TORONTO, ONTARIO – TheNewswire – April 8, 2021 – MPX International Corporation (“MPX International”, “MPXI” or the “Corporation”) (CSE:MPXI) (OTC:MPXOF) (CNSX:MPXI.CN) a multinational diversified cannabis company, is pleased to announce that it entered into an IP licensing agreement (the “Licensing Agreement”) dated March 18, 2021 with Blackhawk Growth Corporation (“Blackhawk”) (CSE:BLR; OTC:BLRZF), an investment issuer in health sciences, cannabis and CBD industries in both Canada and the United States. Pursuant to the Licensing Agreement, MPXI has been granted an exclusive, irrevocable license to manufacture an innovative line of shelf stable cannabis edibles that do not require refrigeration, including infused cheesecake, sorbet and soft chewables (the “Licensed Products”).
MPXI’s wholly owned subsidiary Canveda Inc. (“Canveda”), a license holder under the Cannabis Act (Canada) (“License Holder”), has entered into a manufacturing agreement dated March 22, 2021 with Canngroup Development Corp. (“Canngroup”), another License Holder, whereby Canngroup will manufacture the Licensed Products on Canveda’s behalf. Specialized equipment has been installed at Canngroup’s licensed facility in order to maximize production while maintaining stringent quality standards.
The Licensed Products are expected to be sold under the Corporation’s recreational brand Strain RecTM to the provincial authorities as well as through other distribution channels available to Canveda.
“We were looking for an edibles partner for our Strain Rec™ brand and we immediately recognized the potential of Blackhawk’s products. We are pleased to be able to offer these products for sale through various provincial regulators and expect them to be very well received as there is a demand for progressive edibles products and these products meet this criteria.” said Michael Arnkvarn, Chief Operating Officer, Canada of MPXI. “We will commence our initial deliveries of certain SKU’s before the end of April and these products will strengthen our place in the recreational market”
“I am thrilled to bring our innovative products to market with MPXI,” said Frederick Pels CEO of Blackhawk Growth Corp. “This is a truly needed product in the Canadian cannabis marketplace. Spaced Food has created a shelf stable solution in a product Canadians will be excited for.
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.
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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; the Corporation’s ability to effectively deal with the restrictions, limitations and health issues presented by the COVID-19 pandemic; future cannabis pricing; cannabis cultivation yields; costs of inputs; its ability to market products successfully to its anticipated clients; reliance on key personnel and contracted relationships with third parties; the regulatory environment in Australia, Canada, Malta, South Africa, Switzerland and other international jurisdictions; the application of federal, state, provincial, county and municipal laws; and the impact of increasing competition; 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, 2020 and 2019, and the corresponding 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 about MPXI, please contact:
MPX International Corporation
W. Scott Boyes, Chairman, President and CEO
T: +1-416-840-4703
[email protected]
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