Marianna Naturals Corp. entered into a Share Exchange Agreement to acquire Blockchain Loyalty Corp. (OTCPK:BBLC) for $2.4 million in a reverse merger transaction on February 8, 2023.

BBLC will issue a total of 47,636,699 new Common shares from treasury to existing Marianna Naturals Corp. shareholders and consultants as consideration for all of Marianna Naturals Corp. outstanding Common stock.

BBLC will then have a total of 65,042,699 Common shares outstanding. As a result of this transaction, BBLC will be actively engaged in an ongoing business and would no longer be considered a “shell” company, as that term is defined under existing securities regulations. Over the course of the next few weeks, Blockchain Loyalty Corp.

will begin the process of a name and symbol change that will better reflect the corporation's new business. Signature Stock Transfer Inc. acted as transfer agent to BBLC.