MPX International Upgrades to OTCQX Best Market
11 Fevereiro 2020 - 10:25AM
MPX International Corporation (“
MPX
International,” “
MPXI” or the
“
Company”) (CSE:MPXI; OTCQX:MPXOF) today announced
that its common shares were approved for trading in the United
States on the OTCQX® Best Market, effective today, Tuesday,
February 11, 2020. MPXI's common shares will continue to trade
under the ticker symbol “MPXOF.”
The OTCQX® Best Market is for established,
investor-focused U.S. and international companies. To qualify for
the OTCQX market, companies must meet high financial standards,
follow best practice corporate governance, demonstrate compliance
with U.S. securities laws, be current in their disclosure, and have
a professional third-party sponsor introduction. The companies
found on OTCQX are distinguished by the integrity of their
operations and diligence with which they convey their
qualifications.
“Over the past year MPX International
experienced significant operational changes and reached many
corporate milestones, including the: (a) acquisition of HolyWeed, a
Swiss-based producer of high- quality CBD products; (b) launch of
MPXI Labs in Switzerland, which will produce “cannabis-light” and
CBD oils, extracts, and other CBD-infused products for the Swiss
and European markets; (c) issuance of both a Medical Cannabis
Licence and Cannabis Manufacture Licence to MPX Australia enabling
it to produce medical cannabis products for the Oceania markets;
(d) receipt of an LOI from Malta Enterprise and the acquisition of
an EU GMP-ready facility in Malta, which when fully-built out, will
give MPXI direct access to the European medical cannabis market;
(e) opening of retail flagship stores in both London and Geneva
selling HolyWeed and “beleaf” CBD products; (f) acquisition and
launch of the Medical Cannabis Learning Network which, via in-store
electronic terminals in health food stores, pharmacies and pain
clinics, and online through a private portal, provides education,
consultation and order-entry tools for new and existing medical
cannabis patients; and (g) entering into a framework agreement and
the start of construction of a cultivation project near Cape Town,
South Africa which will provide MPXI’s global operations with
low-cost cannabis biomass. We are committed to upholding best
practices in corporate governance and financial reporting as we
continue to accelerate our growth strategy to further grow market
share and penetrate new markets. Upgrading to the OTCQX Market
demonstrates this commitment to transparency, professionalism and
integrity and is an important a step toward improving liquidity in
our stock as we continue to drive shareholder value,” commented W.
Scott Boyes, MPX’s Chairman, President and CEO.
U.S. investors can find current financial
disclosure and real-time quotes for the company on
www.otcmarkets.com.
For additional information on MPXI visit its
website or http://mpxi.tv
To be added to the distribution list, please
email MPXI@kcsa.com with “MPXI” in the subject line.
About MPX International
Corporation
MPX International Corporation is focused on
developing and operating assets across the global cannabis industry
with an emphasis on cultivating, manufacturing and marketing
products which include cannabinoids as their primary active
ingredient.
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: +1-416-840-3725 info@mpxinternationalcorp.com
www.mpxinternationalcorp.com
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