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The Supreme Court Approves An Arrangement Between MPX Bioceutical Corp. (OTCMKTS:MPXEF) And iAnthus Capital Holdings Inc. (OTCMKTS:ITHUF)

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The Supreme Court of British Columbia approved a merger between and iAnthus Capital Holdings Inc. (OTCMKTS:ITHUF) and MPX Bioceutical Corp. (OTCMKTS:MPXEF). The plan announced earlier on received overwhelmingly support from MPX Securityholders during a special meeting. The court’s approval did not come with ease because it meant meeting all the terms of an Arrangement Agreement.

One of the terms was support of at least two-thirds by those who hold MPX Shares. This did happen, and the other condition was at least two-thirds of the votes cast by MPX Securityholders. The Arrangement Resolution gained the approval of 99.44% of the votes cast by all eligible MPX Securityholders. An additional 99.38% approval was from the votes cast by all eligible MPX Shareholders.

What next after the merger?

The Arrangement dictates that iAnthus will acquire both the issued and outstanding common shares of MPX pursuant. There will be the creation of a new entity called MPX International, which will take over MPX Bioceutical’s non-U.S. assets. The new entity will manage the cultivation, the manufacture and marketing of cannabis products globally. Meanwhile, plans are underway to have MPX International’s securities listed in the Canadian Securities Exchange.

The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!

The new occurrence of events comes at a time when the cannabis industry is busting with expansion. On the side, investors have invaded, and a majority are those who are willing to put in millions of investment. The legalization of recreational and medical cannabis in various states has also triggered the boom even as others push for the same.

The ambiance surrounding global marketing on cannabis

Cannabis is quickly becoming a household commodity; thanks to the fact that it is reportedly treating various conditions. Several institutions are investing in any opportunity of obtaining licenses for global marketing. Through its wholly-owned subsidiaries in the U.S. MPX is one of those corporations providing administrative services to three medicinal cannabis enterprises in Arizona. It is operating under the Health for Life, a successful brand, which is growing rapidly.

On the other hand, iAnthus has put in place skills and strategies which offer operational support to six states. It provides a mixture of expertise and management services. It is a household name in the United States and within the cannabis industry.

Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!

   

Learn More About PLSI at your brokerage today!

         

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The Next Big Global Cannabis Play