Midas Letter

Cannex Capital Holdings (CNSX:CNNX) Becoming Multi-State Operator


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Cannex Capital Holdings Inc (CNSX:CNNX) (OTCMKTS:CNXXF) Director and CEO Anthony Dutton talks about the company’s planned merger with 4 Front Holdings, LLC and becoming a multi-state operator in the increasingly crowded American cannabis space. According to Dutton, 4Front is the perfect match for Cannex, as 4Front’s retail and distribution proficiency complements Cannex’s core competencies of cultivation and processing. The expanded footprint of the combined entities will have a presence on both coasts and Dutton reveals the new company is interested in further expansion. Dutton indicates the new company’s expansion targets will include high population states where recreational cannabis is already legal or on its way to becoming legal. Dutton indicates the company plans to focus on creating branded products, which realize higher margins, as the cannabis sector evolves into a consumer packaged products industry.

Transcript:

James West:   Anthony Dutton, CEO of Cannex Capital is here with me. Anthony, welcome back.

Anthony Dutton:    Thank you very much. Happy New Year.

James West:   Happy New Year to you, too! We can still say that, I guess.

Anthony Dutton:    Yes, I think.

James West:   Anthony, Cannex has really undergone quite the revolution in the first weeks of 2019 here. Tell me about all these new developments.

Anthony Dutton:    Well, they really stem from our early December announcement of our business combination with 4Front. I believe you had Josh Rosen on your show around then to tal

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Midas LetterBy James West and Ed Milewski