Graph Blockchain Inc. (CNSX:GBLC) entered into a letter of intent to acquire Third Eye Insights Corp. for CAD 2.4 million on August 6, 2020. The consideration for the transaction will consist of an aggregate of 120 million common shares in the capital of Graph Blockchain Inc. The letter of intent is subject to completion of formal due diligence, execution of a definitive agreement in connection with the proposed transaction, receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange, approval of the board of directors of both Third Eye Insights Corp. and Graph Blockchain Inc. and such other conditions customary for a transaction of this nature. Closing of the transaction is currently expected to occur on or about August 31, 2020 or such other date as mutually agreed to by the parties. Graph Blockchain Inc. (CNSX:GBLC) cancelled the acquisition of Third Eye Insights Corp. on September 9, 2020.