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Codebase Ventures Inc. (OTCQB:BKLLF) has completed a first closing of a private placement, raising $687,000 from the sale of 13,740,000 units at $0.05 each. Each unit includes a common share and a purchase warrant priced at $0.075, valid for two years. The company intends to finalize the full $2 million financing by December 16, 2020, with proceeds targeting working capital and future investments. Additionally, 1,500,000 options have been issued to consultants at an exercise price of $0.19, valid for five years.
Codebase Ventures Inc. (OTCQB:BKLLF) has announced an updated roadmap for its holding, Arcology, following the successful results from Testnet 1.0. Key achievements include compatibility with Ethereum and reaching scalability targets. The next phase includes the execution of Testnet 2.0, set for completion in 10-12 weeks, focusing on user experience and performance refinement. Additionally, Arcology is assessing potential revenue models for its public and private blockchain networks. This advancement positions Arcology for future growth and stability in the blockchain ecosystem.
Codebase Ventures Inc. (OTCQB: BKLLF) announces that its holding, Arcology, has made significant advancements towards a potential coin offering following the success of its first Testnet. Arcology achieved an impressive 33,602 transactions per second (TPS) on a cluster of twelve computers, demonstrating high scalability and stability under heavy workloads. The ecosystem aims to facilitate both public and private blockchain applications, with plans for a coin offering expected before the Mainnet launch. Investors may be able to acquire 5% to 10% of planned coins.
Codebase Ventures Inc. (OTCQB:BKLLF) announced a response to a review by the British Columbia Securities Commission (BCSC). The Company will refile its Management Discussion and Analysis for the period ended June 30, 2020, on SEDAR. The refiled documents will include additional disclosures regarding forward-looking statements, investments, and period-to-period comparisons. Codebase Ventures focuses on early-stage investments in technology and innovative sectors, notably cannabis, aiming for significant returns for its shareholders.
Codebase Ventures Inc. (OTCQB: BKLLF) announced that its investment, World High Life Plc, will feature brand ambassador Georges St-Pierre on BT Sport, a major sports network in Europe. The showcase will air on August 27 and include a 5-hour program highlighting St-Pierre's UFC career and promoting the Love Hemp brand. St-Pierre, a three-time UFC champion, endorses Love Hemp's CBD products, emphasizing their benefits in his training and recovery. This exposure aims to enhance brand visibility for Love Hemp, a subsidiary of World High Life.