BlockChain Loyalty Corp. Announces Completion of Transaction with Marianna Naturals Corp.

Rhea-AI Summary

BlockChain Loyalty Corp. (BBLC) recently completed its Share Exchange Agreement with Marianna Naturals Corp. on March 28, 2023. This agreement resulted in the issuance of 41,894,332 new treasury shares, raising BBLC's total to 59,300,332 outstanding shares. As a consequence, BBLC is now recognized as an active revenue-generating business, no longer classified as a 'shell' company under securities regulations. The company will also initiate a name and symbol change to better align with its new business focus. Existing shareholders will receive notifications regarding their shares.

Positive

• BBLC successfully closed the Share Exchange Agreement with Marianna Naturals Corp.
• The issuance of 41,894,332 new shares indicates strong business expansion.
• BBLC is now engaged in revenue-generating activities, enhancing its market position.

Negative

• None.

PORTLAND, OR and MONTREAL, QC / ACCESSWIRE / April 3, 2023 / BlockChain Loyalty Corp. (OTC PINK:BBLC): is pleased to announce that the Share Exchange Agreement with Marianna Naturals Corp., which was entered into as of February 8, 2023, was effectively closed on March 28, with the issuance of new BBLC Common shares to Marianna shareholders and consultants, amounting to a revised total of 41,894,332 new treasury shares, and the reissuance of existing outstanding Common shares. BBLC will now have a total of 59,300,332 Common shares outstanding.

Marianna Naturals Corp. is an all-natural genderless, celebrity endorsed, skincare brand incorporated in Canada and spun from the highly successful US brand, Beauty Kitchen.

Most importantly, as a result of this transaction, BBLC is now actively engaged in an ongoing revenue-generating business and can no longer be considered a "shell" company, as that term is defined under existing securities regulations.

A change in control of the BlockChain Loyalty Corp. was previously disclosed, as required, by OTC Markets regulations.

Existing Marianna shareholders will be contacted through their email addresses of record or by mail to their listed physical addresses. Shares have been issued by BBLC's transfer agent as book-entry accounts to all shareholders. If a shareholder wishes to receive a physical certificate, they will need to pay for it themselves with the transfer agent, Signature Stock Transfer Inc.

Blockchain Loyalty Corp. expects to begin the process of a name and symbol change that will better reflect the corporation's new business as soon as practicable.

About Marianna Naturals Corp.

Marianna Naturals ® was born from our belief that the world deserves 100% natural skin care and cosmetics without the use of chemical preservatives. A celebrity skin care and health & wellness brand producing products that are hand-made fresh at our facilities in the USA which are always Cruelty-Free, Paraben-Free, and Sulfate-Free.' Beauty Kitchen's founder and CEO, Heather Marianna, skyrocketed in popularity with the launch of her Beauty Kitchen YouTube series in 2012 where she showcased simple, do-it-yourself beauty recipes made with common kitchen household ingredients.

The series generated a powerful following of more than 4 million viewers. Heather Marianna has starred on Bravo's luxury-travel series, "Tour Group" in 2015 and was featured on Oxygen's "My Super Shopping Addiction" in addition to appearing on several episodes of MTV's "Teen Mom OG." The DIY guru has also appeared on countless news segments across the country as a beauty expert, showcasing her own simple tricks and tips. She is the official beauty expert for KSNV-NBC 3 in Las Vegas and appears monthly to captivate viewers with new DIY tutorials.

In 2020 she and fellow Co-founder Joel DeBellefeuille teamed up to launch Marianna Naturals, a similar but unique brand focused on expanding across the US border into Canada.

For more information visit: www.mariannacorp.com Shop: www.marianna.ca

Connect with Marianna Naturals on:

Linkedin: https://www.linkedin.com/company/marianna-naturals-corp/

Youtube: https://www.youtube.com/channel/UCZQCklGIewWaQd4wHXRAqCg

Facebook: https://www.facebook.com/mariannanaturals

Instagram: https://www.instagram.com/mariannanaturals

Contacts:

Joel DeBellefeuille, Co-Founder, CE0 and President E. joel@marianna.ca
Tel. 1.800.971.2200

To learn more about Joel visit: www.joeldebellefeuille.com

Investor Relations: Just3 Public Relations, Zoltan Sarkozy, Tel. 604.722.0305

This press release may contain certain forward-looking statements within the meaning of U.S. and Canadian securities laws. These statements relate to future events or future performance and reflect management's expectations regarding future business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target" or the negative of these terms or other comparable terminology.

SOURCE: Blockchain Loyalty Corp.

View source version on accesswire.com:
https://www.accesswire.com/747271/BlockChain-Loyalty-Corp-Announces-Completion-of-Transaction-with-Marianna-Naturals-Corp

FAQ

What is the Share Exchange Agreement between BBLC and Marianna Naturals Corp?

The Share Exchange Agreement allows BBLC to issue 41,894,332 new shares, transitioning the company from a shell to an active revenue-generating entity.

How many total shares are outstanding for BBLC after the agreement?

After the Share Exchange Agreement, BBLC has a total of 59,300,332 shares outstanding.

When was the Share Exchange Agreement with Marianna Naturals Corp closed?

The Share Exchange Agreement was closed on March 28, 2023.

What does the closure of the agreement mean for BBLC's status?

BBLC is no longer classified as a shell company and is actively engaged in revenue-generating business operations.

Will BBLC change its company name and stock symbol?

Yes, BBLC plans to initiate a name and symbol change to reflect its new business focus.