MPX International Introduces Canadian Retail Brand, Strain Rec™ to be Used by Its Wholly-Owned Subsidiary, Canveda Inc., a ...
August 05 2020 - 5:05PM
MPX International Corporation (“
MPX
International”, “
MPXI” or the
“
Corporation”) (CSE:MPXI; OTCQX:MPXOF), a
multinational diversified cannabis company, is pleased to announce
the launch of its Canadian recreational brand, Strain Rec ™ by its
wholly-owned subsidiary Canveda Inc. (“
Canveda”)
with initial shipments made to the Province of Saskatchewan. For
additional information on Strain Rec ™ visit the website
www.strainrec.ca.
“Canveda has introduced its unique Canadian
recreational brand Strain Rec ™. Brand recognition is pivotal to
success in the marketplace and we are pleased to have been able to
develop a brand concept which will be representative of the
recreational market,” said Michael Arnkvarn, Chief Operating
Officer, Canada of MPXI. “We received positive initial feedback on
our first shipment and have since followed up with a second
shipment which was sent to the distributor in July.”
The initial Strain Rec ™ offering by Canveda
consists purely of flower and was introduced to eight (8)
Saskatchewan retailers during the last week of June by its
Saskatchewan-approved distributor.
“This is our initial salvo into the Canadian
recreational marketplace and we believe that we are in a strong
position to succeed. The adult use market demands differentiated
products that contain high THC levels and our Canveda facility is
able to offer unique strains that meet that demand,” noted W. Scott
Boyes, Chairman, President and CEO of MPX International.
“Saskatchewan is a relatively small market with only a little over
50 stores, making this province a great place for MPXI to test the
waters. As we expand our offerings to include extracts, topicals
and edibles, the revenues generated by the recreational market will
become an integral component of MPXI’s Canadian growth
strategy.”
MPXI is also developing distribution channels
for the Strain Rec™ brand with additional provincial cannabis
marketing boards and will inform its shareholders of these
developments in due course.
About MPX International
Corporation
MPX International Corporation is a multinational
diversified cannabis company 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: +1-416-840-4703
info@mpxinternationalcorp.comhttp://mpxi.tv
For additional information on MPXI visit our
website www.mpxinternationalcorp.com or http://mpxi.tv.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/45008bc6-0183-4ccb-b79b-f19754d25823
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