Toronto, Ontario–(Newsfile Corp. – September 9, 2020) – Graph Blockchain Inc. (CSE: GBLC) (“Graph” or the “Company“) is pleased to announce that Chairman of the Company, Andrew Ryu, is stepping in as the interim CEO of the Company, and departure of former CEO, Christian Scovenna. The Company has also appointed Jamie Hyland as Vice President of Operations of the Company.
“Firstly, I decided to take on this position to protect the interest of the existing shareholder and to create its value. Unfortunately, the Company had couple of management changes, yet was not able to build the Company. I plan to focus on building the previously announced eCommerce market play and build revenue. I also thank Jamie’s decision to join the Company to turn it around with me,” said interim CEO, Andrew Ryu.
Director Paul Haber commented, “Appointment of Mr. Ryu and Mr. Hyland bring a positive leadership change to the Company. I firmly believe he will stabilize and steer the Company in a right direction.”
The Company also announces termination of the previously announced Letter of Intent to acquire Third Eye Corp. This was announced on August 6th, 2020. This is result of the Company’s deep and narrow strategy to focus on eCommerce business.
About Graph Blockchain Inc.
The Company develops leading-edge private blockchain business intelligence and data management solutions that it will implement into a blockchain supported e-commerce marketplace for the sale of psychedelic and ancillary products in legal jurisdictions.
Additional Information on the Company is available at: www.graphblockchain.com.
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Forward Looking Statements
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