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MPX International’s Thailand Subsidiary Closes US$10 Million Financing and Provides Project Update

TORONTO, ONTARIO, and BANGKOK THAILAND – TheNewswire – October 4, 2021 – MPX International Corporation (CSE:MPXI) (CNSX:MPXI.CN) (OTC:MPXOF) (“MPX International”, “MPXI” or the “Corporation”), a multinational diversified cannabis company, and its subsidiary, Salus International Management Ltd. (“SIM”), a management company currently focussed on operations in Southeast Asia, are pleased to announce that SIM has completed its US$10 million (C$12,748,000) private placement (the “SIM Financing”) which is being used to complete the build-out, acquire equipment and commence operations of a state-of-the art, EU-GMP-compliant cultivation, extraction, processing, testing and packaging facility capable of extracting 750 kgs of biomass and producing 30kgs of CBD/THC distillate/isolate each day.

 

SIM has entered into a management agreement with Salus…

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