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MPX Will Expand Arizona Footprint Through Subsidiary Acquisitions
Author: Bryan Mc Govern  05/03/2018 - 17:26:00

MPX Bioceutical Corporation (CSE:MPX; OTC:MPXEF) announced its subsidiary CGX Life Sciences entered into a definitive limited liability membership interest and asset purchase agreement for several marijuana assets in Arizona.

As quoted in the press release:

MPX Bioceutical Corporation (“MPX” or the “Company”) is pleased to announce that the Company, through its wholly-owned U.S. subsidiary CGX Life Sciences Inc. (“CGX”), has entered into a definitive limited liability membership interest and asset purchase agreement, dated and effective March 1, 2018 to, acquire 100% of the membership units of ABACA, LLC (“ABACA”), Ambary, LLC, Tarmac Manufacturing, LLC (“Tarmac”) and Tower Management Holdings, LLC.  ABACA is a fully-integrated medical marijuana business licensed under the provisions of the Arizona Medical Marijuana Act, A.R.S. Title 36, Section 28.1 (the “AMMA”) operating a dispensary under the trade name “The Holistic Center” in Phoenix, Arizona as well as certain real estate interests located at 21035 North Cave Creek Road, Phoenix, Arizona.

“This acquisition represents a solid addition to our industry and presence in Arizona, a State that offers MPX one of the best-regulated, yet industry-supportive markets in the country,” said W. Scott Boyes, MPX’s Chairman, President and CEO.

Click here to read the full press release.

The post MPX Will Expand Arizona Footprint Through Subsidiary Acquisitions appeared first on Investing News Network.

Original article: MPX Will Expand Arizona Footprint Through Subsidiary Acquisitions

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