Block One Announces Plans to Broaden Investment Scope to Include Other Sectors
29 Januar 2019 - 1:30PM
Block One Capital Inc. (TSXV: BLOK) (OTCQB: BKPPF) (Frankfurt:ES3)
(the “Company” or "
Block One"), an investment
company focussed on high growth opportunities, is pleased to
provide an update on its investment strategy. For the last eighteen
months Block One has focussed on early stage and high growth
opportunities in the blockchain sector. The Company has invested in
early stage blockchain technologies and acquired a significant
minority stake when possible. Utilizing the technical and
operational depth of our leadership team, Block One Capital has
attempted to provide investors with a diversified basket of
blockchain exposure at attractive valuations.
However, over the last many months, investment
in the blockchain sector has been complicated by a number of
factors that include, but not limited to: significant sustained
declines in crypto-currency valuations, the flight of low cost
growth capital from the sector, a shifting and still unclear
regulatory environment. These factors have impaired Bock One
Capital’s existing portfolio. Bock One Capital believes that it
will be challenging to produce to positive results for investors in
the near to medium term by allocating its remaining investment
capital to the blockchain sector.
As a result, Block One Capital will begin
evaluating investment opportunities outside of the blockchain
sector to which Block One Capital can allocate its remaining
investment capital to optimize investor outcomes. These
sectors include, but are not limited to: Cannabis, Fintech and
Healthcare.
The Company will provide additional updates over
the coming weeks.
For more information on Block One Capital,
please visit the Block One Capital's website
at www.blockonecap.com, or contact Block One Capital at
info@blockonecap.com.
"Sothi Thillairajah"Chief Executive Officer
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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