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Cannex Capital Holdings (CSE:CNNX) New Listing

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Cannex, through its wholly-owned subsidiaries, provides a range of comprehensive and flexible growth options for licensed cannabis cultivators, processors and/or dispensaries domestically and internationally.

Additional Information:

Company: Cannex Capital Holdings
Website: http://www.cannexcapital.com
Stock Symbol: CSE: CNNX
Date Published: Mar 15, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Cannex Capital Holdings is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “CNNX”, having previously traded on the TSX Venture Exchange as Arco Resources (TSXV:ARR).

Cannex, through its wholly-owned subsidiaries, provides a range of comprehensive and flexible growth options for licensed cannabis cultivators, processors and/or dispensaries domestically and internationally.

The company provides turn-key real estate with operational infrastructure as well as long term advisory and consulting services.

Cannex has acquired BrightLeaf Development LLC, a limited liability company that, through subsidiaries, holds real estate assets, property leases, brands and intellectual property, and material supply
agreements with Northwest Cannabis Solutions, one of the largest recreational marijuana producer/processors in Washington.

It also has an agreement with 7Point Holdings LLC, another Washington State licensed cannabis producer/processor.

Cannex is currently undertaking an expansion initiative to support the acquisition and development of additional assets, in Canada and internationally, that is expected to serve and support the growing legal medical and recreational cannabis markets.

The company is also exploring several international opportunities in countries that have legal and strongly regulated medical and recreational cannabis sectors.

The company recently closed a private placement, raising gross proceeds of approximately $48.2 million from the placement of 48.2 million units priced at $1.00 per unit.

Each unit consisted of 1 share and one-half a warrant, with each full warrant exercisable at $1.50 for 24 months, subject to an acceleration clause.

Anthony Dutton, CEO stated: “We look forward to having Cannex Holdings commence trading on the CSE as it represents a key advancement in our corporate business plan. A CSE listing will allow us to build a strong public shareholder base and more effectively pursue a number of near-term significant growth opportunities. The financing was originally planned for gross proceeds of up to $25 million. Due to overwhelming demand, we nearly doubled the initial size of the financing.”

The shares are trading at $1.60.

For more information, please visit the company’s website at www.cannexcapital.com, contact Anthony Dutton, CEO, at 604-649-7787 or email adutton@cannexcapital.com.

I’m Samantha Deutscher for Investmentpitch Media