SoLVBL Solutions Inc. (CSE:SOLV), a Toronto, Ontario-based blockchain focused technology company, and its subsidiary 1191212 BC Ltd., which employed two employees on behalf of SoLVBL, filed an assignment in bankruptcy on December 21, 2023.

SoLVBL Solutions lists approximately $500 thousand in liabilities, including approximately $140 thousand to Aird & Berlis, while 1191212 BC lists approximately $300 thousand in liabilities, including $60 thousand to BMO.

SoLVBL’s focus was on its proprietary technology platform “Q by SoLVBL”, which provided high-speed digital record authentication. The company was created in 2021 as the result of a reverse takeover between Stowe One Investments Corp. and Agile Blockchain Corp. Upon the amalgamation, SoLVBL carried on the business of Agile.

SoLVBL has not earned any operating revenue since its inception, with its annual expenses and operating losses financed by way of loans and public share issuances.

On December 6, 2023, the Canadian Investment Regulatory Organization halted trading in the company’s shares. With no remaining ongoing business or access to further financing, the company was of the view that it had no other alternative but to assign itself into bankruptcy.

Dodick Landau is the trustee.

By: Dina Milivojevic