- Graph Blockchain (CSE:GBLC) is launching an e-commerce wellness platform, named BluStem
- The platform will act as an online marketplace for wellness products, including personal protective equipment, cannabis, and psychedelics
- Graph Blockchain expects to the roll out the site on or around June 1, 2020
- Alongside this news, the company has granted almost 16 million incentive stock options to directors, officers, and consultants
- Graph Blockchain (GBLC) is up 14.29 per cent and is currently trading at C$0.04 per share
Graph Blockchain (CSE:GBLC) is launching an e-commerce wellness platform, named BluStem.
The platform is a proprietary wellness marketplace, and a wholly owned subsidiary of Graph Blockchain.
BluStem will act as an online marketplace for wellness products, beginning with products related to the COVID-19 pandemic, such as personal protective equipment and a COVID-19 test services.
As the company enters its second phase of development, it will expand the platform to include more wellness products. These will include cannabis products, psychedelics, and other wellness brands.
Graph Blockchain expects to the roll out the site on or around June 1, 2020.
The company’s President and CEO, Christian Scovenna, commented on the platform launch.
“These are exciting times for the Company and its shareholders, as we are poised to move in a direction using our current core technology.
“With today’s announcement of our BluStem e-commerce marketplace, we are pursuing the creation of a revenue model that facilitates both scale and organic growth,” he said.
In other news, the company has granted almost 16 million incentive stock options to directors, officers, and consultants. Holders will be able to exercise them at five cents per share, within three years of the date of grant.
Graph Blockchain’s stock option plan allows it to issue up to 10 per cent of its share capital as incentive stock options.
As a result of this grant, the company has 14.25 million stock options issued. This represents 9.2 per cent of the issued and outstanding share capital.
Graph Blockchain (GBLC) is up 14.29 per cent and is currently trading at C$0.04 per share at 12:22pm EDT.