Proactive Investors - Run By Investors For Investors

Alchemist signs deal to acquire stake in cannabis software provider Rubikon Blockchain

Alchemist will acquire a 10% stake in Rubikon Blockchain Corp, with its flagship cannabis software, CertiCraft
Cannabis software
CertiCraft is a seed-to-sale product information and compliance tracking platform for the cannabis industry

Alchemist Mining Inc (CSE:AMS) released news Monday that it has inked a deal with Rubikon Blockchain Corp to acquire a 10% stake in the company. 

Rubikon's flagship software, CertiCraft, is a seed-to-sale product information and compliance tracking platform for the cannabis industry.

WATCH: Alchemist and Green Rush Consulting team together for cannabis disrupter Oddysee

"Rubikon's Certicraft, is without a doubt the most comprehensive and simple to use Seed-to-Sale application that we have seen, and we have seen quite a few. We are very excited about the opportunity to partner with the team at Rubikon and to seamlessly integrate their unique Seed-to-Sale software and B2B marketplace to the AMS Technology Platform" said Alchemist CEO Paul Mann in a statement. 

Deal details

According to the firm, Alchemist will pay Rubikon C$902,882 in common shares of Alchemist and C$800,000 of further investment terms that will be outlined in the definitive agreement.

The company said completion of the acquisition is subject to regulatory approvals and entry into a definitive agreement.

"Partnering with Alchemist and its existing group of companies makes a lot of sense to us at Rubikon," said Joel Semczyszyn, CEO of Rubikon Blockchain Corporation. "Their industry reach, technology and business partners, along with their access to public markets, allow us the ability to accelerate our growth in the cannabis sector."

Contact Katie Lewis at [email protected]

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full AMS profile View Profile

Alchemist Inc Timeline

Related Articles

plasma torch
May 03 2019
PyroGenesis harnesses the unique properties of thermal plasma to melt and transform metal, carry out high temperature chemical reactions and convert waste into energy
CEO at CEO Session
June 14 2019
The company provides a software as a service (SaaS) platform for social media marketing.
immotion vr racing game
February 06 2019
The out-of-home VR hardware and content maker turned over more than £1mln in the second half of 2018 with ‘only’ 150 or so headsets in operation, but it wants that figure to climb to over 1,000 by the end of this year

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use