This news release is not for distribution or dissemination in the United States of America
TORONTO, ON / ACCESSWIRE / September 3, 2019 / KYC Technology Inc., an independent reporting issuer in the Provinces of British Columbia and Alberta ("KYC" or "the Company") announced today that it had reached agreement to merge with CanaFarma Corp., a private company engaged in Hemp industry and headquartered in the United States of America.
David Lonsdale, a Director of KYC commented, "This represents an important step forward for KYC in the execution of its strategic plan to merge with a well-funded company in a high growth area, with the goal of being publicly listed later in the year".
About CanaFarma Corp:
CanaFarma is a full-service company operating in the Hemp industry offering a full range of hemp-related products and services. These products and services include growing top-quality hemp, providing hemp-processing services, and offering hemp-based products to consumers utilizing a direct-to-consumer marketing approach.
About KYC Technology:
KYC Technology Inc ("KYC") was incorporated on June 6, 2017 as a British Columbia Corporation. Following the completion of a Plan of Arrangement between the Company and GreenBank Capital Inc, KYC became an independent reporting issuer in the Provinces of British Columbia and Alberta.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., the raising of additional capital and the future development of the businesses comprising GreenBank's investment portfolio. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GreenBank can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and GreenBank disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: KYC Technology Inc.
View source version on accesswire.com:
https://www.accesswire.com/558357/KYC-Technology-Announces-Agreement-to-Merge-with-CanaFarma-Corp
