGrid, an AI infrastructure division designed as a marketplace for GPU compute capacity, and Koilink Technologies Inc., a fintech platform tied to digital capital markets.
BBLC news also covers its portfolio and acquisition activity across areas such as gold-resource opportunities, consumer and luxury brands, and For Us TV Productions. Corporate-status updates include OTC Markets designation changes, shareholder voting matters, capital-structure disclosure, and operating and financial results.
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BlockChain Loyalty Corp. (BBLC) recently completed its Share Exchange Agreement with Marianna Naturals Corp. on March 28, 2023. This agreement resulted in the issuance of 41,894,332 new treasury shares, raising BBLC's total to 59,300,332 outstanding shares. As a consequence, BBLC is now recognized as an active revenue-generating business, no longer classified as a 'shell' company under securities regulations. The company will also initiate a name and symbol change to better align with its new business focus. Existing shareholders will receive notifications regarding their shares.
BlockChain Loyalty Corp. (OTC PINK: BBLC) announced a significant partnership with The Bay Marketplace, receiving approval to feature four of their products on TheBay.com as of March 27, 2023. This milestone offers the company an opportunity to enhance sales through a reputable Canadian platform that attracts around 225 million users annually. CEO Joel DeBellefeuille emphasized the potential for Marianna Naturals’ all-natural skincare products to gain traction among Canadian consumers. The initial offerings include popular items like the Blood Orange Sugar Scrub and Hyaluronic Acid.
BlockChain Loyalty Corp. (OTC PINK:BBLC) has signed a Letter of Intent (LOI) and Merger Agreement with Heather Marianna LLC, the parent company of Beauty Kitchen. This agreement, valued at $10,000,000, is set to close by April 7, 2023. Following a recent share exchange, control of BBLC has shifted to new owners who hold over 49% of common shares. This strategic merger aims to boost market presence across North America and will potentially lead to further acquisitions of revenue-generating lifestyle brands. Both companies have previously collaborated since 2020 and aim to enhance growth through this consolidation.
BlockChain Loyalty Corp. (BBLC) has finalized a Share Exchange Agreement with Marianna Naturals Corp., effective February 8, 2023. This agreement will result in BBLC issuing 47,636,699 new common shares to Marianna Naturals shareholders, expanding BBLC's total shares to 65,042,699. This strategic move transitions BBLC from a "shell" company to an active business entity. Marianna Naturals is a celebrity-endorsed skincare brand with aspirations for growth in markets including Asia and Israel, alongside plans for a flagship store in Montreal. Expect changes in BBLC's name and stock symbol to reflect the new business direction.