01:19:30 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



MPX International Corp
Symbol MPXI
Shares Issued 141,670,225
Close 2020-08-11 C$ 0.135
Market Cap C$ 19,125,480
Recent Sedar Documents

Zenabis signs supply deal with MPX Int'l unit

2020-08-12 09:10 ET - News Release

See News Release (C-ZENA) Zenabis Global Inc

Mr. W. Scott Boyes of Zenabis reports

ZENABIS GLOBAL INC. ENTERS INTO A PURCHASE AGREEMENT WITH MPX INTERNATIONAL'S WHOLLY-OWNED SUBSIDARY, CANVEDA INC., FOR THE SUPPLY OF CANNABIS FLOWER

Zenabis Global Inc. has entered into a one-year supply agreement for high-quality cannabis flower with Canveda Inc., a wholly owned subsidiary of MPX International Corp.

The supply agreement between the parties provides Canveda with a minimum of 300 kilograms of cannabis flower per calendar quarter, and a maximum of 1,000 kg of cannabis flower per quarter. The first shipment from Zenabis Atholville of 100 kg will be made upon receipt of an export permit from Health Canada. All the required import permits from Israel have been issued to Canveda. These volumes were not included in Zenabis's estimate of international shipment volumes in the corporate update issued Aug. 10, 2020, and as such are incremental volumes.

"MPX International Corp. is pleased to be able to count on Zenabis Ltd. for a continued supply of premium Canadian cannabis as we develop different market opportunities," says Michael Arnkvarn, chief operating officer of MPXI Canadian operations. "Zenabis has demonstrated their ability to be very pro-active and responsive to our requests."

Daniel Burns, chair of the board of directors, commented: "We are excited to continue expanding our supply relationships beyond Canada. This incremental supply agreement, and in particular the binding delivery minimums, further demonstrate both the quality of our cannabis cultivation output, and our capacity for international bulk delivery."

About MPX International Corp.

MPX International 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 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, N.B.; Delta, Aldergrove, Pitt Meadows and Langley, B.C.; and Stellarton, N.S. Zenabis currently has 111,200 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, and the Namaste, Blazery and Re-Up brand names are used in the cannabis adult-use recreational market.

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