Modarate Great News MPX International Introduces Canadian Retail Brand, Strain Rec(TM) to be Used by Its Wholly-Owned Subsidiary, Canveda Inc., a Licence Holder Under the Cannabis Act (Canada)
Announces First Shipments to Saskatchewan
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TORONTO, Aug. 05, 2020 (GLOBE NEWSWIRE) -- 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.