MPXOF - MPX International Enters Into a Licensing Agreement with Blackhawk Growth Corporation for Innovative Edibles
(TheNewswire)
TORONTO, ONTARIO – TheNewswire - April 8 , 2021 – MPX International Corporation (“ MPXInternational ”, “ MPXI ” or the “ Corporation ”) (CSE:MPXI ) ( OTC:MPXOF) (CNSX:MPXI.CN ) amultinational diversified cannabis company, is pleased to announcethat 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 healthsciences, cannabis and CBD industries in both Canada and the UnitedStates. Pursuant to the Licensing Agreement, MPXI has been granted anexclusive, irrevocable license to manufacture an innovative line ofshelf stable cannabis edibles that do not require refrigeration,including infused cheesecake, sorbet and soft chewables (the“ LicensedProducts ”).
MPXI’s wholly owned subsidiary Canveda Inc.(“ Canveda ”), a license holder under the Cannabis Act (Canada) (“ LicenseHolder ”), has entered into a manufacturingagreement dated March 22, 2021 with Canngroup Development Corp.(“ Canngroup ”), another License Holder, whereby Canngroup willmanufacture the Licensed Products on Canveda’s behalf. Specializedequipment has been installed at Canngroup’s licensed facility inorder to maximize production while maintaining stringent qualitystandards.
The Licensed Products are expected to be sold under theCorporation’s recreational brand Strain Rec TM to theprovincial authorities as well as through other distribution channelsavailable to Canveda.
“We were looking for an edibles partner for ourStrain Rec™ brand and we immediately recognized the potential ofBlackhawk’s products. We are pleased to be able to offer theseproducts for sale through various provincial regulators and expectthem to be very well received as there is a demand for progressiveedibles products and these products meet this criteria.” saidMichael Arnkvarn, Chief Operating Officer, Canada of MPXI. “We willcommence our initial deliveries of certain SKU’s before the end ofApril and these products will strengthen our place in the recreationalmarket”
“I am thrilled to bring our innovative products tomarket with MPXI,” said Frederick Pels CEO of Blackhawk Growth Corp.“This is a truly needed product in the Canadian cannabismarketplace. Spaced Food has created a shelf stable solution in aproduct Canadians will be excited for.
About MPX InternationalCorporation
MPX International Corporation is a multinational diversified cannabis company focused on developing and operating assets across theinternational cannabis industry with an emphasis on cultivating,manufacturing and marketing products which include cannabinoids astheir primary active ingredient. With current operations spanning fourcontinents in Canada, Switzerland, South Africa, Malta and Australiaas well as evolving partnership and distribution opportunities inother jurisdictions, MPXI continues to position itself as an emergentglobal participant in the cannabis industry.
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Cautionary Statement RegardingForward-Looking Information
This news release includes certain“forward-looking statements” under applicable Canadian securitieslegislation that are not historical facts. Forward-looking statementsinvolve risks, uncertainties, and other factors that could causeactual results, performance, prospects, and opportunities to differmaterially from those expressed or implied by such forward-lookingstatements. Forward-looking statements in this news release include,but are not limited to, MPX International’s objectives andintentions. Forward-looking statements are necessarily based on anumber of estimates and assumptions that, while considered reasonable,are subject to known and unknown risks, uncertainties and otherfactors which may cause actual results and future events to differmaterially from those expressed or implied by such forward-lookingstatements. Such factors include, but are not limited to: generalbusiness, economic and social uncertainties; litigation, legislative,environmental and other judicial, regulatory, political andcompetitive developments; delay or failure to receive board,shareholder or regulatory approvals; the Corporation’s ability toeffectively deal with the restrictions, limitations and health issuespresented by the COVID-19 pandemic; future cannabis pricing; cannabiscultivation yields; costs of inputs; its ability to market productssuccessfully to its anticipated clients; reliance on key personnel andcontracted relationships with third parties; the regulatoryenvironment in Australia, Canada, Malta, South Africa, Switzerland andother international jurisdictions; the application of federal, state,provincial, county and municipal laws; and the impact of increasingcompetition; those additionalrisks set out in MPX International’s public documents filed on SEDARat www.sedar.com , including its audited annualconsolidated financial statements for the financial years endedSeptember 30, 2020 and 2019, and the corresponding management’sdiscussion and analysis; and other matters discussed in this newsrelease. Although MPX International believes that the assumptions andfactors used in preparing the forward-looking statements arereasonable, undue reliance should not be placed on these statements,which only apply as of the date of this news release, and no assurancecan be given that such events will occur in the disclosed time framesor at all. Except where required by law, MPX International disclaimsany intention or obligation to update or revise any forward-lookingstatement, whether as a result of new information, future events, orotherwise.
For further information about MPXI,please contact:
MPX International Corporation
W. Scott Boyes, Chairman, President andCEO
T: +1-416-840-4703
info@mpxinternationalcorp.com
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