MPX International’s Wholly-Owned Subsidiary, Canveda Inc., Enters Into a Purchase Agreement With Zenabis Ltd. for the Suppl...
12 8월 2020 - 10:29PM
MPX International Corporation (“
MPX
International”, “
MPXI” or the
“
Corporation”) (CSE:MPXI; OTCQX:MPXOF), a
multinational diversified cannabis company, is pleased to announce
that its wholly-owned subsidiary, Canveda Inc.
(“
Canveda”), a licence holder under the Cannabis
Act (Canada), has entered into a purchase agreement for high
quality cannabis flower from Zenabis Global Inc
(“
Zenabis”), a large scale Canadian producer with
an estimated 96,400 kg of licensed cannabis cultivation space.
“MPX International has a strong presence in the
international cannabis market and we have identified several
international opportunities that are interested in purchasing
Canadian cannabis. This, combined with the growth of our
domestic medical cannabis projects, our recent Canadian
retail distribution agreements in Alberta and Saskatchewan as well
as our developing international marketing initiatives require us to
partner with a large scale Canadian producer in order to fulfill
our product needs,” noted Michael Arnkvarn COO Canada of MPXI. “We
were introduced to Zenabis as a potential partner and have been
impressed by the magnitude and quality of products that they
have to offer.”
The supply agreement between the parties secures
Canveda 300 – 1,000 kg of cannabis flower per calendar quarter. The
initial shipment of 100 kg will be sent to Israel as soon as an
export permit from Health Canada is acquired. All the required
import permits from Israel have been issued.
Daniel Burns, Chair of the Board of Directors of
Zenabis, stated, "We are excited to formalize our partnership with
MPXI, and we look forward to being a strong, consistent partner in
ongoing cannabis delivery."
“We welcome the arrangement with a quality
producer like Zenabis,” stated W. Scott Boyes, Chairman, President
and CEO of MPX International. “This agreement is consistent with
our strategy of acting as an intermediary between Canadian cannabis
license holders and the domestic and international markets.
Internationally, we are working to expand distribution of the Salus
BioPharma brand to additional international markets, following on
our initial foray into the international cannabis market with the
arrangement with Panaxia Pharmaceutical Industries Ltd. in Israel,
we are working to expand distribution to additional international
markets. Domestically, we are making great strides to advance
revenues of our Canadian operations. Canveda has entered into
supply agreements with the Provincial Governments of Alberta and
Saskatchewan to supply high quality flower. Our wholly-owned
Spartan Wellness Corporation, is using our Medical Cannabis
Learning Network (the “MCLN”) to connect military
veterans and first responders to Canveda through the Spartan
Network (https://spartannetwork.ca) and has entered into a services
agreement with Medical Cannabis by Shoppers Drug Mart Inc., a
subsidiary of Shoppers Drug Mart, to utilize its network of
volunteers and professionals to perform clinical services for
Shopper Drug Mart patients. We have also been engaged by and
Miramedia Retail Inc. to jointly develop the MiraCBD portal and for
Miramedia to utilize with retailers, natural health practitioners
and consumers to connect their customers to the MCLN platform. We
think that these developments, amongst other initiatives that we
are working on both in Canada and abroad will drive an increase of
shareholder value as the disruptions from COVID-19 begin to
ease.”
About MPX International
Corporation
MPX International Corporation is a multinational
diversified cannabis company focused on developing and operating
assets across the international cannabis industry with an emphasis
on cultivating, manufacturing and marketing products which include
cannabinoids as their primary active ingredient. With current
operations spanning four continents in Canada, Switzerland, South
Africa, Malta and Australia as well as evolving partnership and
distribution opportunities in other jurisdictions, MPXI continues
to position itself as an emergent global participant in the
cannabis industry.
About Zenabis Ltd.
Zenabis (TSX: ZENA) is a significant
Canadian licensed cultivator of medical and recreational cannabis,
Zenabis is a significant Canadian licensed cultivator of medical
and recreational cannabis, and a propagator and cultivator of
floral and vegetable products. Zenabis employs staff
coast-to-coast, across facilities in Atholville, New Brunswick;
Delta, Aldergrove, Pitt Meadows and Langley, British Columbia; and
Stellarton, Nova Scotia. Zenabis currently has 96,400 kg of
licensed cannabis cultivation space and four licensed facilities.
Zenabis has 3.5 million square feet of total facility space
dedicated to a mix of cannabis production and cultivation and its
non-cannabis propagation and floral business.
Zenabis expects its Zenabis Atholville, Zenabis
Stellarton and Zenabis Langley facilities to be in steady state
production in 2020. The Zenabis brand name is used in the cannabis
medical market, the Namaste, Blazery, and Re-Up brand names are
used in the cannabis adult-use recreational market, and the True
Büch brand name is used for Zenabis’ kombucha products.
Cautionary Statement Regarding
Forward-Looking Information
This news release includes certain
“forward-looking statements” under applicable Canadian securities
legislation that are not historical facts. Forward-looking
statements involve risks, uncertainties, and other factors that
could cause actual results, performance, prospects, and
opportunities to differ materially from those expressed or implied
by such forward-looking statements. Forward-looking statements in
this news release include, but are not limited to, MPX
International’s objectives and intentions. Forward-looking
statements are necessarily based on a number of estimates and
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties and other factors which may cause
actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such
factors include, but are not limited to: general business, economic
and social uncertainties; litigation, legislative, environmental
and other judicial, regulatory, political and competitive
developments; delay or failure to receive board, shareholder or
regulatory approvals; those additional risks set out in MPX
International’s public documents filed on SEDAR
at www.sedar.com, including its audited annual consolidated
financial statements for the financial years ended September 30,
2019 and 2018 and the corresponding annual management’s discussion
and analysis; and other matters discussed in this news release.
Although MPX International believes that the assumptions and
factors used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed time frames or at all. Except where required by law, MPX
International disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
For further information, please contact:
MPX International Corporation W. Scott Boyes, Chairman,
President and CEOT: +1-416-840-4703
info@mpxinternationalcorp.comhttp://mpxi.tv
For additional information on MPXI visit our
website www.mpxinternationalcorp.com or http://mpxi.tv.
MPX (CSE:MPXI)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 1월(1) 2025
MPX (CSE:MPXI)
과거 데이터 주식 차트
부터 1월(1) 2024 으로 1월(1) 2025