VANCOUVER, British Columbia, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Calyx Bio-Ventures Inc. (TSX-V:CYX) (“Calyx” or the “Company”) is pleased to announce that it has acquired Canada Blockchain Hosting Corp. (“Blockchain Hosting”).  This acquisition is expected to seamlessly integrate into the Company’s existing business model, and will significantly enhance the Company’s ability to support the growing blockchain eco system.

Blockchain Hosting has a unique computing infrastructure that is well suited to support next generation blockchain based applications including cryptocurrency technologies.  This will set the stage for advanced mining activities and other crypto opportunities such as blockchain based remittance, inventory control, logistics, provenance tracking, and data accountability.  It will also create a hosting environment for blockchain-based development and testing, proof of stake pools, proof of work pools, and private blockchain hosting.

The acquisition allows Calyx to further scale up operations and expands its infrastructure to accommodate for accelerated growth.  In consideration for all of the outstanding share capital of Blockchain Hosting the Company has paid Cdn$400,000.

“This is a significant step in the execution of the Company’s strategic plan originally announced on October 16, 2017 to integrate next generation “blockchain features” and services into its commercial platforms,” commented Roger Forde, President and CEO of Calyx.

About Calyx

Calyx’s wholly-owned subsidiary, Cannigistics Agri-Solutions Corp, is a software development company that has created a software platform originally designed for advanced indoor agriculture. The original Cannigistics software platform was designed to enhance the efficiency and effectiveness of indoor agricultural operations, but has significantly evolved to include a wide range of other industries. This now positions Cannigistics to be a leader (in not only agri-software industry), but a leader in many other industries. Additionally, Calyx continues to own a portfolio of proprietary intellectual property with applications in crop enhancement and additionally messaging software assets.

For further information about Calyx, please visit www.calyxbio.com or contact:

Roger Forde
President and Chief Executive Officer
Calyx Bio-Ventures Inc.

Tel:      604.880.8822
Email:  rogerf@calyxbio.com

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.