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MPX Bioceutical Corp. (MPXEF)

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Last Post: 3/15/2019 3:50:17 PM - Followers: 72 - Board type: Free - Posts Today: 0


 Editor's note: Canadian Bioceutical Corp is now called MPX Bioceutical Corporation, and previous symbol BCC on Venture Exchange is now MPX on the CSE ( thecse.com ) and MPXEF on OTC ( otcmarkets.com ) 


- NEVADA: Cultivation, Production, and Distribution with our acquisition of GreenMart of Nevada LLC

- ARIZONA: Cultivation facility, 2 Health for Life (‘H4L’) Dispensaries, now adding a third dispensary, and its well established MPX Brand 

- MASSACHUSETTS: Wholly-owned subsidiary CGX Life Sciences Inc. has a 51% interest in IMT LLC and Fall River Developments, LLC (“FRD”), two Massachusetts registered companies active in the cannabis space

- MARYLAND: MPX Bioceutical Corporation has entered into non-binding letters of intent to acquire dispensary and production licenses in Maryland 

- ONTARIO: MPX Bioceutical Corporation is developing a 72,342 square foot production facility in Owen Sound, Ontario. Future expansion allows for up to an additional 402,658 square feet for a total of 475,000 square feet 

- MELTING POINT EXTRACTS: MPX brands utilize state of the art extraction equipment and exceptional starting materials to provide best-in-class award winning products, currently offered in Arizona, Nevada and Massachusetts. 

- SALUS BIOPHARMA: MPX Bioceutical Corporation has entered into a binding term sheet to create a joint venture with Panaxia to develop proprietary, smokeless pharma-grade products using cannabis under the Salus BioPharma brand.

CEO Scott Boyes speaks to Canada's Business News Network in Toronto:

Nevada acquisition highlights

Creates strong presence in Las Vegas adult use market with over 42 million visitors annually.
Existing licensees have 12-18 month headstart to establish market share.
Fully operational, fully staffed, state-of-the-art licensed production facility, with capacity to produce 1.6 million grams of dried flower and 85,000 grams of high-margin concentrate.
Operations include production of concentrates, as well as edible and other high-margin infused products.
Company has commenced selling wholesale into the Nevada medical cannabis market, as well as is applying for a dispensary license to enter the higher-margin retail market.
2016 Jack Herrer Cup winner for best hybrid concentrate.
Arcview Market Research projects annual legal cannabis sales in Nevada to grow to an estimated US$630 million by 2020.
Attractive valuation at $19 million:
$9.5 million, non-interest bearing promissory note
$9.5 million in units, each unit, priced at CAD$0.75

Management commentary

“Commencement of sales into the adult use market in Nevada, under the state’s “Early Start Capitalized” program, is anticipated for July of this year, with a 12-18-month early mover advantage for existing licensees,” stated Scott Boyes, CEO. “In order to benefit from the strong revenue and cash flow growth anticipated for GreenMart, we decided to accelerate exercising our option and acquire the company. We anticipate the operations to be materially accretive for revenues and earnings in the current fiscal year. We are delighted to bring GreenMart and its award winning products under the BCC umbrella, and we look forward to reporting on our progress as we continue to execute on our aggressive growth strategy.”

GreenMart is fully staffed and operational, and is extremely well-managed. In developing the Nevada business, we are leveraging the operational and commercial best practices developed at our highly successful Health for Life and MPX brands in Arizona. We anticipate this will accelerate market share development in a potentially very sizeable market with strong barriers to entry. Additionally, the shared operational template facilitates integration.



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MPXEF News: CannaInvestor Magazine - Special Edition February 2018 02/20/2018 12:00:00 PM
MPXEF News: Fired-Up Cannabis Players Ride into 2018 on Year-End High 01/31/2018 08:45:00 AM
#1417   The pps keeps dropping everyday whatever we have Brooklyn75 03/15/19 03:50:17 PM
#1416   Your iAnthus shares will equate to your MPX 420Trader 03/06/19 08:41:13 PM
#1415   TD Ameritrade iAnthus shares were back online a 420Trader 03/06/19 08:39:13 PM
#1414   Grey Market shares, knowing MPX history and position 420Trader 03/06/19 08:30:01 PM
#1413   Mine came in as MPXOF, $.58 a share. MrBeach 03/06/19 01:55:53 PM
#1412   Also the day MPXEF held trading Was worth Brooklyn75 03/05/19 08:32:47 AM
#1411   Got mine as well. Confused about MPX I. vdb_123 03/03/19 09:16:11 AM
#1410   received mine as well. still in hold lazur 03/01/19 04:51:51 PM
#1409   I’ve received my iAnthus/MPXI shares today too! But I’m Rockhall 03/01/19 02:57:30 PM
#1408   Got my Ianthus shares just now! Looks like Pugetsounder1 03/01/19 12:09:27 PM
#1407   Believe it or not, March 7th is actually Rockhall 02/28/19 05:16:41 PM
#1406   I hear that, this type of delay doesn’t OBXlife6970 02/28/19 04:48:27 PM
#1405   MPX hopes to have its Owen Sound medical greenwillow 02/28/19 04:46:01 PM
#1404   Also the day that all of us sell dogpark 02/28/19 03:14:21 PM
#1403   Hearing March 7th from Fidelity now for share conversion. Rockhall 02/26/19 09:51:53 PM
#1402   Licensing for peterborough lazur 02/26/19 04:47:43 PM
#1401   They (MPX Intl.) are expecting any day/week now. greenwillow 02/25/19 09:42:41 PM
#1400   GW, Is that a joke or meant as real gosox12 02/25/19 09:34:39 PM
#1399   Any day/week now on owen sound. Closer greenwillow 02/25/19 08:02:47 PM
#1398   No Dividend distribution yet, MPX management is slow!. Pennyes 02/25/19 06:41:20 PM
#1397   The Owen Sound, Canada Facility????? gosox12 02/25/19 06:22:54 PM
#1396   I agree, never seen it take more than OBXlife6970 02/25/19 04:48:50 PM
#1395   Total BS ! StocksNcash 02/25/19 03:50:42 PM
#1394   Ameritrade told me there is no timeframe requirement Raingawd 02/25/19 02:14:13 PM
#1393   No, it's quite frustrating. My brokerage, USAA, can't dogpark 02/22/19 03:55:18 PM
#1392   What the hell happened to our shares here Brooklyn75 02/22/19 03:12:31 PM
#1391   Have you received any info on the share OBXlife6970 02/22/19 09:53:06 AM
#1390   I believe so, yes. dogpark 02/21/19 10:45:11 PM
#1389   Is CDS equivalent to the DTCC in the US? Rockhall 02/21/19 04:55:35 PM
#1388   I asked cds where there shares are. Here’s dogpark 02/21/19 11:19:49 AM
#1387   Yes, frustrating. On the other hand, these shares Pugetsounder1 02/20/19 10:17:43 PM
#1386   Sure is, my TD the same way. Never OBXlife6970 02/20/19 02:36:10 PM
#1385   Total BS this should of settled already ! StocksNcash 02/20/19 01:41:27 PM
#1384   Glad i wasn't planning on selling on the lazur 02/20/19 11:34:52 AM
#1383   My Fidelity MPXEF is still frozen, too. Raingawd 02/20/19 11:24:43 AM
#1382   Fidelity still shows mpxef also Turtlejones91 02/20/19 07:23:56 AM
#1381   My Schwab account is still showing MPXEF. It pinhigh 02/20/19 07:10:09 AM
#1380   Not yet from Fidelity Rockhall 02/20/19 03:36:02 AM
#1379   no i haven't with TD CANNABIS KING 02/19/19 09:30:01 PM
#1378   Still nothing from USAA. Has anybody here received dogpark 02/19/19 09:16:29 PM
#1377   this is the response i got from fidelity lazur 02/15/19 10:34:22 AM
#1376   Looks like we’re waiting another day. Mon. Is OBXlife6970 02/15/19 09:45:39 AM
#1375   Easy tiger..Ianthus will be just fine, some peeps Sunblazers 02/14/19 08:08:54 PM
#1374   I just don’t like the fact that I 420Hope 02/14/19 05:44:32 PM
#1373   Dosen't look bad actually 3% down today but Brooklyn75 02/14/19 05:16:42 PM
#1372   ITHUF is the symbol. The chart looks 420Hope 02/14/19 04:58:23 PM
#1371   Where do you see the new company taking Brooklyn75 02/14/19 03:42:41 PM
#1370   No share transfer yet and the new company 420Hope 02/14/19 03:33:20 PM
#1369   That’s a no from E*TRADE and Fidelity. Ijustwannawin 02/14/19 10:39:31 AM
#1368   Has anyone had their shares transfer yet? OBXlife6970 02/14/19 09:49:44 AM
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