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Adastra Holdings Ltd
Symbol XTRX
Shares Issued 65,970,547
Close 2021-10-21 C$ 1.06
Recent Sedar Documents

Adastra hires Hybrid Financial for marketing services

2021-10-21 16:14 ET - News Release

Mr. Donald Dinsmore reports

ADASTRA HOLDINGS LTD. ENGAGES HYBRID FINANCIAL LTD.

Adastra Holdings Ltd. (formerly Phyto Extractions Inc.) has retained Hybrid Financial Ltd. to provide marketing services to the company. Hybrid has been engaged to heighten market and brand awareness for Adastra and to broaden the company's reach within the investment community.

Hybrid has agreed to comply with all applicable securities laws and the policies of the Canadian Securities Exchange in providing the services.

Hybrid has been engaged by the company for an initial period of six months starting May 3, 2021, and then shall be renewed automatically for successive three-month periods thereafter unless terminated by the company in accordance with the agreement. Hybrid will be paid a monthly fee of $22,500, plus applicable taxes, during the initial term.

About Adastra Holdings Ltd.

Founded in 2018 and formerly known as Phyto Extractions Inc., Adastra is a leading manufacturer and supplier of innovative ethnobotanical and cannabis science products designed for the adult-use and medical markets and forward-looking therapeutic applications. Adastra is renowned throughout Canada for its popular line of Phyto Extractions-branded cannabis concentrate products available on shelves at over 1,400 adult-use retailers across the country. The company also operates Adastra Labs, a 13,500-square-foot agricultural-scale Health Canada-licensed facility located in Langley, B.C., focused on extraction, distillation and manufacturing of cannabis-derived products. Adastra has now taken the first steps in becoming a licensed cultivator, tester, extractor and seller of controlled substances, including psilocybin, psilocin, MDMA, N, N-Dimethyltryptamine (DMT), 5-MeO-DMT and LSD, by applying for a controlled substance dealer's licence, which is under review by Health Canada. Pending Health Canada approval, Adastra is poised to be a drug formulation and development leader in this emerging sector. In addition, with the recent acquisition of 1225140 B.C. Ltd., doing business as PerceiveMD, Adastra operates a multidisciplinary centre for medical cannabis and psychedelic therapies, working alongside doctors and health care professionals within the regulated environment, to help create efficacious remedies that address the actual needs of patients.

About Hybrid Financial Ltd.

Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data-driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid has offices in Toronto and Montreal.

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