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We Grow With You
www.blockcannan.com
BLOCKCANNAN WHITE PAPER: Version 2.0
POWERED BY:
www.blockcannan.com
Table of Contents
Token Description __________________________________ 1
Token CBD Farm ______________________________ 1
Business model ____________________________________ 2
Competitive Advantages _____________________________ 3
Marketing Plan _____________________________________ 3
Introduction _______________________________________ 4
Case of Colombia _____________________________5
Opportunity _______________________________________ 9
Blockcannan Proposal ______________________________ 10
CBD Farm Token_____________________________ 11
What can our collaborators do? ______________________ 12
How will the funds raised be used? ___________________ 13
Financial Projection ________________________________ 14
Blockcannan Allies _________________________________ 16
KYC _____________________________________________ 17
Wallet Binance__ __________________________________ 17
Smart Contract Specifications ________________________ 18
Road Map ________________________________________ 19
Legal Framework__________________________________ 24
Bibliography ______________________________________ 26
www.blockcannan.com
Token Description
Token Name _______________________ CBD Farm
Token Symbol ___________________________ CBD
Token Type __________________________ BEP - 20
Accepted Currencies ____ BNB, ETH, BTC, USDT, BSC
Total Supply__________________ 138,000,000 CBD
Binance _______________________ 1,380,000 CBD
Type of Offer _____________________ Presale Pool
Minimum Purchase ____________________ 0.2 BNB
Preventa / 12 Feb 2021/ UTC -5/ 08:00 a.m.
Week 1 _ _ _ _ _ _ _ _ _ _ _ _ _ feb 15 - $ 1.20
Week 2 _ _ _ _ _ _ _ _ _ _ _ _ _ feb 22 - $ 1.44
Week 3 _ _ _ _ _ _ _ _ _ __ _ _ mar 01- $ 1.73
Week 4 _ _ _ _ _ _ _ _ _ _ _ _ _ mar 08 - 2.07 USD
Week 5 _ _ _ _ _ _ _ _ _ _ _ _ _ mar 15 - 2.49 USD
Week 6 _ _ _ _ _ _ _ _ _ _ _ _ _ mar 22 - $ 2.99
Week 7 _ _ _ _ _ _ _ _ _ _ _ _ _ mar 29 - 3.58 USD
Week 8 _ _ _ _ _ _ _ _ _ _ _ _ _ apr 05 - 4.30 USD
Hard cap per user: 276,000 CBD
Hard cap: 1,380,000 CBD
Token CBD Farm
Our utility token CBD Farm is a smart contract based on Binance technology, which serves as a
medium of exchange of goods and services for the agricultural and medicinal industry. The market
value of the CBD extract is 21.5 USD per ml. Each Token will have an initial value of 1.20 USD, which
can be used to access the different products that the Blockcannan ecosystem will offer. In addition,
it can be exchanged for BNB, ETH, BTC, USDT, BSC or other cryptoactive on Binance Exchange and
Trust Wallet.
1 www.blockcannan.com
Business Model
Smart Leasing Contracts
Blockcannan is currently building a
platform through smart contracts based on
Blockchain technology for the lease of land,
where the peasant, the small agricultural
producer or a third party, can be linked at
any point in the agricultural and medicinal
production chain; making their land
available through the company's DApp
(Decentralized Application). This advance
has a direct impact on the agricultural
economy, providing substantial
improvements in the profits of the crops in
the different farms, and in turn, promotes
the generation of employment of between
15 to 25 people per hectare.
2 www.blockcannan.com
Competitive Advantages
Blockcannan will have digitized the production, transformation and shipment of
the medical CBD extract through the use of smart lease contracts based on
blockchain. In addition, through this technology, it will be possible to have a
registry of properties and their characteristics, such as: height above sea level,
climate, land properties, alternative crops, registration of seedbeds and
geolocation, among others.
The current legislation for the cultivation of medicinal CBD in Colombia allows
ease for the development of said activity with low production and marketing costs.
Marketing plan
Our marketing plan covers both the written press (electronic news media) and
audiovisual (television, YouTube channel, vimeo, etc.), also including social
networks and events related to agriculture, medicinal industry and blockchain
technology.
Our social networks such as: Facebook, LinkedIn, Instagram, Twitter, Telegram,
among others. They will be managed by our Blockcannan Angels. All the means
currently available will be the way to share audiovisual and written content
about us.
In addition, we will attend congresses and events aimed at the public related to
the main topics covered by our project: agriculture, medicine and blockchain
technology.
3 www.blockcannan.com
Introduction
The legalization and opening of derivatives of medicinal plants such as CBD
worldwide has allowed, thanks to research advances, that medicine is linked to
the properties provided by the plant.
Medicinal treatments for diseases such as: Parkinson's, fibromyalgia, muscle
aches, cancer, the side effects caused by chemotherapies, among others, has
allowed the legalization of the cultivation and processing of the plant to help
in the health of the people, being the alternative medicine of the XXI century.
(EMCDDA, 2018).
Taking into account that the human body has Cannabinoid receptors in the
brain, in the vascular system, in the immune system, in the skin, in the spinal
cord. Just to mention a few, they allow medical treatments with THC, CBD, CBN
and other components of CBD, to act naturally for the recovery or reduction of
pain. (Gallego, 2011)
The global market and internal
regulations in various countries around
the world point to the legalization of
the use of the plant for medicinal
purposes. According to the North
American Report, the industry in the US
was worth more than $ 10 billion in
2018 and will continue to grow at an
accelerating rate for the next decade.
4 www.blockcannan.com
Introduction
In addition, in 2018 Canada amended its legislation, becoming the first G7 country
to fully legalize CBD medicinal. North America is expected to legalize by 2024 as
well, representing a market potential of $ 47.3 billion. (Prohibition Partners, 2019).
Europe with more than 740 million inhabitants will become the world's largest
legal medical CBD market in the next five years. In the past 12 months alone, the
European medical CBD industry has grown more than in the last six years.
In Europe there are 14 countries where medical CBD is legal in some way and more
than 500 million euros have been invested in this business and it is estimated that
the European CBD market will be worth up to 123 billion euros by 2028.
(Prohibition Partners, 2019).
Colombia Case
In the Colombian case, Law 1787 of
2016 allows safe and informed
access to the medical and scientific
use of CBD and its derivatives in the
national territory. According to
Rodrigo Arcila, president of the
Colombian Association of Cannabis
Industries (ASOCOLCANA), in the
country there are some 6 million
candidates to demand CBD-based
drugs, with diseases such as chronic pain, depression, anxiety, epilepsy and
Parkinson's. (Red Plus, 2019)
5 www.blockcannan.com
Introduction
In addition, the geographical position of Colombia is the business opportunity in
the agricultural industry. 12 hours of sunshine a day allows 3 to 4 harvests per year.
This light condition is an advantage over countries dedicated to growing plants for
medicinal purposes, such as Canada. Still, according to ‘Bloomberg’, “expected legal
CBD sales in Canada exceed C $ 6 billion in 2021”. (El Tiempo, 2018)
And it is that everything seems to be aligned so that Colombia becomes a
powerhouse of medicinal CBD. According to Andrés López, director of the National
Narcotics Fund of the Ministry of Health, (the entity in charge of registering those
who meet the requirements to be part of the project), there are already more than
50 companies with manufacturing permits.
The Bloomberg report highlights that “the legitimation of CBD has accelerated at
an astonishing speed, with traditional consumer and pharmaceutical companies
ranging from Constellation Brands and Anheuser-Busch InBev, to Altria Group and
Novartis investing in or partnering with companies. of CBD ”. (Money Magazine,
2019)
Some companies, such as Medcann, in addition to pharmaceutical production,
focus on the development of medical CBD genetics, with 545 identified
components, of which 150 molecules are classified as cannabinoids (chemical
substances) and another 140 as terpenes (organic compounds). ).
Regarding Colombia, Juan Pablo Uribe Minister of Health, announced during the
first Forum of the Colombian Cannabis Industry Association, the increase in the
quota for the use of medicinal CBD in Colombia, from 1.2 to 14 tons in 2019 and
from 40.5 tons in 2020. (Semana Magazine, 2019)
6 www.blockcannan.com
Introduction
In Colombia, it costs 60 cents to produce a gram of CBD. In Canada, $ 3.25. The cost
of production in Colombia decreases, due to its geographical location and climatic
conditions that make the Colombian territory suitable and with the best natural
conditions to grow the medicinal plant.
It should be remembered that Colombian regulations, which have been classified
as one of the most complete in the world, establish that "10 percent of the raw
material produced will have to come from small growers" (El Tiempo, 2018)
About CBD extract for medicinal use
Blockcannan plantations will be made in specialized greenhouses for
growing CBD. The plantation will be made of a species of CBD that isIntroduction
FURTHER
The quota granted to Colombia by the International Narcotics Control Board is 40.5
tons of medical CBD in 2020. Of 91.9 tons endorsed globally.
In Colorado (USA) they implemented a tracking system, from seed to sale of the
final product, to help regulators enforce the law and prevent illegal product
diversion. (El Tiempo, 2018). Blockcannan will use blockchain technology to do the
tracking, mapping and standardization of the seeds.
8 www.blockcannan.comOPPORTUNITY
Industry News
The difficulties of small landowners to access credit, high
costs in banking transactions, little trust between peers, the
lack of a decentralized database of regulated and audited
products, real-time monitoring of the origin of seeds, health
security in production and transpor tation makes the medical
CBD industr y unable to operate in a transparent manner. The
market under these conditions cannot be transparently
controlled by governments and audited by financial
institutions. This leads to all kinds of challenges that affect
both consumers and businesses. Since the demand will
increase and the supply of the product will not be enough to
cover the demand that is generated.
9 www.blockcannan.comBlockcannan Proposal
Why Blockcannan?
Blockcannan is developing a commercial and productive ecosystem for the
medicinal and agricultural industry based on Binance block technology where
clients and collaborators will be able to control and follow in real time the
evolution of the crop on their land, through Smart Contracts on blockchain
technology . In addition, small producers (peasants) will be able to receive through
smart leasing contracts, the distribution of the yields obtained from their lots. The
Blockcannan blockchain will contain modules for growing, manufacturing,
distribution, transportation, testing, along with company, batch, and inventory
management. In addition, the commercialization of the different products through
a Marketplace. The Blockcannan blockchain will be designed to have
interoperability with other blockchains in the sector (as long as they allow it) to
provide the transparency that the medicinal CBD industry needs.
10 www.blockcannan.comTOKEN CBD FARM
Colombian Industry Token
agricultural and medicinal .
Blockcannan appears in the A decentralized payment network
Colombian and international
market as an agricultural company One of the first phases of the project is
that is based on blockchain to create a decentralized payment
technology. Our goal is to become a network for the agricultural and
leader by merging the agricultural, medicinal industry. The main goal is to
medicinal industry and an provide businesses with an alternative
ecosystem of decentralized payment solution that is more
applications. This allows the profitable than current payment
realization of payments and the use options. This system is built around the
of smart leasing contracts that Token CBD Farm. It is a token that acts
allow linking in the production and as a means of exchange and a unit of
marketing chain of the agricultural account in this system. In practice,
and medicinal industry in a reliable Blockcannan envisions a decentralized
and regulated manner through a payment network in which transactions
hybrid blockchain. With this, the will be executed directly from the client
business allows the audit of the to the merchants (there are no
different governmental control intermediaries), in which the
entities to guarantee transparency transactions are more secure, faster and
in the regulatory framework. cheaper.
11 www.blockcannan.comWhat can our collaborators do within the system?
• Add farmers to the system
• Enter a batch of elemental harvest data, linked to a specific
farmer.
• Add a laboratory to test the product.
• Enter a laboratory experience connected to a specific batch of
farmers
• Register certified dispensaries
• Clinical research trials
• Compliance reports and automatic record keeping.
• Mapping, geographic survey, land survey, gps marking.
12 www.blockcannan.comHow will the funds raised be used?
The funds raised will be invested in the
constitution of Blockcannan as a
multinational company, based in Colombia,
the legal procedures necessary to produce
on a large scale and subcontract small
Colombian farmers will be adjusted, a
percentage will be allocated to the construction of physical facilities for
growth, (greenhouses) production and processing (laboratory) of
medicinal CBD in Colombian lands. In addition to the construction of
applications under Blockchain technology.
Blockcannan's 5-year financial projections are based on two lines of
business:
1. Production, transformation and sale of medicinal CBD.
2. Sale of the CBD Farm token on Binance.
13 www.blockcannan.comBlockcannan Financial Projection
For conceptual purposes and based on market prices, the following
tables show the gross profit (before production costs), the annual
cost of production, the minimum investment to produce the fo-
llowing year, the profit before taxes and Blockcannan's growth in
the first 4 years.
14 www.blockcannan.comBlockcannan Financial Projection 15 www.blockcannan.com
Blockcannan Allies
Allied Business Model
Landowners or third parties can request a land review and then become part of Blockcan-
nan. Our smart leasing contract will allow people who do not own land to be linked to the
commercial ecosystem by serving as commercial agents for those who do. That is, they can
receive a profit from the lot that comes into operation with us. A part of the profit will go to
the tenant, another to the company, and finally another percentage to those people who
serve as commercial agent as well and at the end of the production process of the registe-
red lot, the commission will be given.
Our users will receive a percentage of tokens, through the referral link and when the incor-
poration of a new user to Blockcannan in the Binance blockchain becomes effective.
16 www.blockcannan.comKnow Your Customer (KYC)
The KYC is a process to know the origin of the funds obtained in the pre-sale
of the CBD token, which will be carried out through a financial entity Exchan-
ge (Exchange House), avoiding money laundering from financial institutions,
in addition to preventing criminal behavior all over the world. The 'know your
customer' processes are used by companies of all sizes to ensure that their
agents, consultants or distributors comply with regulations.
Wallet Binance
During the different stages of the pre-sale,
Blockcannan investors will be able to safe-
guard their CBD tokens in the Binance Wallet
and Trust Wallet, until the development of our
exclusive CBD wallet to store the CBD Farm
token is finished.
17 www.blockcannan.comSpecifications
BEP - 20 is a technical standard used for smart con-
tracts on the Binance blockchain (Distributed Ledger
Smart Contract Technology (DLT)). Blockcannan's smart lease is based
ERC-20 on this technology. BEP - 20 describes a standard on
the functions and events that a Smart Contract that
Binance can implement.
Characteristics
1. Trust: your documents are encrypted in a shared book. There is no way
anyone can say they lost it.
2. Transparency: everything is written within a smart contract with complex de-
tails for anyone to read, it is open to all.
3. Self-Employed: No need to trust a broker, lawyer or other intermediaries to
confirm. There is no manipulation.
4. Accuracy: automated contracts avoid mistakes that come from a person who
makes the contract who may lose some conditions.
5. Speed and time: The execution and confirmation of transactions on the block-
chain is done in a few seconds.
6. Savings: Smart contracts can help you save a lot of money by eliminating the
presence of a middle man.
7. Security - Cryptographic encryption keeps your data safe. Since they meet the
highest safety standards, the level of protection involved in them allows safe
use for critical processes.
18 www.blockcannan.comRoad map
Start JUNE
Idea generation and
feasibility analysis
Agreement with
SEPTEMBER
Engineers, agronomists,
farmers, lawyers,
accountants, biologists and
farmers
Conformation
work team
OCTOBER
Blockcannan Task Force
Established
FEBRUARY
Technological Exploration
Blockcannan technology
development started
Estates
Land agreement where the
initial greenhouses will be
built
19 www.blockcannan.comRoad map
MAY
Agreement with
Software developers and
programmers
Investigation AUGUST
An agreement was reached
with the University of
Antioquia in the Center for
Scientific Research
Creation of the Wallet
OCTOBER
The Blockcannan Wallet
was created in Metamask
JANUARY
Token Blockcannan
Incorporation in Exchanges
and creation of the CBD Token
with Ethereum technology
Pre IEO
Private Investor Group
20 www.blockcannan.comRoad map
MARCH
IEO Home
Exchange Latoken
First Stage IEO APRIL
Phase one, token offering
MAY
Second Stage IEO
Phase two, token offer
Third Stage IEO JUNE
Phase three, token offering
JULY
Fourth Stage IEO
Phase four, token offering
Fifth Stage IEO AUGUTS
Phase five, token offering
DApp “Wallet CBD”
Beta
21 www.blockcannan.comRoad map
Alliances
SEPTEMBER
Blockcannan Alliance with Gana,
Baloto, Efecty, Visa, MasterCard,
American Express, Diners Club,
PSE
Commercial Alliances DECEMBER
Licensed company for seeds,
medicinal CBD, medicinal THC,
and finished product
Characterization Map JANUARY
Támesis Estate, Colombia
FEBRUARY
Enlistamiento
Token CBD Farm (BEP - 20) en
Binance Exchange
Presale
Token CBD Farm en
Binance Exchange
22 www.blockcannan.comRoad map
MARCH
Filing of Licenses
CBD and medicinal THC before
Colombian government entities
Pre-sale completion
Token CBD Farm en
Binance Exchange Agricultural Mount
Blockcannan ecosystem under
Binance blockchain technology
Legal Medicinal CBD JUNE
Start of medicinal CBD
AUGUTS Launching
Business ecosystem in
Blockchain
Commercialization SEPTEMBER
Commercialization
Medicinal extract
23 13
www.blockcannan.comLEGAL FRAMEWORK
1. The purpose of this document called "Whitepaper" is to present the Blockcannan project
to people interested in being holders of CBD Farm tokens.
2. The information described in this document for its informative nature does not derive
obligations or contractual duties in charge of the developers of the Blockcannan project,
its objective is to provide relevant information about the conditions of the project and its
development team.
3. The information provided in this document should not be construed as the basis of any
investment decision or strategy, its intention is only to offer general and preliminary
information to those interested in making their contribution to the project.
4. This document has been created for informational purposes only, it does not constitute
or is intended to be an offer to sell, transfer, issue or award capital, goods or services. This
document will not be understood as an invitation, advertisement, request,
recommendation or induction to invest in any financial instrument.
5. This document does not provide individual or personalized legal, financial or investment
services, nor does it constitute investment advice or a request to buy, hold, invest in, or
possess CBD tokens; The interested party decides at his own risk to make the contribution
under prior consultation and supervision of his financial consultant.
6. This document was not written in accordance with the laws or regulations of any legal
jurisdiction. This document has been published for informational purposes only and is not
subject to any laws or regulations designed to protect investors.
7. The website http: /blockcannan.com is not constituted as an investment, financial or
commercial advisor or as any other type of advice. The user under her own responsibility or
under the supervision of her financial advisor will estimate the convenience of his
contribution.
8. If you are a United States citizen, you will be allowed to buy CBD tokens once your status
as an accredited investor has been verified, according to rule 506 of regulation D, section 4
of the United States securities law, which establishes that only investors Accredited with a
net worth of USD $ 1M or earned income that exceeded USD $ 200,000 (or USD $ 300,0000
together with their spouse), in each of the two previous years and their income is expected
to increase USD $ 200,0000 (or USD $ 300,000 together with your spouse) for the current
year must be accredited as "accredited investor" for which it is required
24 www.blockcannan.comLEGAL FRAMEWORK
a written confirmation from a tax advisor, attorney, or accountant after
verification on KYC, AML, and terrorism, foreclosure, and politically exposed
lists.
9. This document contains forward-looking statements that address matters
involving risks, future events, assumptions and uncertainties related to the
company's operations, expected results, and growth strategy. Consequently,
there are or will be important factors that could cause the company's actual
results to differ materially from those indicated in these statements, for which
the project will not be responsible. Prospective CBD token holders should
specifically discuss these situations with the advice of their financial consultant
before making the decision to acquire CBD tokens.
10. This document may be modified, expanded or limited at any time to provide
more detailed information or to reflect changes in circumstances without prior
notice. In such cases, the latest version of the document will prevail over all
previous versions, the updated document can be consulted at http:
/blockcannan.com
11. Although Blockcannan will deploy the actions and tools necessary to ensure
that the document called "Whitepaper" in its latest version contains the
relevant and accurate information, potential contributors of CBD tokens should
not consider this document as an alternative to professional advice from
qualified advisors. .
12. In case of questions or concerns of a legal, financial, tax or any other nature
related to this document, you should consult a qualified professional advisor.
13. Blockcannan will not be liable for loss or damage to profits, income,
production, anticipated savings, businesses, contracts, business opportunities,
or goodwill that may arise directly or indirectly from the information contained
in this document.
14. Citizens and / or residents of the following countries are excluded: United
States of America (unless they are accredited investors). The People's Republic
of China. Any other country and region where token sales are prohibited.
15. The CBD Farm tokens that are not sold will not be in circulation until they are
loaded with liquidity.
25 www.blockcannan.comBIBLIOGRAPHY
Observatorio Europeo de las Drogas y las Toxicomanías, (2018). Uso médico del cannabis y los
cannabinoides. Ed University of Queensland. London
Fundación Canna, (2019). El sistema endocannabinoide. Tomado de: https://www.funda-
cion-canna.es/sistema-endocannabinoide
Radiotelevisión España, (2018). Canadá, primer país del G7 que legaliza la marihuana para uso
recreativo. Tomado de: http://www.rtve.es/noticias/20181017/canada-segundo-pais-lega-
liza-marihuana-para-uso-recreativo/1821080.shtml
Prohibition Partners reports, (2019). The European Cannabis Report. Edition 4. Taken from:
https://prohibitionpartners.com/reports/#the-cannabis-legal-report
Red Más, (2019). ¿Cómo va el desarrollo del cannabis medicinal en Colombia?. Tomado de:
http://www.redmas.com.co/salud/va-desarrollo-del-cannabis-medicinal-colombia/
El Tiempo, (2018). Marihuana medicinal, el nuevo 'oro verde' para la economía. Tomado de:
https://www.eltiempo.com/economia/sectores/empresas-que-produ-
ciran-marihuana-medicinal-en-colombia-192392
Revista Dinero, (2019). Cannabis medicinal: Colombia se vuelve potencia. Tomado de:
https://www.dinero.com/edicion-impresa/caratula/articulo/a-
si-crece-el-prospero-negocio-del-cannabis-en-colombia/266780
Revista Semana, (2019). Foro: Cannabis medicinal: visualizando la nueva industria en Colom-
bia. Tomado de: https://www.forossemana.com/evento/id/27288/cannabis_medici-
nal_visualizando_la_nueva_industria_en_colombia
Gallego, José, (2011). El Cultivo Ecológico. Un manual práctico. Ed. Urano S.A. Barcelona
26 www.blockcannan.comYou can also read
