It is a slow release element that binds with the soil and is not really a "problem fixer".
I have used bentonite for a number of years now and add it to my soil mix before planting.
Blood/bone meal is another great organic product that will help solve calcium issues, as does oyster shell flour, both of which I also use. Results will only appear 2-3 weeks after application, as it takes this long for the transition between the application to the soil and the use of it by the plant in its new growth.
Adding some mycorrihzae to the soil will also boost your plants incredibly. "Mykos" from Xtreme Gardening is what I use, it might be a bit expensive, but it is worth every cent. Since discovering this product a few years ago, there is now no way that I would ever grow without it again, so impressed am I with its results, all this from someone who has been growing for 35+ years, I just wish I had tried it years ago! Initially I thought it was just a "gimmick", but after trying it one year recently, I am now convinced of its benefits - less feeding, improved vigor, increased growth, no health issues, more effective feeding, better yields etc - everything it claims to do, it does! It can be added to the soil at any time of the plants life, but the earlier the better obviously.
Another great health booster is malted barley, either ground into flour or steeped in water and applied as a tea. It contains plenty of growth enhancers and promotes cell division. It can also be added to the soil whole as a slow release amendmant, but works best and fastest as either flour or as a tea.
Hope this helps, Organoman.