FORM 7 MONTHLY PROGRESS REPORT. February 2018

Transcription

1 FORM 7 MONTHLY PROGRESS REPORT February 2018 Name of Listed Issuer: BLOK Technologies Inc (formerly Aida Minerals Corp.). (the Company ). Trading Symbol: BLK Number of Outstanding Listed Securities: 35,117,378 common shares Date: February 6, 2018 Report on Business 1. Provide a general overview and discussion of the development of the Issuer s business and operations over the previous month. Where the Issuer was inactive disclose this fact. On February 2, 2018 the Company announced that it has changed its name to BLOK Technologies Inc. ( BLOK Tech") and commenced trading under the symbol "BLK" on the Canadian Securities Exchange on that date. Disclosure documents are available at Effective Date: February 2, 2018 New CUSIP: 09370Q 10 5 New ISIN: CA 09370Q New Symbol: BLK Robert Dawson CEO of BLOK Furthermore, the Company announced that Robert Dawson is the new Chief Executive Officer of the Company effective immediately. On February 5, 2018 the Company announced the engagement of Island Capital Management, LLC, to apply to the Depository Trust Company ( DTC ) for the Company s initial DTC eligibility to trade in the United States and to file a Form 211 submission to FINRA. On February 8, 2018 the Company provided an update on the Company s activities related to its 100% owned subsidiary Greenstream Technologies ( GSX ). Greenstream has in development a private blockchain enabled distributed ledger application platform to manage the integrity of the supply chain for companies, government agencies and finally the end user in the Canadian cannabis ecosystem. The Greenstream Network will communicate, transfer assets and value while complying with jurisdictional regulations. When Page 1

2 completed, the Greenstream platform will have multiple revenue streams. The platform has been in development since the summer of 2017 following a white paper which mapped out five phases bringing to market a minimum viable product (MVP) as early as April of this year. The development team is currently in Phase 3. The Company is pleased to announce that it now has a working proof of concept, built using the IBM Hyperledger fabric. Further testing and development of this proof of concept is underway. Greenstream was co-founded by an accomplished Blockchain and FinTech development team including Douglas Kukura, Joel Yaffe, Rumi Guzder and Mike Cohen in Montreal, Canada. The Greenstream team is made up of a combination of platform development professionals and business executives. The Company will be adding sales and marketing expertise as Greenstream gets closer to the MVP. o Douglas Kukura, co-founder of Greenstream and is the current Chief Operations Officer of the Company. Doug is 36 and has a long track record of sales and business development including FinTech, and has achieved many accomplishments in various roles with leading tech companies such as, Ebay, Paysafe, Pivotal Payments and Kijiji. Doug s focus is on the day to day operations of Greenstream and will be the lead liaison with the licensed producers during the development period. o Joel Yaffe is a founder of Greenstream and is the current Chief Technology Officer of the Company and a Member of the Board of the parent Company, BLOK Tech. Joel is an established technology professional of the Montreal start-up community, agitating and mentoring tech entrepreneurs while incubating and launching many ventures. o Rumi Guzder is a co-founder of Greenstream and is currently the Chief Information Officer responsible for daily operations and execution of Greenstream s strategic initiatives to create technology-based solutions which will deliver best-in-class service. Rumi has been an innovator in the technology start-up space, co-founded MobiCow a mobile advertisement network and had been the CFO prior to the successful exit to EvoLeads, a Montréal company. Rumi also brings in experience in Blockchain & Cryptocurrency space with his leading contributions to developing stratum proxy and mining hashrate optimizer. o Mike Cohen is a co-founder of Greenstream & Blocksense Coop and actively participates in the blockchain industry as an advisor and system architect for leading industry stakeholders including blockchain development teams and solution providers, regulatory and industry bodies, and enterprise customers. Mike currently serves as a Blockchain Industry Advisor for Chapmans Limited. Mike has worked directly on a Page 2

3 wide range of blockchain applications for physical access control management, digital rights management (DRM) and royalty distribution for the resale of e-books, an online video advertising platform, a self-sovereign identity oracle and ID proofing system. These activities include early hands-on exposure to distributed systems, computational trust models and initial coin offerings. o Manu Varghese, CSM, MCSA Manu speaks five languages and is a veteran within the software industry, having served in a multitude of successful technology roles across Fortune 500 corporations primarily in the financial services industry including Morgan Stanley, HSBC, Royal Bank of Scotland PLC, and Infosys Limited. Manu is responsible for driving Greenstream s global product vision, design and development, and he will lead product management and all of engineering. Manu has firsthand experience in all aspects of information technology & business, from product inception, development, and delivery using Agile, Waterfall & DevOps methodologies. Manu holds a Master of Technology (M.Tech.) specializing in Computer Network Engineering and acts as an advisor to startups in Blockchain & FinTech space. Manu is also a Certified Scrum Master and holds various technical certifications from Microsoft, IBM, and Splunk. o Jim Anastassiou joined Greenstream Technologies as a Blockchain Consultant in October He is responsible for designing & orchestrating Greenstream s blockchain network and leading the development team. Prior to Greenstream, Jim had co-founded Blocksense in late 2015, a consulting firm focused on solving key challenges of bringing blockchain innovation to business and industry. Fascinated by the potential of the technology, he had spent the last few years researching, architecting and developing blockchain based applications for start-ups, local & international NGOs, and the federal government amongst others. o Drew Taylor has worked in big data and enterprise class software solutions since Constantly tackling new programming tools, Drew's journey has led him to master technologies such as JavaScript, Python, Java, Ionic framework, DApp development, Solidity, Scrypt, and LAMP and MEAN technology stacks. Having worked as lead developer and project manager for projects of all sizes, his experience gives him the ability to understand projects as a whole, foreseeing potential pitfalls down the road. Currently he's tackling internet and financial security, an imminent need in our world today, using blockchain development stacks from big players such as IBM, Intel, and the Ethereum Foundation. Page 3

4 On February 26, 2018 the Company announced the appointment of Mr. Patrick Sharp as to the Advisory Board of the Company. Mr. Sharp is an accomplished business strategist with over 30 years experience in digital media communications, software development, and most recently the cannabis industry. Serving the private, government and not-for-profit sectors, some of Mr. Sharp's clients have included: Rogers Media, government of Canada, Scholastic Corp., Obama's 2009 inauguration and MTV. Mr. Sharps current activities in the cannabis industry include being a cofounder of Granite Ridge Life Sciences, a phyto-pharmaceutical health and wellness products manufacturing company utilizing cannabidiol, and a strategic adviser to Mountain Valley Medicinals, a late-stage ACMPR licensed producer applicant situated on Vancouver Island. Mr. Sharp is also the founder and editor of The Hemp News, an online publication covering the emerging medical cannabis and industrial hemp sectors. As an adviser and investor in several late-stage ACMPR licensed producer applicants, Mr. Sharp brings a unique mix of knowledge of the Canadian and international cannabis and industrial hemp marketplaces. 2. Provide a general overview and discussion of the activities of management. Please refer to Question 1 3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and acquisitions of any new properties and attach any mineral or oil and gas or other reports required under Ontario securities law. 4. Describe and provide details of any products or services that were discontinued. For resource companies, provide details of any drilling, exploration or production programs that have been amended or abandoned. 5. Describe any new business relationships entered into between the Issuer, the Issuer s affiliates or third parties including contracts to supply products or services, joint venture agreements and licensing agreements etc. State whether the relationship is with a Related Person of the Issuer and provide details of the relationship. The Company has entered into a definitive agreement with Canada Inc., a blockchain technology company doing business as Greenstream Technology. The transaction was conditionally approved by the CSE on January 31, 2018 and closed in February. 6. Describe the expiry or termination of any contracts or agreements between the Issuer, the Issuer s affiliates or third parties or cancellation of any financing arrangements that have been previously announced. Page 4

5 7. Describe any acquisitions by the Issuer or dispositions of the Issuer s assets that occurred during the preceding month. Provide details of the nature of the assets acquired or disposed of and provide details of the consideration paid or payable together with a schedule of payments if applicable, and of any valuation. State how the consideration was determined and whether the acquisition was from or the disposition was to a Related Person of the Issuer and provide details of the relationship. 8. Describe the acquisition of new customers or loss of customers. 9. Describe any new developments or effects on intangible products such as brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and trade-marks. 10. Report on any employee hirings, terminations or lay-offs with details of anticipated length of lay-offs. 11. Report on any labour disputes and resolutions of those disputes if applicable. 12. Describe and provide details of legal proceedings to which the Issuer became a party, including the name of the court or agency, the date instituted, the principal parties to the proceedings, the nature of the claim, the amount claimed, if any, if the proceedings are being contested, and the present status of the proceedings. 13. Provide details of any indebtedness incurred or repaid by the Issuer together with the terms of such indebtedness. 14. Provide details of any securities issued and options or warrants granted. None 15. Provide details of any loans to or by Related Persons. 16. Provide details of any changes in directors, officers or committee members. On January 31, 2018, the Company announced that Robert Dawson has been appointed as the Chief Executive Officer of BLOK Technologies Inc. 17. Discuss any trends which are likely to impact the Issuer including trends in the Issuer s market(s) or political/regulatory trends. Page 5

6 Certificate Of Compliance The undersigned hereby certifies that: 1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance. 2. As of the date hereof there were is no material information concerning the Issuer which has not been publicly disclosed. 3. The undersigned hereby certifies to the Exchange that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument ) and all Exchange Requirements (as defined in CNSX Policy 1). 4. All of the information in this Form 7 Monthly Progress Report is true. Dated March 9, 2018 David Alexander Name of Director or Senior Officer David Alexander Signature Chief Financial Officer Official Capacity Issuer Details Name of Issuer Blok Technologies Inc. Issuer Address For Month End January 2018 Date of Report YY/MM/D 2018/02/06 # Hornby Street City/Province/Postal Code Vancouver, B.C., V6Z 2E9 Contact Name Issuer Fax No. Issuer Telephone No. (604) Contact Position Contact Telephone No Page 6

7 Rob Dawson Contact Address CEO Web Site Address Page 7