VANCOUVER, British Columbia, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Calyx Ventures Inc. (CYX.V) (“Calyx” or the “Company”) is pleased to announce the completion of development of its Canadian Cannabis Exchange Platform. Calyx’s wholly-owned subsidiary, Cannigistics Agri-Solutions Corp., has completed the wholesale component of the application, and is now ready to proceed with the identification of third-party partners for the testing of the platform.
“As the cannabis landscape matures, the necessity for an independent fluid marketplace is becoming increasingly more apparent,” explained Roger Forde, Chief Executive Officer of Calyx. “To this end we are building an infrastructure which will allow for any current and future Licensed Producers, Distributers and Extractors to get their product to market quickly, efficiently and affordably.”
The wholesale and marketplace system was developed based on a proven and tested model currently in service in the Canadian agricultural marketplace. In addition to the Company’s extensive development and customization of this model to date, the final application framework includes a private distributed ledger to handle and track contracts and transactions.
“Blockchain technology is naturally suited to marketplace applications. This particular market has a need for transaction verification and transparency, so we feel that building the platform to include a private blockchain ledger will give it transparency with both market participants and regulatory authorities,” Forde said. “We see great opportunity in the cannabis market for efficiency, liquidity and accountability, and intend to provide these features through our platform.”
Calyx operates a software development business which produces custom software for enterprises and innovative, well-financed startups. Calyx operates through two wholly-owned subsidiaries, Cannigistics Agri-Solutions Corp., a software development business that has created a software platform originally designed for advanced indoor agriculture and has now evolved to serve a wider range of industries and Canada Blockchain Holdings Corp., a company operating in the blockchain technology and cryptocurrency sector. Calyx also owns a portfolio of proprietary intellectual property with applications in crop enhancement, as well as messaging software assets.
For further information about Calyx, please visit www.calyxbio.com or contact:
President and Chief Executive Officer
Calyx Ventures Inc.
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