Welcome to our dedicated page for Blockchain Loyal news (Ticker: BBLC), a resource for investors and traders seeking the latest updates and insights on Blockchain Loyal stock.
News and press releases for Blockchain Loyalty Corp. (OTC: BBLC) highlight the company’s evolving focus across AI infrastructure, fintech, media, and resource-based ventures. Through its own announcements, BBLC presents itself as a technology-focused holding and investment company that is building and supporting platforms such as InfernoGrid and Koilink Technologies Inc., while also pursuing opportunities in gold projects and media assets like For Us TV Productions.
Readers following BBLC news can expect updates on the development of InfernoGrid, the company’s AI infrastructure division described as a global marketplace concept for GPU power. News items cover how the company envisions connecting owners of underutilized GPUs with AI users who need on-demand compute capacity, as well as progress toward building a minimum viable product and related platform features.
Another recurring topic is Koilink Technologies Inc., the fintech platform associated with BBLC. News coverage includes BBLC’s acquisition of a stake in Koilink, plans to spin it out as a separate publicly traded entity, progress toward regulatory filings, and steps toward an OTC listing. Articles also discuss Koilink’s role as a real-time, geo-social platform connecting investment brokers, investors and companies seeking growth capital.
Additional BBLC news includes corporate updates on the removal of the Shell Risk designation by OTC Markets, transfer agent changes, legal considerations related to its former transfer agent, and resource-focused initiatives in the gold and mineral sector through partnerships and mining lease agreements. Coverage of For Us TV Productions provides insight into BBLC’s media and entertainment portfolio, particularly its focus on BIPOC filmmakers and inclusive streaming content.
Investors and observers can use the BBLC news feed to monitor the company’s self-reported milestones, strategic partnerships and portfolio developments across these varied sectors.
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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.